Does Wendy Know What An Audit Is?

Wendy Greuel questioned whether mayoral candidate Eric Garcetti knew what an audit was.

One can certainly turn that question around based on the recent discovery of $42 million in special transportation funds that should have been transferred to the general fund. The amount accumulated over 17 years and should have been detected by routine audits.

Greuel claims she had warned the City Council about accountability of special revenue funds. Well, if she had suspicions, why didn’t the $42 million show up on her list of waste, fraud and abuse? It would have dwarfed all but one of the items – almost all of which are figments of her imagination.

The answer is obvious – Greuel flunked auditing 101.

I don’t think we want her managing the city’s budget.

(Paul Hatfield is a writer for Village to Village.)

-cw

CityWatch

5-13-13