This part of a sentence is correct and usable in written English.
You can use it to indicate that something is an unwise use of money or resources. For example, "The purchase of the luxury yacht with company funds was seen as a waste of funds."
Conservatives want us to believe that walkable neighborhoods are a hippie dream, and public transit is a waste of funds.
An arts programme is not a waste of funds; it's how a young man finds a way to express himself.
The judge said shareholders did not prove that the provision was a waste of funds and that Disney received nothing of value even though the severance package might be the largest ever paid to a United States executive.
Back in the 1960s, was Head Start a "waste of funds," as often alleged, because it was a poor idea (this was the conventional view) or because it was implemented at the operating level by inadequately skilled people (an alternative view)?
Long decried as a waste of funds and a blemish on the city's art scene, an outdated 1980s South Korean law mandates that every new skyscraper has to commission a work of public art, giving rise to haphazard, second-thought sculptures.
So it is a sad story to me… It's a waste of funds and all that, just training them and leaving them like that".
Although initially successful, MAC was criticized by politicians and newspaper editors who felt it was a waste of funding in a state that was growing increasingly industrial.
The latter would be a waste of funding, effort and time.
While few of the measures Republicans sought would cut spending -- in the case of funds used by Planned Parenthood, it would simply move them -- Republicans repeatedly said supporting family planning groups was a waste of taxpayer funds.
We also question whether the subsidies, which are estimated to be at least $70 million, constitute a waste of taxpayer funds".
Mr. Geithner continues to receive intense criticism from Republicans who have called the bailout he engineered a waste of government funds.
