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Controller's office, treasurer staff report $552 million geobond sale closed; audits and nonprofit oversight work continue
Summary
Controller's office and related staff updated the committee on recent geobond issuances totaling about $552 million, upcoming bond issuances for affordable housing and the 2020 Health & Recovery bond, and ongoing public integrity and geobond expenditure audits.
Controller's Office staff, the City Services Auditor and city performance staff briefed the Citizens General Obligation Bond Oversight Committee on Feb. 10 about recent bond transactions, planned issuances and audit work.
Mark Dela Rosa, director of audits for the Controller's Office, reported ongoing public integrity reviews and said the office plans to issue a public integrity deliverable related to contracts involving Duane Jones and affiliates, noting the contractor was criminally charged in August 2023. Dela Rosa said the office is coordinating with the City Attorney on related investigations.
Co…
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