Page 24 - Material Weakness News Today

Investigations, we did audits, and some folks even went to prison, as you know, because of that work. And, so, im all for financial responsibility, fiscal management. What i am having a hard time understanding is specifically what is it financially speaking, in terms of fiscal management, what is it that city college is not doing . I have yet to hear a clear articulation on that. applause and, so, i could have told you what was wrong with the School District before, right . I could have told you...

Financial statements of hss, mta, puc, and sfo. We will also be issuing a single audit report for mta, a tda compliance letter for mta. Various agreed upon procedure reports, various public compliance reports for mta, report on [inaudible]. And also a single audit report for sfo. I did want to highlight on this slide that in the prior years single audit report, there was one finding in relation to noncompliance with the davis beacon requirement with respect to the timeliness of submission of wee...

Auditors, and the Successor Agency to the Redevelopment Agency was actually found to have a Material Weakness, which is as high a noncompliance of the audit as it gets. And it had to do, by the way, Material Weakness around finances. And, you know, what i im not happy that that happened, but instead of saying, lets close down the Successor Agency, i would simply say, lets figure out how we make it better, which was actually what we were trying to do here. applause and, so, i am not going to just...

Mta, puc, and sfo. We will also be issuing a single audit report for mta, a tda compliance letter for mta. Various agreed upon procedure reports, various public compliance reports for mta, report on [inaudible]. And also a single audit report for sfo. I did want to highlight on this slide that in the prior years single audit report, there was one finding in relation to noncompliance with the davis beacon requirement with respect to the timeliness of submission of weekly certified payroll reports...

Agency was actually found to have a Material Weakness, which is as high a noncompliance of the audit as it gets. And it had to do, by the way, Material Weakness around finances. And, you know, what i im not happy that that happened, but instead of saying, lets close down the successor agency, i would simply say, lets figure out how we make it better, which was actually what we were trying to do here. applause and, so, i am not going to justify any fiscal financial mismanagement by anyone, but i ...

I think that to the issue of water consumption and hydration, i think that a lot of the communitybased organizations that work with youth, they should be, i think, you know, involved in this in this effort. You know, the great thing about puc is they have a very Robust Community engagement history and practice. So, i know that theyre among the best in terms of doing that. But i think that you have a real opportunity, a lot of groups out there that can be allies in this effort. Thank you. Supervi...

Those things havent been addressed. And as the standards rise and things need to be met differently and the population changes and we have more students at the college, all of those things, you know, tighter structures are all thing i think we would all want in place. You know, San Francisco unified is a much better place for it. And were seeing now the School District actually is very focused on student achievement and youre starting to see those improvements. But we had to make some really har...

Have eurozone unemployment ticking higher slightly. A mixed bag there. Little change overall in europe. Our road map this morning starts with what else . The fiscal cliff. The president heads to a pennsylvania toy factory pressing his case for a proposal that actually leaked last night seeking 1. 6 trillion in tax hikes. Republicans in morning balking and cliff fears prompt another company to issue a dividend and its whole foods. Owner of taco bell, kfc, have warned that sales hit the skids. The...

Good morning and welcome to march. Stocks try to finish the week with a climbing to record highs after, oh, a brief weakness yesterday into the close. The sequester deadline finally arrives with no compromise in sight. Plus, in Corporate News, groupon out. Its ceo and in an unusual cliff, wait until you hear the email that andrew mason sent to employees announcing his own firing. Ill ask ben white if politico got this email, too. Its friday, march 1st, 2013. Squawk box begins right now. Good mor...

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