Feds spend $167 million, audit $150K

Published September 19, 2014 9:00am ET



A government watchdog for Alaska’s economic development unit oversaw less than one percent of the federal funds his commission received, according to the Government Accountability Office.

Of the $167 million the Denali Commission accepted in grant funds between 2011 and 2013, the inspector general’s office, which presently consists of a lone auditor on loan from another federal agency, monitored the spending of just $150,000.

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