A long-awaited audit of the Southeastern Economic Development Corp., the agency tasked with revitalizing some of the city’s most troubled neighborhoods, will be released tomorrow morning, said city Auditor Eduardo Luna.

A copy of the audit will be made available on the city auditor’s website sometime tomorrow morning, Luna said.

The performance audit has been in the works for at least a year. It is expected to shed more light on recent revelations that the agency has, for years, been paying staff hundreds of thousands of dollars a year in unbudgeted bonuses and extra compensation.

The bonus scandal, which led to the termination of SEDC president Carolyn Y. Smith in July and to the appointment of five new board members to SEDC’s board, has led to questions about San Diego’s unique redevelopment structure, in which redevelopment is devolved to two nonprofit agencies, SEDC and the Center City Development Corp.

The audit is being prepared by consulting form Macias & Gini.


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