Making the rounds in large banks, and even sunny San Bernardino...
July 13 (Bloomberg) -- Law enforcement officials are
investigating possible crimes in San Bernardino’s city
government, which almost drained special funds to prop up its
budget.
The near-bankrupt state of the community of 209,000 east of
Los Angeles came to light when a new finance director discovered
that previous officials shifted money for workers-compensation
and liability insurance to the general fund, said Andrea Travis-
Miller, interim city manager.
“The city has relied on a whole variety of one-time
measures to balance its budget,” Travis-Miller, who began her
job in May, said yesterday. “There have been transfers to the
general fund with the expectation that they would be repaid.
That became difficult.”
Friday, July 13, 2012
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