In budget-crunched L.A., a new report finds that 45 percent of items purchased with taxpayer dollars have gone missing [PDF].

(Los Angeles) – City Controller Wendy Greuel released an audit today showing that

various City departments could not locate hundreds of items purchased with taxpayer

funds, and that hundreds of other items had been sitting unopened or unused for up to 7

years….

* Of 254 items that we attempted to locate, 115 were not where they should have been. While 56 items were ultimately found in the wrong location, 59 were unable to be located at a cost of $938,000.

—Some of the items that were never found included a video recorder purchased by ITA for almost $60,000.

* Departments are supposed to conduct a physical inventory of items every two years to maintain accurate physical inventories of equipment. ITA and Sanitation have not conducted a review in at least 5 years and Recreation and Parks has not conducted a review of all items in at least 7 years.

* ITA and Recreation and Parks have 138 items that were purchased at least 1 year ago, still in warehouses or staging areas. These items are worth $237,000, and some were purchased over 7 years ago.

—Some of the items not placed into service included 9 microwaves, 1 deep fryer and 2 television sets by the Recreation and Parks Department and various computer equipment by ITA.