On July 17, the San Francisco Parks Alliance leaders claimed they bore no responsibility for a financial crisis that resulted in significant losses for community groups. The former CEO and treasurer stated that the misappropriation of funds occurred without their knowledge. The organization demonstrated a lack of oversight and oversight, which led to severe financial issues. Assets reportedly declined from $30 million to nearly zero over five years. Community groups expressed concern over funds that were intended for their projects being diverted for operational expenses, leaving them without crucial financial support.
The San Francisco Parks Alliance leaders denied responsibility for a financial crisis that caused community groups to lose hundreds of thousands of dollars due to fund misappropriation.
The organization failed to exhibit adequate internal or external oversight, leading to significant financial mismanagement and a dramatic decline in assets from $30 million to nearly zero.
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