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Controller's office restarting geobond audits; public finance outlines four pending bond issuances targeting Jan. 2025 pricing
Summary
The Controller's Office said it will resume geobond expenditure audits (including 2019 affordable housing and a 2020 health and recovery bond); Office of Public Finance outlined up to four pending bond issuances and said staff aim to price them together in January 2025 to save on issuance costs.
Mark Dela Rosa, director of audit in the Controller's Office, told the committee there have been no new public integrity reviews since August 2024 but that the office is continuing audits and plans to restart geobond expenditure audits this fiscal year. Dela Rosa said the office has completed about a dozen geobond expenditure audits since 2014 and has initiated work on audits of the 2019 affordable housing bond and a 2020 health and recovery bond later this fiscal year.
Natasha Michal, city performance director, said her office will publish five or…
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