CENTERVILLE -- City Council was told Tuesday the city is in good financial shape based on results of an audit of fiscal 2013.
The council heard results from Beth Tabor, of the accounting firm Nichols, Cauley & Associates, of Warner Robins. Tabor said Centerville received an unqualified opinion, meaning the city had done well in its money-handling and accounting practices.
Results of the annual audit are submitted to state authorities who review findings and present potential requirements and recommendations to municipalities.
Tabor said Centerville received no corrections or recommendations from the state.
She presented findings showing the city had a net increase in funds of $837,000 in fiscal 2013 as compared with 2012.
Findings showed ending assets for fiscal 2013 of $29.4 million, which include city property, infrastructure value and similar items, with liabilities of $4.7 million. That leaves the city with a net position of $24.7 million, a figure Carol Harrison, Centervilles city accountant, said represents something similar to the equity a person might have in their house.
In accepting the report, Mayor John Harley said he was proud of our people and voiced appreciation to city employees and department heads for their diligence in financial matters and making our city look good.
In other business, Councilman Randall Wright suggested the councils work sessions at 5.30 p.m. on the third Tuesday of each month begin at 5 p.m. instead. He said the change would be better for everyone, especially city workers who must be at the session. Wright asked that a vote on the matter be placed on the councils agenda in January.
Contact Michael W. Pannell at email@example.com.