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Finance

A collection of news and information related to Finance published by this site and its partners.

Top Finance Articles

Displaying items 97-108
  • Audit clears school district of misappropriation allegations

    Audit clears school district of misappropriation allegations
    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. The...
  • He's working from within

    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...
  • City seeks funding for $5-million park redesign

    City seeks funding for $5-million park redesign
    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...
  • Bob Hope dealt blow by carrier's departure

    Bob Hope dealt blow by carrier's departure
    The decision by American Airlines to pull out of Bob Hope Airport might further harm an airfield that has been grappling with a yearlong slide in passenger numbers, which gained the notice of an important credit rating agency. American, which made up 7....
  • City approves loan package to cash-strapped DeBell Golf Course

    City approves loan package to cash-strapped DeBell Golf Course
    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. The council...
  • Turn DeBell over to the pros

    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...
  • City Council defends bailout of fledgling golf course

    City Council defends bailout of fledgling golf course
    City Council members defended their decision to allocate $2 million to save the DeBell Golf Club from financial ruin, while at the same time cutting firefighting resources, city youth jobs and library improvements. The rescue package includes a $1-...
  • Movie company accused of fraud

    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...
  • City to hold DeBell study session

    City to hold DeBell study session
    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,...
  • Burbank clears financial audit

    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...
  • Bob Hope credit rating is up in the air

    Bob Hope credit rating is up in the air
    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...
  • Drayman on the hook for outstanding debt

    Drayman on the hook for outstanding debt
    When former Councilman John Drayman begins his five years of probation, expected to begin next month, the first meetings he has with the Los Angeles County Probation Office will include a thorough review of his assets and liabilities to determine how much...