
"The audit found that the San Francisco Zoo and its nonprofit operator spent roughly $12 million on construction and improvement projects without obtaining approval from the city, violating lease agreements with the Recreation and Park Department."
"Auditors discovered that the zoo misrepresented its financial condition while continuing to operate under mounting financial strain, highlighting ongoing budget deficits and poor financial oversight."
"The findings come as the city prepares to finalize up to $8.5 million in loans for the San Francisco Zoo, part of a broader restructuring effort aimed at stabilizing the zoo's finances and improving operations."
An audit revealed the San Francisco Zoo spent $12 million on projects without city approval, violating lease agreements. The zoo operated under a deficit and misrepresented its financial status. The audit was prompted by reports of poor conditions at the zoo. Only one project received approval in six years. The city plans to provide $8.5 million in loans to stabilize finances, tied to performance benchmarks. Leadership changes occurred amid controversy, with a new CEO aiming to improve operations and address ongoing scrutiny.
Read at sfist.com
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