Hist and Proj Operating Receipts FY 2011 2 17 2010 - DC Water

• Local and Minority Business Review - to assess both DC WASA's performance and level of compliance under Board
Resolution #00-84, to set annual goals designed to promote participation of Local, Small and Disadvantaged Business
Enterprises (LSDBEs) in procurements funded by "discretionary spending."
• Purchasing Card Program Review - to assess the program's policies and procedures, ensure that they are properly issued;
adequately controlled for authorized purchases; transactions and payments are processed efficiently; and to ensure that
appropriate safeguards over the purchase cards exist.
During FY 2009, the Audit Committee, based on a recommendation by the General Manager, approved the reorganization of the
Internal Audit function to use an outsourced model. Starting FY 2010, DC WASA would use an outside independent accounting firm
to provide DC WASA with a broader range and depth of resources as opposed to having to intermittently hire resources. The
selected firm is responsible for increasing the operational efficiency and effectiveness of the auditing functions. The firm will be
expected to work interactively with DC WASA management to ensure that best business practices prevail that make the best use of
the resources available to DC WASA.
Budget Overview and Performance
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