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ColiseumLetter

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					July 27, 2011

The Honorable Wendy Greuel
Controller
City of Los Angeles
200 N. Main Street
Suite 300
Los Angeles, CA 90012

Dear Controller Greuel:

This is to acknowledge your letter of July 26 in which you indicated that your office intends to
conduct a “Fiscal Audit” of the Los Angeles Memorial Coliseum Commission. Rest assured that
the Commissioners share your concern about addressing the fiscal problems left by the past
management and we have been hard at work charting a new direction for the Commission.

We assume the Fiscal Audit contemplated by the Controller is an audit of the accounts and records
of the Commission using Generally Accepted Accounting Principles (GAAP). A more
comprehensive top-to-bottom review of the Commission’s organizational structure and its policies
and procedures is already underway.

We would appreciate receiving more detailed information from the City Controller’s Office
describing the full scope of the proposed audit and whether you intend to use auditors employed in
the Controller’s Office or a company contracted by the Controller’s Office. If it is the latter, please
provide us with the name of the company and the principals assigned to perform the audit.

By providing this additional and essential information, the Commission can better understand the
potential impacts of the proposed City Controller’s audit on the Commission’s own audit and
reorganizations efforts; the pending investigation underway at the District Attorney’s Office and the
Fair Political Practices Commission, which the Commission is fully cooperating with; and, the
July 27, 2011                                                                              Page 2
The Honorable Wendy Greuel



Commission’s own internal investigation of alleged wrongdoing by former employees. The
Commissioners trust that you share our committed and earnest desire to balance the need for critical
self-reflection with the top priority of protecting the integrity and confidentiality of the active
criminal and civil investigations.

Sincerely,




David Israel                                        Don Knabe
President                                           Vice President
Los Angeles Memorial Coliseum Commission            Los Angeles Memorial Coliseum Commission


cc:    Members of the Coliseum Commission
       Interim General Manager John Sandbrook

				
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