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Midyear financial report shows stable fund balances; June building-permit activity spiked
Summary
Glendale’s finance director reported midyear revenues and expenditures are generally in line with the budget and noted an unusually high $54 million in estimated building permit value issued in June.
Charlene Li, Glendale’s finance director, presented the city’s financial report for the period ending June 30, 2025, telling the council overall revenues and expenditures across funds show the general fund and all funds in stable positions at midyear.
Li said total revenue across all funds as of June 30 was reported as $36,000,000, described in the meeting record as a variance of 74% compared with the adopted budget. Total expenditures across all funds were reported as $27,000,000. For the general fund Li said total revenue was $11,000,000 (about…
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