Tuesday, February 25, 2014

I'm Sure That Money Went To Good Use...

#1 Blogdaughter sends in a story that I'm certain will shock you...

Audit of D.C.TAG scholarship program shows millions of dollars unaccounted for
The popular D.C. tuition assistance program that helps city students pay for college can’t explain how millions of taxpayer dollars have been spent since 2004, according to an unreleased audit that describes weak financial controls and management problems at the city agency that administers the program.

The federally funded D.C. Tuition Assistance Grant (TAG) program is unique to the District and has become key to how thousands of families budget for college, providing as much as $10,000 a year to students who attend schools outside of the city. But the audit, obtained by The Washington Post, shows that the District’s oversight of TAG money has been riddled with shortcomings, leaving uncertainty about how much money the program should have in its accounts.
Okay, how many of you saw 2004 and knew reflexively that this would be blamed on Bush? It is interesting to see that the two biggest discrepancies occurred in 2004 and 2008 - wonder if any of that money got sidetracked into presidential campaigns? $5 million in 2004 and $4 million in 2008 - I am pretty confident that we will find not a single penny went to George W. Bush's re-election campaign nor John McCain's bid.

Whether it's GOP or DNC or unions lining their pockets or the Illuminati taking a cut, it's unconscionable that a program designed to help kids attend college is held to such a low standard of financial accountability. The General Accounting Office noted problems at TAG's inception 10 years ago that should have been addressed but weren't, and it appears to have only gotten larger over time.

But hey, it's other people's money, right, so who cares?

That is all.

3 comments:

Ted said...

This should be no surprise to anyone with even a modest exposure to what passes for "standard governmental accounting Practices".

Bizzintine charts of accounts, commingled funds, fuzzy spices of funding, a total lack of ability to compare year over year results, no common metrics, 4 and 5 dementions of oversight ( so that no one person can be blamed when everything goes south ).

Any one of which will get you jail time if done in the private sector ......

Stretch said...

The default setting of the DC government is "Corrupt."
And you and I are clearly racist for pointing this out.
I, for one, am surprise the missing amount is as small as it is.

Armed Texan said...

Of course it's Bush's fault. If he had done the decent thing an stepped aside to allow Kerry assume the throne...er...run unopposed, they would not have been forced to misappropriate that money for the election.