<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>A shocking report is blowing the lid on where </span><a href="https://www.9news.com.au/government" rel="" target="" title="government"><span>government</span></a><span> funding, meant for vulnerable </span><a href="https://www.9news.com.au/queensland" rel="" target="" title="Queensland"><span>Queensland</span></a><span> children, is really being spent.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It's costing Queenslanders millions every year and is at the detriment of more than 2300 vulnerable kids across the state.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The damning report from KPMG was commissioned by the Child Safety Inquiry and revealed some providers have been operating without proper oversight or regulation from the government.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/cloverdale-crash-young-woman-suffers-head-injuries-after-falling-off-car-bonnet/719ea358-ab83-40ff-afb1-eaa287e17c42"><strong><span>Teen suffers head injuries after falling off car bonnet</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The cost of residential care has exploded from $200 million to $1.1 billion over the past decade.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Without reform that's expected to balloon even further, to $7 billion by 2030.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Some company CEOs were found to be paying themselves excessive salaries, some between $400,000 to $679,000 a year.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/queensland-child-safety-commission-of-inquiry-shocking-report-released/bd979b80-8f3c-4a27-a1cf-6586ead3443c" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In one instance, a top executive took home 21 per cent of the overall revenue, with all the money coming from the government.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Instead of funding vital care for children, the report found one provider spent $340,000 on luxury items including $242,000 on gold, $100,000 on cryptocurrency and two Mercedes Benz cars.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It's just beggars belief how that can happen," child protection reformist Hetty Johnston told 9News.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"What we want now is action. What we don't want now is just to wait for another set of inquiry, recommendations to come down and then wait for the government to respond."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>What's shocking is that 68 per cent of operators are unlicenced and one of those organisations received nearly $34 million in funding last financial year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>These findings will now play a vital role in the final two weeks of the Child Safety Commission of Inquiry , starting on Tuesday.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Recommendations will be handed down on May 22.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><strong><span>NEVER MISS A STORY:</span></strong></em><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><em><strong><span>Download the 9NEWS App here via</span></strong></em><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="" title=""><em><strong><span>Apple</span></strong></em></a><span> </span><em><strong><span>and</span></strong></em><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="" title=""><em><strong><span>Google Play</span></strong></em></a></li><li><em><strong><span>Make 9News your preferred source on Google by</span></strong></em><span> </span><a href="https://9.nine.com.au/8x987w" target="" title=""><em><strong><span>ticking this box here</span></strong></em></a></li><li><em><strong><span>Sign up to</span></strong></em><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="" title=""><em><strong><span>our breaking newsletter here</span></strong></em></a></li></ul></div></div>