WASHINGTON, Sept. 1, 2011 /PRNewswire-USNewswire/ -- Recovery Board Chairman Earl E. Devaney, in the third in a series of columns on lessons learned during the Recovery program, says recipients are reporting their spending data "with a high degree of accuracy."
In his Chairman's Corner column posted on Recovery.gov, Devaney said initially, the reporting process had "a few bumps" as recipients struggled to fill out their reports. But after eight reporting periods, he said, the "vast majority" of recipients are submitting accurate reports on how they are using the stimulus money they have received.
"By in large, they have demonstrated that they are committed to doing things correctly," Devaney wrote.
Also, he said, the Recovery program has shown that the spending data can be reviewed for quality quickly and displayed in various ways to achieve "extraordinary transparency."
"Taxpayers, of course, are the winners," Devaney said. "In the normal course of business, government bureaucrats comb through spending data for many months before making it public. But in the Recovery program, taxpayers are getting real-time data directly from recipients. Under OMB guidance, we cannot change the data in any way. What you see on Recovery.gov is precisely what recipients submit to the Board."
SOURCE Recovery Accountability and Transparency Board