Audit: Missouri agencies rushed to spend their budgets

Wednesday, June 6, 2012 | 11:00 a.m. CDT; updated 2:34 p.m. CDT, Wednesday, June 6, 2012

JEFFERSON CITY — Missouri Auditor Tom Schweich said some agencies rushed to spend money near the end of the budget year.

Schweich released a report Wednesday that examined the end-of-year spending by five state agencies during the 2010 and 2011 budget years.

The auditor said he did not find waste or fraudulent spending. But he said there were instances when agencies stockpiled inventories of stamps or bought items like handheld radio phones or computer systems that were not needed until later.

Schweich said that by purchasing the items at the end of the fiscal year, the agencies were able to avoid "lapsing" the money, which would put it back into a general revenue pool to be spent by the state in the next year.

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