FEMA was unable to fully support the accuracy and completeness of certain unpaid obligations, and accounts payable, and the related effects on net position, if any, prior to the completion of DHS’s 2006 PAR. These unpaid obligations, as reported in the accompanying DHS balance sheet as of September 30, 2006, were $22.3 Billion or 46% of DHS consolidated unexpended appropriations at September 30, 2006. [emphasis mine]
To give some idea of proportionality, in fiscal year 2005 the entire Grants and Training (formerly know as State and Local Government Preparedness, a/k/a grants to get working radios for NYC firemen and protection for bridges, tunnels, chemical plants and nuclear facilities) was only $171 million.
So, follow me here, FEMA has lost and/or failed to account for a sum of money that is almost half of DHS’s entire budget and 130 times greater than the amount of money that the Department of Homeland Security is willing to spend to secure the homeland.
And, alas, much much more. (Firedoglake)
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