Register | Forgot Your Password? | Close

PHOENIX -- An internal audit shows Glendale administrators improperly took about $6 million from a city trust fund over three years to cover expenses.

The audit obtained by The Arizona Republic shows the account dropped from about $8 million in July 2010 to less than $3 million in June largely because of the improper transfers. The trust fund is essentially a self-insurance policy to cover personal injury or property damage liabilities.

The audit found city staff used the money during tight budget years to pay other bills. That means the city may come up short of cash to cover liabilities.

The fund board apparently wasn't told, but the City Council was told of some payments.

The revelations come as Glendale voters decide Tuesday whether to repeal a temporary sales tax increase.

Associated Press,

share this story:
Attention Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • Family in Focus

    KTAR spends the week taking a look at the issues a modern Arizona family faces.