Audit of the Department of Water and Power’s (DWP) Bank Accounts Not Controlled by the Office of Finance

The Controller’s Auditing Division has completed an audit of the Department of Water and Power’s (DWP or Department) bank accounts not controlled by the Office of Finance/Treasurer’s Office (OOF). As of March 31, 2014, DWP maintained 56 such trust fund bank accounts, and the authorized amount of these funds totaled $3.9 million.