The Minerals Review section of the Energy Resources program area has established written policies and procedures to perform compliance activities for late reporting, late royalty payments, and oil and gas volume and pricing errors
We concluded that the Receiver’s Office controls are generally effective in ensuring that payments and cash received are appropriately accepted, deposited, and managed in compliance with agency policies.
The Texas General Land Office (GLO) has established processes and controls to ensure the adequate administration of the Gulf of Mexico Energy Security Act (GOMESA) and compliance with the operational guidelines of the act.
The Financial Reporting and Accounting section of the Texas General Land Office and Veterans Land Board has implemented the requirements associated with the Governmental Accounting Standards Board, Statement No. 87, Leases (GASB-87).
The Veterans Land Board, Texas State Veterans Cemeteries (TSVC) program generally has effective processes and controls to ensure the TSVCs are operated in compliance with contractual requirements.