| Jun 17, 2011
| 4:01 PM
Employees of a Burbank movie company face charges of conspiracy and fraud after allegedly bilking investors of $9 million to make independent films.
An indictment from a federal grand jury this week focused on Q Media Assets LLC, located at 2301 W. Olive...
| Jan 26, 2012
| 9:47 AM
An independent audit of the city’s 2010-11 finances gave Burbank the highest possible rating.
Financial Services Director Cindy Giraldo said the audit by the accounting firm McGladrey and Pullen was completed in December.
The review also...
| Feb 19, 2012
Credit rating agency Fitch said Thursday that it might downgrade the Burbank-Glendale-Pasadena Airport Authority after it gets a clearer picture of the airfield’s financial standing later this year.
Fitch has already put the airport authority on...
| Jul 22, 2011
| 2:52 PM
In an effort to make oversight of the troubled DeBell Golf Club as transparent as possible, the City Council will schedule a special study session to discuss recently enacted reform measures.
Councilman Dave Golonski on Tuesday lobbied for the meeting,...
| Jun 8, 2011
| 4:32 PM
The City Council on Tuesday approved a $1 million loan to the city-owned DeBell Golf Course and agreed to defer loan payments on $2.1 million in outstanding debt for two years as the troubled course tries to recover from a drop in revenue.
| Sep 27, 2011
| 5:41 PM
The redesign of Johnny Carson Park is underway, and city officials could tap three grants to help cover the estimated $5-million price tag.
The city has been setting aside money for the project — $2.5 million so far through the Redevelopment...
| Jun 10, 2011
| 4:50 PM
In this economic environment, if a business with a $718,215 operating deficit and no reserves asked a bank for a $2-million bailout package, the response would be a predictable one: “no.”
But in the world of Burbank municipal business, the...
| Nov 8, 2011
| 6:56 PM
An outside consultant has determined that the Burbank Unified School District — despite confusing record keeping that had raised accountability questions — accurately reported how it spent roughly $274 million during the past 15 years.
| Jan 19, 2011
The homeless winter shelter in Glendale has avoided a budget shortfall after the Burbank City Council approved $16,410 for a local outreach coordinator.
EIMAGO, a subsidiary of the Union Rescue Mission in Los Angeles, also asked Burbank to help cover...
| Jan 15, 2011
A major source of funds for city services would be diverted to state coffers under a proposal Gov. Jerry Brown unveiled this week as part of his effort to slash a $28-billion state deficit.
Brown's budget calls for the Burbank Redevelopment Agency and...
| Nov 11, 2011
| 4:51 PM
The truth is finally out. There are checking account fees in bank accounts that are exorbitant.
The banks took advantage of the investors’ lackadaisical attitude. This doesn’t only apply to checking accounts, but also to mutual funds, bond...
| Jan 19, 2011
The Burbank City Council is reconsidering its decision to cut a $52,000 after-school program as the nonprofit that stepped in to fill the void warned that it may not be able to shoulder the financial burden for much longer.
The Burbank Boys and Girls...