HERE IS WHAT THEY FOUND
"The City used money from their electrical enterprise fund to purchase property for economic development purposes.
Electrical enterprise fund revenues are generated from fees charged to rate payers for electrical service,while economic development is an activity unrelated to the purpose for which the fees were assessed. Fees charged for a specific purpose represent an implied agreement with the rate payers and should be used only for activities related to the specific purpose. If an activity does not directly relate to the business of the underlying enterprise fund, then it should be considered a de facto transfer.
Best practices dictate that rate payers should be notified prior to the disbursement of any funds for an unrelated activity."
SEE COMPLETE REPORT