This week’s regular city council agenda for the city of Compton includes a request to re-establish the city’s corporate credit card after a state audit found it was abused.
Related: Compton mismanaged, overspent taxpayer funds, state audit finds
State Controller Betty Yee released findings of Compton’s audit which detailed the mismanagement of taxpayer money. The city entered into a repayment plan, with funds coming from Measure P, an additional sales tax that was supposed to be used to repair the city streets.
The staff report was prepared by the City Manager Craig Cornwell, which seeks to reinstate an American Express card with a $50,000 dollar limit.
City Manager Cornwell is also issuing contracts, under his $25,000 spending authority, to companies who lack proper business registration documents with the state of California.
City Controller Rafaela King continues to provide more transparency on how taxpayer money is being spent but little to no documentation on how they determine the legitimacy of companies they are paying.
King also details the city’s unfunded pension liability is now at $131 million dollars with annual payments of nearly $10 million owed to CALPERS.
Finally, the city is seeking to “reclassify” the position of Labor Relations Analyst to Deputy Director of Human Resources. The city is justifying the action by including a public hearing that was conducted in June 2009.
Finally, this Wednesday, October 23rd, Compton Mayor Aja Brown will host a private event for presidential hopeful Tom Steyer. The event is billed as “private” and will take place in the city of Compton. This author has registered to attend. You can too by clicking here.
Pingback: City of Compton is a Financial Disaster - 2UrbanGirls - Covering Compton, Inglewood, LA County and Beyond