Colorado recipients of federal stimulus dollars fall short on accounting
Michael Sandoval / The Colorado Observer
Failure to file a timely quarterly report has landed several Colorado organizations receiving stimulus funding on the list of non-compliant prime recipients, according to a report from Recovery.gov.
The Office of Management and Budget, reviewing lists provided by the federal agencies distributing the stimulus funds shows that, over the past 30 months, dozens of recipients in the state of Colorado—including the University of Colorado at Boulder and cities like Greeley—failed to file a quarterly report, as required by Section 1512 of the Recovery Act.
Four recipients in Colorado with awards totaling nearly $1 million failed to file a report for the fourth quarter of 2011.
As many as 21 recipients in Colorado failed to file a report in the third quarter of 2010, Recovery.org records show.
And at least two other recipients listed in the most recent quarter available, with loans totaling nearly $3.8 million from the Department of Housing and Urban Development, were actually for projects located in Illinois, but misattributed to Colorado. …see full story by The Colorado Observer
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