Report: VA Wasted $43 Million Dollars

A new report released by the VA Office of Inspector General Wednesday details a misappropriation of $43.1 million by Veterans Affairs officials.

The $43.1 million was originally appropriated to the VA Supply Fund in 2011 as part of the Medical Support and Compliance Fund. The Chief Business Office (CBO) than through a series of transactions “parked” the funds at the U.S Government Printing Office (GPO).

The OIG report states that, “‘Parking’ refers to the transfer of funds to a revolving fund through an intra-agency agreement in an attempt to keep the funds available for new work after the period of availability for the funds expires.”

The vast majority of the funds though, $35.2 million, remains unused in the GPO as of July 2014