Texas Employment Commission
1994 Statewide Financial and Compliance Audit
Report Number 95-096
Overall Conclusion
The Commission complied with federal requirements related to the Employment Services Program and Unemployment Insurance Program with one exception. The Commission is not complying with federal cash management requirements for the Unemployment Insurance Program. Unemployment Insurance Program expenditures totaled $1.4 billion during fiscal year 1994.
Additionally, the Commission's significant statewide accounts totaling $5.3 billion are accurately reported.
Key Finding
The Commission is not complying with the federal cash management requirements for the Unemployment Insurance Program (CFDA 17.225). Commission procedures for requesting federal funds do not minimize the time elapsing between the transfer of funds from
the U.S. Treasury to the State and the payment of those funds as prescribed by the State's agreement with the U.S. Treasury.
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