Work on San Diego pension fund mess hits snag

San Diego's pension scandal continues to make news:

Consultants trying to unravel the issues surrounding San Diego's tangled finances told city officials yesterday that their work will take until at least mid-March to complete, three months later than their recent estimate.

The development adds to the uncertainty the city faces over its fiscal condition and is likely to further delay the release of long-overdue financial statements that are needed for San Diego to re-enter the municipal bond market.

KPMG, the accounting firm conducting the 2003 audit, has predicted that it will take at least a month to issue the statements after Kroll Inc., the firm handling the investigation, finishes its work.

Enron was probably a lot cleaner.