The agency has done little to make sure money is properly spent and assets are accounted for, the report says. Officials say they will use the findings to guide reforms.Los Angeles' housing authority, which runs on about $1 billion a year in taxpayer funds, is plagued by bad financial management that causes "questionable practices and poor decisions," according to an audit released Thursday by City Controller Wendy Greuel.
Comment on L.A. housing authority rife with fiscal mismanagement, audit finds
By Jessica Garrison, Los Angeles Times, Los Angeles Times
Fri, 11/09/2012 - 1:32am
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