Texas Water Development Board
An Audit Report on Management Controls at the Texas Water Development Board
January 1998
Report Number 98-011
Overall Conclusion
The Texas Water Development Board (Board) has established appropriate controls over its mission-critical water planning and financing functions. Through its state water planning process, the Board has demonstrated leadership by identifying and planning to meet future state water needs and by helping to guide state water policy. Through its various financial programs, the Board has issued nearly $2 billion in bonds since 1988 to assist local entities in financing water-related infrastructure. The Board has made progress toward meeting its responsibilities under Senate Bill 1 (75th Legislature).
Key Facts and Findings
Complex financial programs have been effectively administered. The Board has overseen an increase in the number and dollar volume of loan/grant programs administered. The risk of loan defaults will increase under the new Drinking Water State Revolving Fund.
Over each of the past four years, the Board has accounted for between 9 and 12 percent of all combined revenue and general obligation debt issued by Texas state agencies. Over 80 percent of the debt issued by the Board is outstanding.
Improvements are needed in the management and control of information resources.
Since September 1996, the Board has experienced turnover in 2 of 3 deputy positions and 4 of 11 division director positions. In all, 24 of 56 persons noted on the organizational chart at that time are either no longer employed at the Board or are eligible for retirement within three years.
Parameters for implementing regional water planning under Senate Bill 1 may need further clarification through rules or Board procedures.
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