Friday, August 11, 2017

Audit shows SF Housing Authority can’t manage its own money

The San Francisco Chronicle reports:
Apparently, the finance department of the San Francisco Housing Authority can’t balance its own checkbook.

That was the big reveal of a city controller’s report released Thursday that identified a number of problems that led to major errors in account balances and prevented city officials from getting a clear picture of the agency’s funding needs.

The controller’s City Services Auditor Division began its assessment in June 2015 and ended it last September, using bank statements, emails, ledger data and interviews with top Housing Authority finance personnel to evaluate how the department was managing its money.

The report’s conclusions were grim.
They are ready for single payer health care!