The city of San Diego is preparing its response to a letter the Securities and Exchange Commission sent a month ago requesting the municipality lay out progress its made in improving its financial reporting processes, a spokeswoman for Council President Scott Peters said.

In its July 23 letter, the SEC said the city needs to more clearly establish its goals for remedying the financial safeguards that led to its sanctions against the city last fall.

The City Council is slated to review the letter at Tuesday’s meeting. The meeting will take place at 2 p.m. in the council chambers, located at 202 C St.


Leave a comment

We expect all commenters to be constructive and civil. We reserve the right to delete comments without explanation. You are welcome to flag comments to us. You are welcome to submit an opinion piece for our editors to review.

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.