Los Angeles Business Journal

L.A. Controller on a Search for Hidden City Money

Friday, August 17, 2012

In an effort to determine if there are any hidden pots of money in the city, Controller Wendy Greuel announced that she plans to audit some of the 500 special revenue funds the city has created to finance its operations. The Los Angeles Daily News reports that the probe comes in the wake of the state Parks Department recently discovering $54 million in a special fund at a time it was closing parks for a lack of money.