The directors were blasted at the committee hearing for their improvident [ɪmˈprɑvɪdənt] use of public money.

improvident
adj [ɪmˈprɑvɪdənt]

Improvident is a formal word used to describe something that does not foresee or provide for the future, especially with regard to money. An improvident relationship, habit, or practice is financially unwise or impractical.

English