US flag signifying that this is a United States Federal Government website Official website of the Department of Homeland Security

FEMA Should Recover $2.4 Million in Investment Gains Pennsylvania Improperly Earned on Federal Disaster Funds

Executive Summary

We determined that Pennsylvania did not comply with Federal regulations.  Since 2005 Pennsylvania has returned to compliance.  However, it has not remitted earnings on drawdowns held as investments.  We recommended that FEMA collect $2,430,541 from Pennsylvania in investment earnings on disaster assistance funds.  FEMA Region III concurred with the two recommendations in the report.

Report Number
OIG-17-07-D
Issue Date
Document File
DHS Agency
Oversight Area
Keywords
Fiscal Year
2017

Would you like to take a brief survey regarding our site?