main menu page title feature menus content footer
My Florida C F O

CFO's Initiatives

Stay Connected

Follow the
Department of
Financial Services








 

Sign up for the CFO's
weekly newsletter!

Press Release

News   RSS RSS   Press Office   Archive

CFO Alex Sink Launches Deepwater Horizon Financial Accountability Webpage

6/11/2010

CONTACT: Kevin Cate 850-413-2842

TALLAHASSEE- Florida CFO Alex Sink today launched a webpage allowing Floridians to track state expenditures in response to the Deepwater Horizon oil spill, and to provide transparency in how BP grant dollars are distributed to Florida counties to reimburse their costs in responding to the oil spill. The webpage is linked from CFO Sink’s “Florida’s Checkbook” webpage: http://www.myfloridacfo.com/transparency.

“Both the scope and cost of this environmental and economic disaster continue to devastate Florida, and the responsibility belongs to BP," CFO Sink said.  "It's important that BP is held accountable for fixing this mess, and that state and local governments are transparent in how they track cleanup funds so that BP pays every penny of what they owe.”

The Deepwater Horizon Financial Accountability webpage is updated nightly. The financial data shown is representative of what Florida's state agencies have received/spent in relation to the Deepwater Horizon oil spill. Any monies received/spent by non-state agencies are not reflected. "State Operation Expenditures" represent costs incurred by state agencies in providing assistance for the oil spill that may not yet have been reimbursed. "BP Grant Dollar Disbursements" represent payments made to non-state agencies for protection and promotional services.

CFO Sink unveiled Florida’s Checkbook last year to increase transparency and accountability for government spending. In addition to the new Deepwater Horizon Financial Accountability tracker, citizens are able to view information such as financial reports, fund balances, state and local receipts and disbursements, and Department contracts in an ongoing effort to increase accountability and openness when it comes to how Floridians’ tax dollars are being spent.
 
For more information on CFO Sink’s actions regarding the Deepwater Horizon oil spill, visit: http://www.myfloridacfo.com/OilSpill.  
 
As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services.  A successful business leader with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO.  CFO Sink's priorities include using her business experience to cut wasteful spending, holding government accountable to Florida’s taxpayers, and cracking down on financial and insurance fraud.