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Our GovernmentBusiness and DevelopmentResidentsIrwindale at a Glance
Slide 1
Due Diligence Review
Purpose
California Health and Safety Code Section 34179.5 requires the Successor Agency to the Irwindale Community Redevelopment Agency to "employ a licensed accountant, approved by the county auditor-controller and with experience and expertise in local government accounting, to conduct a due diligence review to determine the unobligated balances available for transfer to taxing entities.”

Due Diligence Review 1 (DDR 1) is to address unobligated balances in the former agency’s Low and Moderate Income Housing Fund. Due Diligence Review 2 (DDR 2) is to address all other funds.

Report
On September 27, 2012, in accordance with Health and Safety Code Section 34179.6(a), the Successor Agency transmitted a report prepared by Lance Soll & Lunghard, LLP (approved by the county auditor-controller) for DDR 1 to the Oversight Board, the Los Angeles County Auditor-Controller, the California Department of Finance, and the State Controller’s Office.