Office of Inspector General report on audit of the Department of Energy`s grant for economic development at the Mound Plant

PDF Version Also Available for Download.

Description

The downsizing of the Department of Energy`s (Department) facilities as a result of the end of the Cold War had a negative impact on communities that were heavily dependent on the Department`s operations for economic stability. To lessen the impact, the Department provided financial assistance to local communities through Federal grants and cooperative agreements. The objective of this audit was to determine whether funding provided for economic development at the Mount Plant was used for the Department`s intended purposes. Overall, the authors found that the Department`s funds were used for their intended purposes. However, contrary to Federal regulations, the Department ... continued below

Physical Description

13 p.

Creation Information

Creator: Unknown. February 14, 1997.

Context

This report is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.

Who

People and organizations associated with either the creation of this report or its content.

Creator

  • We've been unable to identify the creator(s) of this report.

Sponsor

Provided By

UNT Libraries Government Documents Department

Serving as both a federal and a state depository library, the UNT Libraries Government Documents Department maintains millions of items in a variety of formats. The department is a member of the FDLP Content Partnerships Program and an Affiliated Archive of the National Archives.

Contact Us

What

Descriptive information to help identify this report. Follow the links below to find similar items on the Digital Library.

Description

The downsizing of the Department of Energy`s (Department) facilities as a result of the end of the Cold War had a negative impact on communities that were heavily dependent on the Department`s operations for economic stability. To lessen the impact, the Department provided financial assistance to local communities through Federal grants and cooperative agreements. The objective of this audit was to determine whether funding provided for economic development at the Mount Plant was used for the Department`s intended purposes. Overall, the authors found that the Department`s funds were used for their intended purposes. However, contrary to Federal regulations, the Department advanced the City of Miamisburg, Ohio (City) $2.6 million more than the minimum funds needed to meet immediate cash requirements, and the City kept the majority of the funds in non-interest bearing accounts. The funds were provided to fulfill commitments previously made to the City by senior Department officials, and the Department did not require the City to comply with Federal regulations or grant terms regarding cash advances. As a result, the City held a cash advance of $2.6 million for more than a year and remitted only $10,000 in interest earned on the advance. Management agreed with the finding and recommendations and initiated the appropriate corrective actions.

Physical Description

13 p.

Notes

OSTI as TI97003748

Source

  • Other Information: PBD: 14 Feb 1997

Language

Item Type

Identifier

Unique identifying numbers for this report in the Digital Library or other systems.

  • Other: TI97003748
  • Report No.: ER-B--97-02
  • DOI: 10.2172/453461 | External Link
  • Office of Scientific & Technical Information Report Number: 453461
  • Archival Resource Key: ark:/67531/metadc684044

Collections

This report is part of the following collection of related materials.

Office of Scientific & Technical Information Technical Reports

What responsibilities do I have when using this report?

When

Dates and time periods associated with this report.

Creation Date

  • February 14, 1997

Added to The UNT Digital Library

  • July 25, 2015, 2:21 a.m.

Description Last Updated

  • June 22, 2016, 2:34 p.m.

Usage Statistics

When was this report last used?

Yesterday: 0
Past 30 days: 0
Total Uses: 2

Interact With This Report

Here are some suggestions for what to do next.

Start Reading

PDF Version Also Available for Download.

Citations, Rights, Re-Use

Office of Inspector General report on audit of the Department of Energy`s grant for economic development at the Mound Plant, report, February 14, 1997; United States. (digital.library.unt.edu/ark:/67531/metadc684044/: accessed August 21, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.