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n2doc

(47,953 posts)
Thu Sep 4, 2014, 12:54 PM Sep 2014

Army can't track spending on $4.3b system to track spending, IG finds

More than $725 million was spent by the Army on a high-tech network for tracking supplies and expenses that failed to comply with federal financial reporting rules meant to allow auditors to track spending, according to an inspector general’s report issued Wednesday.

The Global Combat Support System-Army, a logistical support system meant to track supplies, spare parts and other equipment, was launched in 1997. In 2003, the program switched from custom software to a web-based commercial software system.

About $95 million was spent before the switch was made, according to the report from the Department of Defense IG.

As of this February, the Army had spent $725.7 million on the system, which is ultimately expected to cost about $4.3 billion.

more

http://washingtonexaminer.com/army-cant-track-spending-on-4.3b-system-to-track-spending-ig-finds/article/2552808

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Army can't track spending on $4.3b system to track spending, IG finds (Original Post) n2doc Sep 2014 OP
Hey republicans you want to see wasteful government spending? Here it is! Initech Sep 2014 #1
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