Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Supervisor Preston urges hearing after BLA audit flags MOHCD reporting gaps and $537 million year-end balance
Summary
Supervisor Preston asked the San Francisco Board of Supervisors on April 4 to hold a hearing after a Budget and Legislative Analyst audit found that the Mayor’s Office of Housing and Community Development failed to meet reporting requirements and could not provide a full accounting of a roughly $537 million year‑end fund balance.
Supervisor Ahsha Safa? No. Supervisor Preston asked the Board of Supervisors on April 4 to hold a public hearing on the Budget and Legislative Analyst’s audit of the Mayor’s Office of Housing and Community Development (MOHCD), saying the audit raises questions about transparency and the department’s ability to account for its funds.
Preston said the audit found MOHCD does not comply with quarterly reporting requirements and lacks formalized processes for funding decisions. “We have basically about a half a billion dollars, most of which is unaccounted for,” Preston said, referring to a $537 million year‑end fund balance the department reported but could not fully break down for the BLA.
The supervisor told colleagues the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
