Rod Dembowski nag-retweet
Very good thread that goes beyond the headlines ($8M unaccounted for) to detail how comprehensively damning the KCRHA audit findings are. The utter lack of fiscal controls is insane for an agency handling hundreds of millions in public money. And this wasn’t just birthing pains - the audit finds serious fiscal oversight deficiencies continuing to the present.
We also get into many of these details on the latest @RealSeattleNice. As ECB points out, it’s not just the overspending and losing track of millions of dollars. It also seems like federal dollars granted for one purpose may have been misspent on other things - that could well jeopardize future federal grant monies, or potentially even lead the feds to claw back previous grants (which would be disastrous). The exposure here is real, and serious.
And as she evocatively and accurately says, “they were operating the agency like a payday loan company,” routinely paying out dollars in advance of receiving them. The whole thing is mind-boggling.
MintyHawk@minty_hawk
A forensic audit of the King County Regional Homelessness Authority dropped this week. Most coverage is leading with $13 million in unaccounted public funds. That number matters. But the audit itself says something more important, and worse. /1
English
