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He talks of gross overstaffing, incompetent engineers and poor financial control.
Besides poor financial control, the audit also said the city failed to determine if providers were meeting their goals for moving the homeless into permanent housing.
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In the past decade, the institute has refused to renew the charters of eight schools for poor academic performance, poor financial controls or both.
It has avoided the disasters that have afflicted Alstom and ABB, European rivals that have flirted with bankruptcy due to slack management and poor financial controls.
"The state is going to focus where they see evidence of problems, either poor academic results or seemingly poor financial controls, and Roslyn, until lately, did not seem to have either of those".
After finding mismanagement and a poor financial controls in several sanitary districts in Nassau County earlier this year, Howard Weitzman, the county comptroller, announced last Monday that he intended to expand his investigation of special districts.
In his letter, Mr. Loeb compared those films to the notorious Hollywood flops "Ishtar" and "Waterworld," and added that the studio business was "characterized by a complete lack of accountability and poor financial controls".
And that makes us think the company has poor financial controls.
His department has been accused of having weak management, ineffective control and poor governance; a fortress mentality, a "good news" reporting culture, a lack of transparency, inadequate financial control, and ineffective oversight.
This ensures that the wealthiest community members will retain financial control over the poor.
The mayor brought the city toward financial independence in 1998 when he persuaded the state to remove the financial control board, which was brought in because of the city's poor management practices in the 1970's.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com