Printer Friendly
The Free Library
14,505,384 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

REPORTS ORDERED ON $544,000 DISCREPANCY.


Byline: Troy Anderson Staff Writer

The Los Angeles County Board of Supervisors The Los Angeles County Board of Supervisors is the five member governing board of Los Angeles County, California. Members of the board of supervisors are elected by district, the current members as of April 2006 are:
  • District 1: Gloria Molina, Democrat
 asked Tuesday for regular reports on progress to resolve a $544,000 discrepancy in a Superior Court account holding payments toward land and buildings taken for public use.

The supervisors asked for quarterly reports from the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  Superior Court on progress toward resolving the discrepancy in the $74.4 million account.

``We want to keep on top of this issue and make sure it's dealt with in a timely fashion,'' said Jean Huston, deputy to Supervisor Michael D. Antonovich Michael Dennis Antonovich (born 1939 in Los Angeles, California) is a member of the Los Angeles County Board of Supervisors representing the Fifth District, which covers northern Los Angeles County, the Antelope, Santa Clarita, Pasadena, and parts of the San Fernando and San . ``The discrepancy represents only 1 percent of the total account, but it's a substantial amount of cash. We are confident the Superior Court will be able to account for those funds.''

Cities and other agencies pay into the account during disputes over how much former owners should be paid for property condemned for public use in eminent domain eminent domain, the right of a government to force the owner of private property sell it if it is needed for a public use. The right is based on the doctrine that a sovereign state has dominion over all lands and buildings within its borders, which has its origins in  cases.

The Daily News reported last year that court officials did not make public an index of cases that would help identify people and governments owed $19.5 million in interest.

The court began sending out notifications of money owed after a bribery case involving an Encino attorney raised questions about the fund, officially known as the Condemnation and Interpleader An equitable proceeding brought by a third person to have a court determine the ownership rights of rival claimants to the same money or property that is held by that third person.

Interpleader is a form of equitable relief.
 Fund.

Court spokeswoman Jerrianne Hayslett said the court receives no benefit from money in the fund. She said differences between the court's records and the auditor-controller's records could reflect a time lag or other problem, but not actual loss of money.

``No funds are disbursed from the fund without the benefit of a valid court order instructing the disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money.
     2.
,'' she said. ``So if there are any funds that might have been mistakenly credited to another trust fund by the court or the county, (the money) is still in possession of the county. No public funds See Fund, 3.

See also: Public
 have been lost.''

At Antonovich's request last August, the Board of Supervisors ordered an audit to find out who is owed interest compounded over the last quarter century and to determine whether the county withdrew money illegally for its general fund.

In the Jan. 22 audit, county Auditor-Controller J. Tyler McCauley wrote that auditors were ``not able to verify the sufficiency of the amount in the interest fund to meet future interest requirements for deposits.''
COPYRIGHT 2001 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily News (Los Angeles, CA)
Article Type:Statistical Data Included
Date:Mar 7, 2001
Words:380
Previous Article:PRIOR, KARP PERFORM.(Sports)
Next Article:UNIVERSITY BEAT: RECRUITS BRING SILVER TOUCH.(Sports)



Related Articles
Discrepancies in global warming data.
Inventory shrinkage accrual method. (Tax Court memorandum opinions in Wal-Mart Stores and Kroger Co.)
Improvement in Gait Parameters After Lengthening for the Treatment of Limb-Length Discrepancy.
Statistics Chart Industry's Growth.(office furniture manufacturers)(Brief Article)(Statistical Data Included)
PowerTrack[TM].(internet-based freight payment system)
Fishy data hid decline in global catch.(China's inaccurate figures affect figures and environment)(Brief Article)
FED FAULTED FOR ERRORS IN REPORTING.(BUSINESS)
Quantitative PCR deconstruction of discrepancies between results reported by different hybridization platforms.(Genomics and Risk Assessment:...
Cable franchisees overstated local subscribers by 30,000.(Up Front)
Audits that keep fraudsters guessing.(MONTHLY CHECKLIST SERIES)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles