Thursday, March 08, 2018

Military Times article on the Armed Forces Retirement Home, located due north of Bloomingdale & the Washington Hospital Center

Click on the link to read the entire Military Times article.

The Defense Department and former Armed Forces Retirement Home officials failed to conduct financial oversight of the home, contributing to the sharp decline in its finances, a DoD Inspector General report has confirmed.

The report, issued in February, echoes concerns of defense officials, who have taken steps over the last year to shore up the oversight and viability of the agency’s two homes including firing the previous boss. With campuses in Washington and Gulfport, Mississippi, the homes care for about 1,000 former enlisted members.

Auditors found that DoD and AFRH officials allowed the AFRH trust fund to decline from $186.5 million in fiscal 2010 to $55 million in fiscal 2016. It would have declined even more in 2016 if $20 million in taxpayer dollars hadn’t been transferred into the fund. For at least the near future, the agency will need an annual infusion of at least $20 million in taxpayer dollars to meet its operating expenses.

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