LONG BEACH — A city audit of the nonprofit corporation running the Long Beach centennial celebration found nothing wrong with how officials have presented their financial report or how they are running the activities.
In an audit that the City Council is scheduled to receive Tuesday, city Auditor Robert E. Fronke said he examined a financial report by the International City Celebration Inc. and concluded that "nothing came to our attention to indicate that the above referenced centennial report is not presented fairly in all material aspects, or that the board and executive committee have not appropriately set policy and given direction to the centennial."
The auditor examined centennial activities at the request of Councilman Ray Grabinski, who had said he wanted "to allay some of the fears" that had been expressed by some of the sponsors.
Representatives of several restaurants and other organizations have said the centennial committee misled them into believing that by becoming sponsors they would receive substantial advertising support. IDM Corp., which is the managing partner in the World Trade Center, also withdrew its $50,000 sponsorship pledge.