A state audit has accused the Santa Monica Mountains Conservancy of mismanaging $7 million in voter-approved bond money that was supposed to be used to acquire and restore parkland. In a scathing report, Department of Finance auditors found that the conservancy “does not adequately manage, control, or oversee” $115 million in bond funds, funneling away money to pay for legal fees, office expenses, conferences, cars, travel, vacation and sick pay, and “excessive” overhead charges. “In our opinion, they’re not spending funds in line with the bond measures,” said Samuel E. Hull, chief of the Office of State Audits and Evaluations....