New York City Comptroller John Liu announced that his audit bureau uncovered nearly $1 billion that belongs to New Yorkers.

Liu's annual report to the mayor and City Council on audit operations, published Dec. 18, contained the details.

"Over the last four years our audit bureau has pursued the waste and mismanagement of taxpayer funds and sought improvements to help the City operate more efficiently," said Liu.

"We revealed City Hall's reliance on expensive outside consultants and its failure to monitor their work, helped expose the CityTime [payroll processing] fraud, and forced the Economic Development Corp. to return $120 million it owed to taxpayers," Liu said in a statement. "New Yorkers' should be proud that in just four years, our audit bureau has uncovered nearly $1 billion that belongs to them."

Liu, who lost the Democratic mayoral primary, will leave office on Jan. 1. Outgoing Manhattan borough president Scott Stringer will succeed him.

According to Liu, during his four years in office, the audit bureau has issued 329 audits and special reports that found $686.8 million in actual and potential revenues and savings, and have called into question $233.9 million associated with claims against the city.

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