University Pays for Mismanagement

October 18, 1996
THE DAILY FED

University Pays for Mismanagement

The University of California has agreed to pay the U.S. government $2.7 million for mismanaging federal funds at Lawrence Livermore National Laboratory, Reuters reports today.

An investigation found that a division of Lawrence Livermore's Applied Technology program had charged more than $1 million in costs to the wrong project sponsors and had shifted funds between project accounts without authorization. Lawrence Livermore officials said that no employee had embezzled money.

The University of California, which ranks 11th among all federal contractors in Government Executive's latest Top 200 Federal Contractors rankings, manages Lawrence Livermore under a contract with the Energy Department. The laboratory is one of two in the United States that maintains nuclear weapons.

The university agreed to pay the $2.7 million to avoid a potential federal lawsuit. Lawrence Livermore said it has reviewed and strengthened its accounting practices and established additional oversight at the lab.

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

When you download a report, your information may be shared with the underwriters of that document.