Skip to comments.Colorado Energy Office Canít Account for $252 Million In Last Six Years
Posted on 01/30/2013 12:38:43 PM PST by george76
A 2012 performance review of the The Colorado Energy Office (CEO) revealed several disturbing findings by the State Auditor last month, which included a non-existent accounting system for CEOs 34 programs, a runaway budget, and staff who had no knowledge of program goals or standards. The forty-eight page report was was dated December 18, 2012 and included background information on the CEO, key facts and findings, the State Auditor concerns, and recommendations for the CEO moving forward.
The CEO was established via executive order in 1977 as the Office of Energy Conservation. Last year, House Bill 12-1315 changed CEOs overall mission from promoting renewable energy and energy efficiency to promoting all sources of energy development and earmarked state funding for CEO through Fiscal Year 2017. The CEO now administers various federal and state energy programs, advises stakeholders on energy-related policy and legislation, and promotes energy market development.
Since 2007, CEOs expenditure numbers grew exponentially from $22.1 million to $84.6 million in 2011. The CEO was awarded $144 million in Recovery Act funds in Fiscal Years 2009 through 2012, an almost 250 percent increase over CEOs previous funding levels.
State legislators reacted strongly to the release of the audit report and many more demanded action be taken. Owen Hill, the freshman Republican Senator from Colorado Springs, was one of the legislators taken aback by the State Auditors facts and findings.
Hill, who holds an advanced degree in Economics and has a background as a non-profit CFO and financial executive, remarked, I would be in jail if I did this as a CFO. This makes Enron look like good accounting.
(Excerpt) Read more at colorado.mediatrackers.org ...
Look at the CEO and staff’s local and foriegn bank accounts.
Just a thought.
Yes, I did spell foreign wrong.Sorry.
WHAT DIFFERENCE DOES IT MAKE?
What do you expect to happen when you create government agencies as a race-based spoils system for Eric Holder's people?
This is just reparations, you racist crackers!
I’ve always wondered what happened to the former traders of Enron.
No biggie; just a money laundry for the DNC and Obummer Pacs.
Yep, if you mark Caucasian on an application for utility or government jobs, well, good luck, it’s tossed in the waste bin, women and minorities need only apply! Affirmative action: punishing white males since 1961.