Phil Ginsburg addressed the San Francisco Parks Alliance board, stating they mismanaged restricted funds, spending them improperly. He urged for an institutional loan to alleviate public debt and emphasized the urgency of settling $2.7 million owed to the city, prioritizing certain partners for reimbursement. Ginsburg sought written assurances for $869,000 in cash across various accounts, fearing potential public scrutiny. Subsequently, it was revealed that $3.8 million in restricted funds had been misspent, highlighting financial mismanagement within the organization.
Phil Ginsburg stated that the Parks Alliance contravened its grant agreements by spending money raised for specific uses on other things, necessitating accountability.
Ginsburg urged the board to secure an institutional loan to address public sector debt, highlighting the urgency of compensating the city for the $2.7 million owed.
With concerns about public perception, Ginsburg asserted the need for written assurances of $869,000 in cash in various Rec and Park accounts to maintain financial integrity.
Shortly after the meeting, it was revealed through an email that at least $3.8 million in restricted funds had been misspent by the Parks Alliance.
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