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NASA's finances in disarray; auditor quits
MSNBC/Reuters ^ | May 14, 2004 | Arindam Nag & Deborah Zaberenko

Posted on 05/14/2004 12:24:16 PM PDT by Paul Ross

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To: snopercod; BFM; anniegetyourgun

8 - "Somebody should tell NASA about QuickBooks."

Back in the late 80's, my brother had been with NASA-KSC for over 10 years and got promoted to head of Robotics at KSC.

One of his jobs was to develop a robotic water proofing system for the tiles, and he was 'given' several million dollar authorization to make grants to college robotics programs to develop. The only trouble was, they just gave him authorization, and no money.

In trying to get the money together, he found out something very interteresting - NASA had no accounting system. None. They just doled out money from their annual congressional appropriation.

He found a myriad of smaller accounting systems for different projects and different offices and centers, but NO central accounting system. The closest he found was a ledger sheet in a clerks office in NASA HQ.


21 posted on 05/14/2004 5:37:55 PM PDT by XBob
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