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Consultant recommends phased budget analysis in Fullerton; forensic audit held as contingency
Summary
A consultant proposed a two-step budget review—an immediate $100,000 transaction interrogation and a $130,000 budget-optimization study—with a third, contingent forensic investigation only if transaction work reveals indicators of fraud. Council members asked for clarity on timing, scope and staff interviews before committing additional funds.
A consulting firm presenting to the Fullerton City Council recommended the city begin with two concurrent reviews to clarify a reported $10 million budget shortfall, then pursue a separate forensic investigation only if preliminary work turns up red flags.
The presenter described Task 1 as a budget risk analysis and transaction interrogation priced at a $100,000 fixed fee intended to identify anomalies in accounting and bank records. Task 2 is a $130,000 budget-optimization and economic-opportunity study to identify revenue levers and cost efficiencies. The consultant said Task 3, a forensic investigation into…
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