"This might not surprise you at the very least, but a new financial audit of how Baltimore City manages millions of dollar in federal and state grants has found top senior officials cannot account for how those dollars were spent.
The Baltimore Sun reports city auditors have unearthed some very troubling mismanagement concerns when it comes to Baltimore’s finances: “Grant money coming into government coffers is not balancing out with what city agencies are spending.”
“The city is not able to establish accurate balances of grant accounts,” Deputy City Auditor Audrey Askew, CPA told Baltimore’s spending panel last week.
In a shocking response, Askew warned the spending panel: “The city could lose its much-needed [grant] funding,” because of its reckless accounting practices.
According to the Baltimore Sun, the city “receives nearly $448 million in grants or about 16 percent of its $2.8 billion budget.”...
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