Auditors are flagging major problems with the handling of tax dollars by the L.A. Homeless Services Authority.
The failures surround poor bookkeeping and accounting of taxpayer money at the agency — which spent over $800 million in public funds last fiscal year. The issues emerged despite previous audits flagging serious oversight problems in prior years. The latest audit was conducted by an outside firm hired by the agency to meet federal requirements.
The agency’s financial statements initially included “significant” inaccurate amounts that needed to be adjusted late in the audit process, auditors found in their review of LAHSA’s last fiscal year that ended in June 2025…