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NASA's Finances Are Still A Mess

By Keith Cowing on November 28, 2005 4:51 PM

NASA OIG: NASA's Most Serious Management and Performance Challenges

"The NASA Administrator testified on November 3, 2005, before the House Science Committee concerning a $3 billion to $5 billion shortfall in funding the Shuttle through 2010. Such a shortfall could also impact NASA's ability to meet its accelerated timeframe for the CEV and to meet ISS requirements. These budgetary pressures may not only impact the ability to execute programs within desired timeframes, but may also impact the Agency's ability to retain the technically competent workforce necessary for efficient transition to the new generation of vehicles."

NASA OIG: Audit of National Aeronautics and Space Administration's Fiscal Year 2005 Financial Statements

"In the enclosed Report of Independent Auditors, E&Y disclaimed an opinion on NASA's financial statements for the fiscal year ended September 30, 2005. The disclaimer resulted from NASA's inability to provide E&Y auditable financial statements and sufficient evidence to support the financial stements throughout the fiscal year and at year-end."

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