Audit Reports Affecting Multiple Agencies
A Report on the 1994 Financial and Compliance Audit Results
Report Number 95-124
The information contained in the financial statements of Texas' 1994 Comprehensive Annual Financial Report (CAFR) is presented fairly and can be relied upon to evaluate the State's financial condition.
Material weaknesses were identified in certain elements of the internal control structure over the following federal programs:
- Block Grants for Prevention and Treatment of Substance Abuse (Texas Commission on Alcohol and Drug Abuse)
- Food Distribution Program (Department of Human Services)
- Donation of Federal Personal Surplus Property Program (General Services Commission)
Although these weaknesses are material to the individual federal programs, they are not material to the State of Texas as a whole.
Material weaknesses were identified in certain elements of the internal control structure affecting the general purpose financial statements at:+
- Texas Commission on Alcohol and Drug Abuse
- Department on Aging
Although these weaknesses are material to the internal control structure at the individual agencies, they are not material to the State of Texas as a whole.
The Department of Protective and Regulatory Services, General Services Commission, and Department of Human Services had instances of noncompliance with federal requirements.
The State's financial reporting process can be improved by using the Uniform Statewide Accounting System (USAS) to generate the CAFR. Currently, the State compiles its financial position once a year by an extensive, mostly manual, consolidation of the relevant financial data.
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