Tougher Penalties for Meddling in SD Financial Reports
Friday, June 19, 2009
The San Diego City Council will consider an ordinance on Monday meant to discourage officials from meddling in the city’s financial reports.
SAN DIEGO The San Diego City Council will consider an ordinance on Monday meant to discourage officials from meddling in the city’s financial reports.
The ordinance would make it a violation of city law for any elected officials or city workers to try to influence people who review San Diego’s financial reports. Councilman Kevin Faulconer chairs San Diego’s audit committee. He says the city has already taken a series of steps to correct past financial reports and to reenter the bond market.
“This is a very important internal control that puts it on record that we can not have any meddling in our financial processes in terms of improper influence, particularly when it comes to financial reporting and disclosure,” he says.
Faulconer says this could be one of the strongest ordinances of its kind in the country. He says it will help restore the public’s trust in local government.