UPDATE: Auditor to Announce 2010 Statewide Audit

9 years 1 week 1 day ago Thursday, March 24 2011 Mar 24, 2011 Thursday, March 24, 2011 2:28:00 AM CDT March 24, 2011 in News
Source: Associated Press
By: Cyreia Sandlin
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JEFFERSON CITY - Missouri State Auditor Tom Schweich held a news conference Thursday morning at the State Capitol to announce the 2010 Statewide Single Audit. The Single Audit examines how state agencies administer federal funding. The audit comes from the 1996 Federal Single Audit Act, which created uniform standards for audits of federal awards by state or local governments, and non-for-profits.

Schweich says some state agencies have been lacking in their oversight of federal economic stimulus funds.  The audit released Thursday says the departments overseeing K-12 schools and public colleges and universities either did not appropriately monitor the use of stimulus funds by schools or were slow in doing so.  The auditor's office compiles a report each year tracking the

state's use of federal money. Missouri spent nearly $15 billion of federal funds in the 2010 fiscal year, including about $2.6 billion of stimulus funds.

The audit also says the social services, health and labor departments need better oversight over programs funded with federal dollars.  Some agencies said in written responses that they disagree with portions of the auditor's findings.

To see the results of previous Missouri Single Audits, visit the Missouri State Auditor website at http://www.auditor.mo.gov/swsa/default.htm

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