City audit shows lower revenues, expenses

By Tony Farkas
This email address is being protected from spambots. You need JavaScript enabled to view it.

GROVETON — Groveton City Council members were informed about the state of the city’s finances, and while its practices were fine, revenue and assets have decreased.

Kim Johnson of Todd, Hamaker and Johnson reported that there were no findings, but there were some recommendations for changes in city policy. The board was urged to hire an investment officer to review policies each year.

Revenues were reported down $17,000 while expenses were up $128,000, but the city had enough funds to cover any shortfalls and has $502,000 in the general fund.

In all, Johnson said the city is OK to continue operations as normal.

Related Articles

City hosts successful cleanup, plans two more

City, school elections coming up

In other business, the council:

•approved payment of the Inframark bill of $7,489.71;

•approved a contract with Community Unlimited for assistance with water and wastewater needs, at no cost to the city;

•approved a $14,065 contract for an inventory of all water pipes in the city for lead and copper content; and

•approved a contract with Brandon Fielder Collins and Mott for collection of delinquent balances owned to the city.