In a message dated 12/17/2005 9:09:33 A.M. Pacific Standard Time,
tradergroupe@... writes:
Dear Everyone;
The Examiner has a front page story today on fiscal mis-management (
Surprise Surprise ) in a non-profit affordable housing developer and the Board of
Supervisors has ordered an audit of the $40 million they have received.
_http://www.sfexaminer.com/articles/2005/12/17/news/20051217_ne03_mission.txt_
(http://www.sfexaminer.com/articles/2005/12/17/news/20051217_ne03_mission.txt)
Ron Getty
SF Libertarian
thanks ron!
pl lets have lots of LTE asking for more coverage of this issue and
expansion of the investigations -- there are 30,000 nonprofit units in city, and MHDC
is only 6% of this total.
many of the others are even more egregious centers of waste, mismanagement
and corruption.
Sarosh D. Kumana
_www.sfrent.net_ (http://www.sfrent.net/)
Tel: 415-861-4554
Fax: 415-864-0730
Cell: 415-425-5184
Dear Sarosh And Everyone Else;
While we have 2 economic issues for consideration the Payroll Tax Repeal and The City Employee wage cap Sarosh has raised a good point. An audit being required of any non-profit receiving City funds directly or in-directly and done annually.
I do not know if regular audits are a City requirement but it would be real easy to write an initiative to require annual audits of any non-profit receiving City funds with the non-profit setting aside such funds as would be needed for a CPA signed audit.
This is a topic for discussion e-mail wise and if needed being brought forward at the January LPSF for further discussion and vote or whatever.
Ron Getty
SF Libertarian
saroshk@... wrote:
In a message dated 12/17/2005 9:09:33 A.M. Pacific Standard Time, tradergroupe@... writes:
Dear Everyone;
The Examiner has a front page story today on fiscal mis-management ( Surprise Surprise ) in a non-profit affordable housing developer and the Board of Supervisors has ordered an audit of the $40 million they have received.
http://www.sfexaminer.com/articles/2005/12/17/news/20051217_ne03_mission.txt
Ron Getty
SF Libertarian
thanks ron!
pl lets have lots of LTE asking for more coverage of this issue and expansion of the investigations -- there are 30,000 nonprofit units in city, and MHDC is only 6% of this total.
many of the others are even more egregious centers of waste, mismanagement and corruption.
Sarosh D. Kumana
www.sfrent.net
Tel: 415-861-4554
Fax: 415-864-0730
Cell: 415-425-5184