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Wednesday, October 05, 2005

Auditors criticize Army Corps' 'just-in-time' financial strategy (10/3/05)

"The Army Corps of Engineers relies too much on shifting funds between projects and needs better planning and financial management, government auditors concluded in a new report.
The Army Corps has been using a 'just-in-time' financial strategy under which it reprograms funds between projects, often without notifying Congress and sometimes in violation of its own rules, the Government Accountability Office said in its report (GAO-05-946). "

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