Friday, April 13, 2012

L.A. Coliseum had scant controls over spending, audit finds

A city audit of the stadium finds routine squandering of public funds in a setting 'void of essential formal policies, procedures and protocols.' Two Coliseum commission officials acknowledge 'insufficient oversight' but contend there is 'plenty of blame to go around.'

A new city report assails officials in charge of the Los Angeles Memorial Coliseum for failing to impose even basic financial controls, allowing the routine squandering of public money and permitting corruption to take root in "a dysfunctional and risk-prone culture."


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