The Montrose Shopping Park Assn. — which long struggled to make ends meet until clamping down on cash-reporting procedures — announced Thursday that the business group was on track to exceed income projections by 11%.
The shopping park has made about $400,000 so far, “and it's only August,” said Executive Director Dale Dawson at a board meeting Thursday.
And with expenditures remaining steady — originally projected at $360,000 — the shopping park board will be in the enviable position of deciding what to do with the extra money.
Also on Thursday, board members said they plan to create a committee to review their bylaws and close any loopholes after an embezzlement investigation involving former Glendale City Councilman John Drayman rocked the organization.
Drayman was indicted in May for allegedly embezzling at least $304,000 from the group's weekly farmers market from January 2004 to April 2011.