"Cohen stated that part of the issue with the delayed Annual Comprehensive Financial Report is that departments are late in handing over their information, which has been a persistent problem."
"Cohen mentioned her office did not perform audits of the Employment Development Department or the Department of Motor Vehicles because the state legislature was already reviewing those agencies."
"Cohen confirmed that her office conducted some audits related to homelessness programs, but a spokesperson clarified that the office focused on other high-risk areas instead."
"A CBS investigation revealed that the state holds billions of dollars in unclaimed funds, which generates interest, highlighting a significant area of concern in fund management."
Cohen successfully published the Annual Comprehensive Financial Report closer to its due date, addressing a long-standing issue of delays. She led a task force responding to a significant fraud scheme involving charter schools in San Diego. Despite these accomplishments, Cohen did not fulfill several major campaign promises, including audits of homelessness programs and the Employment Development Department. Criticism arose regarding her management of a program for returning unclaimed funds, with findings indicating billions of dollars remain unclaimed in the state.
Read at Los Angeles Times
Unable to calculate read time
Collection
[
|
...
]