By Mark Carlisle
Glendale City Council will review the city’s finances from the fiscal year that ended mid-2018 and plan its budget for the fiscal year that begins mid-2019 in its 9 a.m. meeting Tuesday.
Check back with yourvalley.net for coverage of the meeting.
The results of an audit of the city’s 2017-18 fiscal year, which ran July 1, 2017 to June 30, 2018, will be presented by city staff and an accountant from the accounting firm that performed the audit, CliftonLarsonAllen. The purpose of an independent audit is to give a third-party review of the city’s finances and self-reporting practices.
City staff will also continue their presentations to plan the city’s budget for the 2019-2020 fiscal year, which begins July 1, 2019 and ends June 30, 2020. Staff will continue the discussion it started in the last budget meeting, Tuesday, Feb. 19, about which projects to prioritize with funds from the city’s general obligation bonds.
During the budget presentations, staff will also present an update on the city’s water rates. According the presentation documents released before the meeting, staff will recommend the city stick to the water rate increase plan it adopted in 2017, which includes a 5.5 percent increase in water rates and a 5.2 percent increase in waste water rates for the average family in 2020 and a 5.3 percent water rate increase and a 5.1 percent waste water increase for the average family in 2021.