Is Monrovia Vulnerable to Fraud, Waste and Mismanagement?
The Los Angeles Times is reporting ( https://goo.gl/CV8TTt ) that Monrovia, along with five other California cities, are being kept under close watch by the California state auditor as being "vulnerable" to "fraud, waste and mismanagement." The story said the auditors looked at "key financial indicators" such as "a city's ability to respond to financial emergencies, pay short-term debts and meet its pension obligations."
Comment: Note that the article says "vulnerable," not "guilty of".
Update: Mayor Tom Adams responds - "[U]nfortunately the Times missed the part where the State finished their audit and basically let us off the list. Once again, Journalistic Integrity fail to tell the whole story."
Update 2: Chris Ziegler provides a link to the auditor's letter to the city: https://goo.gl/j4VE8T
- Brad Haugaard
Posted by Brad at 10/24/2016