A new Santa Barbara County Grand Jury report is blasting the City of Lompoc, charging the city failed to adequately address concerns about audits of grants, and loans it makes.
In 2012, the county’s Grand Jury released a report called “A Failure Of Oversight,” in which it said the city, and its redevelopment agency had been lax in enforcing agreements with the Lompoc Housing and Community Development Corporation. The report asserted the city lost $1.8 million dollars when some properties became insolvent.
The new report says that while the city agreed a new policy is needed for audits of non-profits which receive city funding, a policy to do so still hasn’t been adopted. It says the city failed to approve a time frame to adopt the policy, although legally required to do so.
The Grand Jury says the Lompoc City Council has failed to act in its residents best interests, and as a result, taxpayers are unnecessarily at risk for additional financial harm.