City fiscal watchdog
Appears in 1 story
Placed MEDA on Tier 3, its highest-risk designation
San Francisco supervisors on Oct. 28 advanced a $22.2 million financing deal for the Mission Economic Development Agency (MEDA), nine days after the city controller placed the 53-year-old affordable housing nonprofit on its highest-risk watch list. The board cited new safeguards after a Sept. 30 audit found a former employee allegedly exploited weak financial controls for unauthorized purchases.
Updated 2 hours ago
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