Friday, June 5, 2015

ABAG lacks Financial Controls State Auditor Finds.

SACRAMENTO — The California controller’s office has found that a Bay Area government group lacked sufficient internal controls, providing opportunities for misuse of funds.
State Comptroller Betty T. Yee launched an audit of the Association of Bay Area Governments in February, following allegations that its former financial services director had embezzled $1.3 million set aside for parks.
The audit found, for instance, that the director was authorized to release money and record transactions, which is inconsistent with practices that call for separate people to authorize spending and process the related paperwork. The association said it has launched an independent review and will develop a remedial plan.
The Association of Bay Area Governments is the regional planning agency for the nine-county Bay Area. A spokeswoman did not immediately return a call for comment.

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