"Young said it would generally take his office a year to 18 months to conduct an audit like the one being sought by Council members, but that it will strive to get it done by the end of 2018."
So. just kicking the can down the road for a year. 
This statement from the City "auditor" is just part 1 of this scam. Now everyone will be nice to Young, until he (part of the city) says they are unable to find anything in a couple of years.
We'll just hear the same thing..."It's too far along to stop it now. If only we knew this in 2017."
Such BS.
Have the Feds do a forensic audit already. We've paid billions already.