Greuel released first audit

The Los Angeles Convention Center wasted more than $1 million in taxpayer money by failing to properly control employee overtime and lacks a system for keeping track of its fixed assets, some of which could not be found, according to an audit released on Thursday.Daily News

The audit -- the first by new City Controller Wendy Greuel -- also found that the convention center has no clear policy or oversight of fee waivers. It also recommended that a flexible demand-based pricing program be implemented, allowing management to fill the Convention Center during slower times by reducing rental prices.