October 17, 2018

fiscal management can get lost in there

City of Los Angeles Blames Technology, Retired Auditors for Missing $43 Million

Officials in cash-strapped Los Angeles have uncovered almost $43 million that was just sitting in a Department of Transportation account unbeknownst to the city, prompting them to wonder if there's more magic money stashed away: The discovery of $42.6 million will be a welcome one-time infusion into next year's budget, officials said, but has left […]