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02-10-2011, 12:13 PM
HHS Financial Audit : Nearly $800 Million Dollars “Could Not Be Explained” $2B stuck in limbo.

The nonpartisan analysis of an audit conducted by Ernst & Young on the balance sheets of the U.S. Department of Health and Human Services (HHS) for FY2010, was included in HHS’s FY 2010 Agency Financial Report, dated November 15, 2010.

HHS Is Not In Compliance With Federal Financial Management Law.

Nearly $2 Billion Taxpayer Dollars Are Stuck in Limbo.
“As of September 30, 2010, the audit identified approximately 102,500 transactions totaling an approximate $1.8 billion that were more than 2 year s old without activity.”

Nearly $800 Million Dollars “Could Not Be Explained
” Differing Between HHS’ Records and Treasury Department Records. “Based on our review and discussions with management, we noted differences of $794 million that could not be explained.”


02-10-2011, 02:17 PM
If there is one person who is surprised, then they have their head in the sand.