Los Angeles County Supervisor Lindsey P. Horvath is calling for a forensic audit and public Board of Supervisors hearing following a Los Angeles Homeless Services Authority Finance Committee meeting Friday that she says raised serious concerns about the agency’s financial management.
“If LAHSA were a publicly traded company, regulators would shut them down,” Horvath said in a statement.
Among the issues Horvath said were raised at the Feb. 20 meeting: LAHSA lacks the staffing and expertise to pay its bills; has received advanced county funding yet cannot pay service providers for work completed months ago; has refused 24 qualified county staff offered at no cost to assist with operations; and is providing balance sheets to commissioners that do not reconcile or reflect real-time financial data…