Skip to comments.Major Flaws in New $70M Minn. Gov't Accounting System
Posted on 07/17/2013 8:12:58 PM PDT by TurboZamboni
There are major flaws in the state's new $70 million accounting system known as "S.W.I.F.T."
That is the assessment of the top auditor of Minnesota State Government. Legislative Auditor James Nobles tells 5 EYEWITNESS NEWS that the accounting system created serious delays in getting financial reports put together.
Nobles says Minnesota missed its deadline and violated federal law when it did not get its final audits of all state agencies submitted to the Federal Government on time.
Nobles says he is concerned that the accounting system problems are persisting even though "we have had several years to prepare for this new accounting system and spent tens of millions of dollars and it is not working adequately."
Nobles admits it is hard to have full confidence in the system and it is hard to know if the $16 billion the state spent in 2012 is adequately accounted for in the final report.
(Excerpt) Read more at kstp.com ...
Why is the Federal Government collecting audits of state agencies?
Seems like most big state government IT projects flush tens or hundreds of millions of dollars and are then cancelled. I don’t think any of them work out.