DOD and HUD $21 Trillion Missing Money: Report & Supporting Documentation No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time. ~ Article I, Section 9, Clause 7, U.S. Constitution September 2017 Report Solari Report: Interview with Dr. Mark Skidmore, Thursday, September 28, Summary Report on Unsupported Journal Voucher Adjustments in the Financial Statements of the Office of the Inspector General for the Department of Defense and the Department of Housing and Urban Development. Dr. Mark Skidmore Mark is professor of economics and agricultural, food and resource economics at Michigan State University, where he holds the Morris Chair in State and Local Government Finance and Policy. He received his doctorate in economics from the The Missing Money University of Colorado in 1994, and his bachelors degree in economics from the University of Washington in 1987. Mark is Co-editor of the Journal of Urban Affairs. His website is Lighthouse Economics at https://mark-skidmore.com/ Catherine Austin Fitts Catherine is the president of Solari, Inc., publisher of the Solari Report, and managing member of Solari Investment Advisory Services, LLC. She served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the US Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc. Her experience on Wall Street and Washington is described in her book Dillon Read & Co. & the Aristocracy of Stock Profits. Catherine graduated from the University of Pennsylvania (BA), the Wharton School (MBA). Update October 5, 2017 On October 5, 2017 we discovered that the link to the report Army General Fund Adjustments Not Adequately Documented or Supported had been disabled. Within a several days, the links to other OIG documents we identified in our search were also disabled. The sequential non-random nature of this disabling process suggests a purposeful decision on the part of OIG to make key documents unavailable to the public via the website, as opposed to website reorganization, etc. We also revisited the website intermittently to see whether the documents had been reposted under different URLsuntil very recently they had not been Update December 11, 2017 On December 11, 2017, we learned that key documents had been reposted on the OIG website, but with different URLs. Documents now appear to be reposted on new URLs. As we find the new URLs we are adding them in the footnotes entitled new link next to the original link. Update December 12, 2017 Subsequent to the publication of Dr. Skidmores report, the Office of the Inspector General at the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD) took reports off line, consequently our primary links in the table below are to the same documents posted on our website. We have preserved the original DOD and HUD links in the footnotes if they result in a 404 error or not found message, this indicates they were taken down or moved subsequent to publication. Update June 6, 2018 Update on the $21 Trillion in Unsupported Adjustments at the Department of Housing and Urban Development and the Department of Defense Update September 18, 2018 Early this year the Pentagon announced that it was conducting its first ever independent audit. However, several months after beginning the audit, the government accepted the recommendations of the Federal Accounting Standards Board: https://fas.org/sgp/news/2018/07/fasab-review.pdf (see page 3 for a summary). The statement allows government officials to misstate and move funds around to hide expenditures if it is deemed necessary for national security purposes, and the rule applies to all agencies, not just the black budget. Here is an excerpt from the report: This Statement permits modifications that do not affect net results of operations or net position. In addition, this Statement allows a component reporting entity to be excluded from one reporting entity and consolidated into another reporting entity, and the effect of the modification may change the net results of operations and/or net position. From this statement, it seems that only a few people with high level security clearances have the authority to determine what is a national security issue and these same people will now be allowed to restate financial reports to hide activity. No one but those few people would ever know that expenditures on activity A are hidden in completely different area of government. What good is an independent audit if authorities are allowed to move expenditures around with no transparency? How can one conduct evaluation of the any portion of the federal budget under such an arrangement? How is this policy in compliance with financial reporting laws or Constitutional requirements for reporting on government spending to the citizens of the United States? Update December 12, 2018 On October 4, 2018 federal government officials accepted the recommendation of the Federal Accounting Standards Advisory Board (FASAB) that the government be allowed to misstate and move funds in order to hide expenditures if it is deemed necessary for national security purposes. The new guidelines are to apply to all agencies, not just the black budget. See page 3 of the July 2018 FASAB report for a summary of the proposed recommendations and see here for more detail. See here for the final statement Statement of Federal Financial Accounting Standards 56. With the change in accounting guidelines, which is a full departure from Generally Accepted Accounting Principles (GAAP), only a few people with high level security clearances have the authority to determine what is deemed a national security issue and these same people will now be allowed to restate financial reports in order to conceal actual expenditures without any disclosure. No one but those few people would know that such modifications were made, thus making evaluation of government financial statements impossible. From this point forward, the federal government will keep two sets of books, one modified book for the public and one true book that is hidden. The FASAB recommendation effectively institutionalizes non-transparency in federal financial reporting. While many aspects of federal finances are non- transparent now because government has failed to comply with existing financial reporting laws, at least citizens had the laws working in their favor. Now citizens have no recourse; non-transparency is going to proceed as a matter of executive branch authority and policy. Accounting rules are often thought of as boring and of secondary importance. However, this particular change has enormous implications and yet few citizens are aware. People should know about these changes so they have an opportunity to voice their concerns and reverse the decision. Update February 8, 2019 Dr. Skidmore prepared a new report on the U.S. Federal debt with Catherines input it includes updates and new information subsequent to the 2018 updates to the original report and so is linked here: Should We Care about Secrecy in Financial Reporting? Update May 2020 For the May 2020 update see here. Update August 2020 For the August 2020 update see here. Supporting DOD and HUD Documentation YearDODGovernment Source Document 2018UnspecifiedSee Here 2017UnspecifiedSee All Pages (#s 100% Redacted) 2016UnspecifiedSee Page #78 2015UnspecifiedSee Page #83, See Page #59, 78 2014UnspecifiedSee Page #59, 79 2013UnspecifiedSee Page #81, #101 2012UnspecifiedSee Page #84, #104 2011UnspecifiedSee Page #73 2010UnspecifiedSee Page #8, #9 2009UnspecifiedSee Page #28 2008UnspecifiedSee Page #49 2007UnspecifiedSee Page #46 2006UnspecifiedSee Page #178 2005UnspecifiedSee Page #18, #50, #296 2004UnspecifiedSee Page #19 2003UnspecifiedSee Page #2 2002UnspecifiedSee Page #2 2001UnspecifiedSee Page #2 $1.1 trillion (includes $320.8 billion from Air Force) See Page #1 See Page #147 1999$2.3 trillionSee Page #9 1998$1.7 trillionSee Page #5 YearDOD ArmyGovernment Source Document 2015$6.5 trillionSee Page #1 2012$110.9 billionSee Page #91 2011$14.6 billionSee Page #100 2010$874.8 billionSee Page #4 2009$311.3 billionSee Page #88 2008$595.8 billionSee Page #91 2007$1.1 trillionSee Page #5 2006$270.1 billionSee Page #107 2004$258.1 billionSee Page #125 2003$268.3 billionSee Page #191 2002$500.1 billionSee Page #232 2000$361.5 billionSee Page #168 YearDOD NavyGovernment Source Document 2000$161.6 billionSee Page #4 1998$880 billionSee Page #1 YearDOD Air ForceGovernment Source Document 2015$90.2 billionSee Page #8 2012$1.6 trillionSee Page #4 2009$1.4 trillionSee Page #8 2003UnspecifiedSee Page #41 2002UnspecifiedSee Page #150 2001UnspecifiedSee Page #70 2000$320 billionSee Page #147 YearHUDGovernment Source Document 2015$278.5 billionSee Page #4 2014$1.9 billionSee Page #5 1999$59.6 billionSee Page #4 1998$17.6 billionSee Page #4 Related Reading: $4 Trillion + Missing Money: Whats the Action? The Financial Coup dtat & Missing Money: Links The Financial Coup & Missing Money: Quotes DOD Inspector General SemiAnnual Report to Congress: 10/1/16-3/31/17 FOIA Request FOIA Request Response to FOIA Request Original Sources: Note: On December 11, 2017 we learned that the key documents had been reposted on the OIG website, but with different URLs. On October 5, 2017 we discovered that the link to the report Army General Fund Adjustments Not Adequately Documented or Supported had been disabled. Within a several days, the links to other OIG documents we identified in our search were also disabled. The sequential non-random nature of this disabling process suggests a purposeful decision on the part of OIG to make key documents unavailable to the public via the website, as opposed to website reorganization, etc. We also revisited the website intermittently to see whether the documents had been reposted under different URLsuntil very recently they had not been reposted. Documents now appear to be reposted on new URLS. As we find the new URLS we are adding them in the footnotes below. Old Link: 1. 2015 Semiannual Report to Congress, DOD Click here for (New Link) Old Link: 2. 2014 Agency Financial Report, DOD Click here for (New Link) Old Link: 3. 2013 Agency Financial Report, DOD Click here for (New Link) Old Link: 4. 2012 Agency Financial Report, DOD Click here for (New Link) Old Link: 5. 2011 Agency Financial Report, DOD Click here for (New Link) Old Link: 6. 2010 Testimony of the Deputy Inspector General, DOD Click here for (New Link) Old Link: 7. 2009 Agency Financial Report, DOD Click here for (New Link) Old Link: 8. 2008 Agency Financial Report, DOD Click here for (New Link) Old Link: 9. 2007 Agency Financial Report, DOD Click here for (New Link) Old Link: 10. 2006 Performance and Accountability Report, DOD Click here for (New Link) Old Link: 11. 2005 Performance and Accountability Report, DOD Click here for (New Link) Old Link: 12. 2004 Performance and Accountability Report, DOD Click here for (New Link) Old Link: 13. 2003 Performance and Accountability Report, DOD Click here for (New Link) 14. 2002 Testimony from the Office of the Inspector General, DOD 15. 2001 Agency Financial Report, DOD Old Link: 16. 2000 Testimony of the Inspector General, DOD Click here for (New Link) Old Link: 17. 1999 Testimony of the Inspector General, DOD Click here for (New Link) Old Link: 18. 1998 Testimony of the Inspector General, DOD Click here for (New Link) Old Link: 19. 2017 Testimony of David A. Montoya, Inspector General, HUD Click here for (New Link) Old Link: 20. 2016 Testimony of David A. Montoya, Inspector General, HUD Click here for (New Link) 21. 2002 Statement of Kenneth M. Donohue, Inspector General, HUD 22. 1999 Statement of Susan Gaffney, Inspector General, HUD 23. http://www.gao.gov/assets/670/668739.pdf Old Link: 24. Army General Fund Adjustments Not Adequately Documented or Supported Click here for (New 25. 2012 United States Army Annual Financial Statement, DOD 26. 2011 United States Army Annual Financial Statement, DOD 27. 2010 United States Army Annual Financial Statement, DOD 28. 2009 United States Army Annual Financial Statement, DOD 29. 2008 United States Army Annual Financial Statement, DOD 30. 2006 United States Army Annual Financial Statement, DOD 31. 2005 United States Army Annual Financial Statement, DOD 32. 2004 United States Army Annual Financial Statement, DOD 33. 2003 United States Army Annual Financial Statement, DOD 34. 2002 United States Army Annual Financial Statement, DOD 35. 2000 United States Army Annual Financial Statement, DOD 36. 2000 United States Air Force Annual Financial Statements, Secretary of Defense Old Link: 37. 2015 Semiannual Report to Congress, Office of the Inspector General, DOD Click here for (New 38. 2015 Agency Financial Report, Financial Section, DOD 39. Agency Financial Report, Financial Section, DOD Old Link: 40. Defense Departmental Reporting System-Budgetary Was Not Effectively Implemented for the Army General Fund, DOD Click here for (New Link) Old Link: 41. Internal Controls over FY 2007 Army Adjusting Journal Vouchers, Office of Inspector General, DOD Click here for (New Link) Old Link: 42. Navy General Fund Audit Report, Office of Inspector General, DOD Click here for (New Link) Old Link: 43. Navy General Fund Financial Statements Click here for (New Link) Old Link: 44. Followup Audit: Additional Actions Needed to Effectively Provide Complete Audit Trails for Air Force Journal Vouchers (New Link) Old Link: 45. Deficiencies in Journal Vouchers That Affected the FY 2009 Air Force General Fund Statement of Budgetary Resources, Office of Inspector General, DOD Click here for (New Link) 46. FY 2003 United States Air Force Annual Financial Statements, Secretary of Defense 47. FY 2002 United States Air Force Annual Financial Statements, Secretary of Defense 48. FY 2001 United States Air Force Annual Financial Statements, Secretary of Defense Copyright 2025 Solari, Inc. All Rights Reserved UAP Document Archive Playwright Render SOURCE URL https://missingmoney.solari.com/dod-and-hud-missing-money-supporting-documentation/ missingmoney.solari.com CONTEXT FROM ORIGINAL DOCUMENT UAP Archiver Full Fidelity Mode www.ufoscans.com