Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SEBI allows intraday borrowing by mutual funds to manage redemption payouts
    • SEBI sets rules for mutual fund intraday borrowing, shields investors from costs
    • Sebi issues guidelines for mutual funds on intraday borrowing
    • Best flexi cap mutual funds to invest in March 2026
    • 4 Top-Performing Multisector Bond Funds
    • Global equity funds see highest outflows since December on oil shock fears
    • 5 High-Yield Investments That Are Considered Safe
    • Comparing Impacts on ETFs from Ukraine and Iran Conflicts
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Monroe County responds to audit on misuse of COVID relief funds, plans to add more checks and balances
    Funds

    Monroe County responds to audit on misuse of COVID relief funds, plans to add more checks and balances

    October 20, 2024


    Monroe County responds to audit on mismanagement of COVID relief money

    MONROE COUNTY, N.Y. — The results are in on Monroe County’s audit on misuse of COVID relief funds by the Community Resource Collective.

    The audit uncovered numerous instances of waste, fraud and abuse.

    County Executive Adam Bello says programs that misused American Recovery Plan Act (ARPA) funds have been paused pending further investigation, and the county will follow through on recommendations from the audit.

    These include adding more staff to the rescue team plan; working with financial professionals to calculate costs more accurately; and increasing the budget for audit services.

    Bello also wants to add more checks and balances to protect county resources.

    “It is difficult to create a bulletproof system that will prevent people who intend on defrauding a system at the outset of a program from doing that. But what we can do is catch it quickly and hold those people accountable,” Bello said Friday.

    The county also is preparing to make changes after a program designed to distribute ARPA funding mismanaged more than $200,000. The Neighborhood Collaborative Project was supposed to give out $7 million over several years. It ended up distributing less than $1 million of that.

    Bello says the NCP was shut down when the audit process begin earlier this year.

    Now, the county will add staff to the rescue plan team — and will continue to work with an exchange group to ensure costs are calculated correctly.

    “To anyone thinking they can get away with defrauding Monroe County taxpayers, we will never stop in our efforts to uncover waste, fraud and abuse. … We will not let the intentions of a few bad actors jeopardize the progress that we are making in our commitment to help those who need it the most,” Bello said.

    The rest of the money will go to other programs already approved by the county Legislature.

      For Related Stories: ARPA  Neighborhood Collaborative Project  Adam Bello  COVID-19



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    4 Top-Performing Multisector Bond Funds

    March 13, 2026

    Global equity funds see highest outflows since December on oil shock fears

    March 13, 2026

    Arbitrage funds: Investors in higher tax bracket may invest for 6-12 months | Personal Finance

    March 13, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    Mutual Funds

    SEBI allows intraday borrowing by mutual funds to manage redemption payouts

    March 14, 2026

    The Securities and Exchange Board of India (SEBI) has allowed mutual funds to undertake intraday…

    SEBI sets rules for mutual fund intraday borrowing, shields investors from costs

    March 13, 2026

    Sebi issues guidelines for mutual funds on intraday borrowing

    March 13, 2026

    Best flexi cap mutual funds to invest in March 2026

    March 13, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Futures-Based SOL and XRP ETFs Surpass $1B Inflows as Spot ETF Approval Hopes Grow In October

    August 11, 2025

    Lubbock City Council Calls $103 Million Streets Bond Election — The Amarillo Pioneer

    August 15, 2024

    Jim Chalmers in talks with pension funds over potential changes

    August 7, 2025
    Our Picks

    SEBI allows intraday borrowing by mutual funds to manage redemption payouts

    March 14, 2026

    SEBI sets rules for mutual fund intraday borrowing, shields investors from costs

    March 13, 2026

    Sebi issues guidelines for mutual funds on intraday borrowing

    March 13, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.