$162 million in stimulus funds unaccounted for

Only $162 million is missing? You have that kind of money in your sofa cushions, right?:

Recovery.gov promised transparency on how the government spends every dollar of stimulus money, but there’s $162 million the website doesn’t disclose.

Recipients of 352 federal stimulus contracts, grants and loans have failed to report how they spent the money, the status of their projects or how many jobs were funded, according to the Office of Management and Budget (OMB).

Despite orders from the White House to crack down, enforcement is spotty.

Note that the Office of Management and Budget won’t release enforcement reports on stimulus grants. The biggest problem seems to be in the Department of Agriculture:

A USA TODAY analysis of missing reports shows the Department of Agriculture has the biggest problem: 100 recipients receiving $103 million have failed to submit reports.

Agriculture spokeswoman Stephanie Chan said 98% of recipients have reported. For those who haven’t, the department “has worked aggressively on a case-by-case basis to achieve compliance.”

The White House just released a stimulus report earlier this week that the Associated Press report characterized as saying “remarkably little of the money has gone out fraudulently.

Beltway ConfidentialfraudstimulusUS

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