An independent team of auditors have found the city of Pacific Grove to be in “a weak financial position”. Almost $11 million in unfunded liabilities were found in the Pacific Grove budget.
Tag Archives: Revenue
P.G. Seeks Audit On City Funds
Pacific Grove City Manager Jim Colangelo has hired a high-powered accounting firm to scrutinize the city’s finances after the discovery of what appears to be a $2.3 million accounting error.
The firm will also look into what happened to $1 million that was believed to have been moved from the enterprise fund several years ago and was never accounted for, Colangelo said.
Thanks Morrie & Crew.