The City of Baldwin Park will receive and file the Comprehensive Annual Financial Report for the fiscal year ended June 30, 2012, during the city Council meeting Wednesday night.
As of June 2012, the audited cash balance was $ 5,157,618 which represent a decrease of $ 388,798 as compared to the previous fiscal year.
According to official documents the city has been able to mantain its general fund cash balance around $ 5 million in the last four years.
Although the City has been able to curtail its expenditures lower than previous year, these have exceeded by $992,884 during 2012, according to the city documents.
Read the full report in the PDF attached to this story.
The meeting will be held at 7 p.m. on Wednesday, February 20, at 14403 E. Pacific Blvd.