Page 47 - Material Weakness News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 that it was because there what false information reported to the federal government on some grant a...

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 weekly certified payroll reports. We do anticipate adding this to our current year schedule. Well be lo...

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 justify any fiscal financial mismanagement by anyone, but i do want to make sure that i know what it is ...

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. We do anticipate adding this to our current year schedule. Well be looking to ensure that the reco...

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 do want to make sure that i know what it is but it is based on facts. [speaker not understood]. appl...