Audit finds Glendale covered up losses

By Paul Giblin | The Arizona Republic

Top Glendale administrators improperly shifted millions of dollars among several internal accounts for years in an attempt to cover the true costs of an early-retirement program, according to a 250-page financial audit released Wednesday.

The audit could trigger a criminal investigation.

The city council is expected to submit the findings to the Arizona Attorney General’s Office this week for review.

According to the audit, former City Manager Ed Beasley and others working under his direction intentionally misled the city council about the ballooning costs of the retirement program, which originally was intended to save money.

Continued:

Also: Issues await action by split council

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August 22, 2013

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