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Pentagon agency lost track of $800m for construction

Staff Writer |
An agency within the Pentagon lost track of more than $800 million, according to an internal audit revealed.

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The Pentagon's Defense Logistics Agency failed to document hundreds of millions of dollars' worth in construction projects and equipment expenses over the fiscal year that ended Sept. 30, 2016, according to the audit, which was conducted by Ernst & Young and first reported by Politico.

Misreported numbers for U.S. Army Corps of Engineers projects totaled at least $465 million, according to the audit. Another $384 million was categorized as "in progress" or lacked any documentation.

In a statement to CNN, a spokesman for DLA said the agency "concurs" with the findings and the agency's "failure to properly account for and track funding to specific construction projects."

"As part of DLA's responsibility to achieve audit compliance, DLA has already taken steps to correct this shortcoming.

"As stewards of the American taxpayer's dollars, our goal is to make significant progress towards compliance during the FY 2018 audit cycle," the statement said.

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