Rocky Mountain Voice

Tag: Audit Findings

Federal audit finds housing benefits paid to 221 deceased recipients in Colorado
New York Post, Approved, State

Federal audit finds housing benefits paid to 221 deceased recipients in Colorado

By Ryan King | New York Post The Department of Housing and Urban Development (HUD) is investigating whether Colorado providers helped nearly 3,000 people swindle taxpayer money from Uncle Sam, The Post has learned. The investigation comes after an internal HUD audit found that benefits were granted to 221 dead people, while another 87 were otherwise ineligible. The department also said that another 2,519 beneficiaries will need to undergo additional verification. “From deceased tenants to individuals receiving HUD housing benefits who were never supposed to, the Department has questions for HUD-supported housing providers in Colorado, and we expect prompt answers and enforcement action,” a HUD spokesperson told The Post. READ THE FULL STORY AT T...
Audit Raises Questions Over DPS Debt Practices As Taxpayers Foot the Bill
The Denver Gazette, Approved, Local

Audit Raises Questions Over DPS Debt Practices As Taxpayers Foot the Bill

By Nico Brambila | The Denver Gazette Denver Public Schools is operating with a negative net position — owing more in long-term obligations than it holds in assets — a rare and troubling financial posture for a major Colorado school district, according to an audit. Presented on Thursday, the audit for fiscal year 2024–25, which ended June 30, showed the district is carrying $4.07 billion in long-term liabilities. (For context, the district budget last fiscal year was about $1.5 billion.) Total assets remained lower, even after the district added nearly $1 billion in unspent 2024 bond proceeds to its books — cash voters approved a year ago that had not yet been put to use. As those bond dollars are spent, the cash asset will disappear, while the long-term debt remains,...

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