Keeping an eye on stimulus money

The Obama administration is working hard to keep track of stimulus funds given to agencies and recipients, Aliya Sternstein reports in nextgov.com.

The Recovery Accountability and Transparency Board, which is the watchdog over how stimulus spending is working, is collaborating with the Environmental Protection Agency to develop a software package that fund recipients can use to keep track of and report spending data to Recovery.gov.

The details of how to report this information and how Recovery.gov will keep track of it are still being worked out. But many organizations argue that it's important to keep track of this information to make sure the economic recovery plan is handled properly and that money is not wasted. Any kind of expenditure needs oversight especially this one that involves billions of dollars in federal money.

"Recovery.gov is a work in progress, said Ed Pound, the board's spokesman. "We are getting there, but we don't have all the answers yet. We are primarily working with EPA to implement a software package for reporting data. The technologies will result from the software we use."

For more on keeping track of stimulus dollars:
- check out this nextgov.com article