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Recovery.gov - Track the Money

Recovery.gov is the U.S. government's official website that provides easy access to data
related to Recovery Act spending and allows for the reporting of potential fraud, waste, and abuse.

 Inspector General Funding Status Report as of December 2012

Inspector General Funds
as of December 31, 2012
Appropriations $305,500,000
Funds Spent $283,128,033
Funds to be Spent $18,271,929
Expired Funds $4,100,037

When the Board updated the Recovery Funding Status Report information as of December 31, 2012, the status of all Recovery funding for each Inspector General of the federal agencies distributing Recovery funds was included.  Starting with the appropriations specified by Congress in the Recovery Act, the goal was to determine  the total funds spent, the funds still to be spent, and any expired funds as of December 31, 2012.

Excel Inspector General Funding Data

 
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Terms Used in This Report

appropriations:

   Amounts designated by Congress for specific programs

funds spent:

   Amounts expended by Inspectors General to conduct oversight of Recovery funds

to be spent:

   Difference between the appropriations and the funds spent, minus the expired funds

expired:

Amounts that Inspectors General did not spend by the deadlines in the Recovery Act or in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act)
 
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Appropriations

In the Recovery Act, Congress designated specific amounts for the Inspectors General of the federal agencies distributing the Recovery funds to prevent fraud, waste, and abuse of the agencies' Recovery funds.

Excel Inspector General Funding Data

Bar chart showing all Recovery Act Agency Appropriations. See Contract, Grant, Loan and Entitlements Details spreadsheet for all data displayed in this chart.
Click image to enlarge
 
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Funds Spent

Bar chart showing all Recovery Funds Awarded by Agency. See Contract, Grant, Loan and Entitlements Details spreadsheet for all data displayed in this chart.
Click image to enlarge

Inspectors General of the agencies receiving Recovery Act appropriations expend their funding on administering audits, inspections , reviews, evaluations, investigations, and training related to Recovery activities. Each month, the Inspectors General submit Financial Reports outlining the cumulative amounts of their expenditures.

Excel Inspector General Funding Data

 
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Funds To Be Spent

The funds spent and the expired funds as of December 31, 2012 were subtracted from the appropriation amounts to arrive at the total funds the Inspector General (IG) still had left to spend.

Because fraud investigations can take multiple years to complete and oversight work often begins in the final phases of a project, the President approved waivers for six IGs so they can continue to spend funds after the December 31, 2012 deadline specified in Dodd-Frank Act.

Excel Inspector General Funding Data

Bar chart showing all Recovery Funds to be Awarded, by Agency. See Contract, Grant, Loan and Entitlements Details spreadsheet for all data displayed in this chart.
Click image to enlarge
 
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Expired Funds

Bar chart showing all Recovery Funds that have expired, by Agency. See Contract, Grant, Loan and Entitlements Details spreadsheet for all data displayed in this chart.
Click image to enlarge

Congress set specific deadlines in the Recovery Act for Inspectors General to spend funds on oversight. Of the $98 billion appropriated, as of December 31, 2012, more than $492 million has expired — meaning the expenditures were not made within specified time frames.

The expired funds are kept on the Inspectors General's books for five years and are then returned to the Treasury. In addition to the deadlines in the Recovery Act, the Dodd-Frank Act also gave Inspectors General deadlines to spend the funds.

Excel Inspector General Funding Data

 
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