
By JIM BUTLER
Auditors report no questionable findings in their latest study of the City of Pineville, a marked contrast to their conclusions a year ago.
The financial review of the year ending last June 30 has been posted, showing an $8.5 million increase in overall net position, including $2 million in unrestricted funds.
Twelve months ago the city was getting the official financial review of a period of upheaval.
The council’s February meeting this evening includes regular financial update. The fiscal year to this point has reflected no bumps in the road, so to speak.
Auditors counted $42.3 million revenue in the year ending last June 30, $25 million in governmental activity and $17 million in business type activity.
Sales taxes accounted for $17.8 million on the former side. On the latter, charges for services brought $11.8 million.
Expenses included general government, $3.1 million; police, $7.8 million; fire, $5.9 million; public works, $4.3 million; culture and recreation, $2.8 million; utility service, $6.8 million; sanitation, $3.0 million.
The year-end government activities fund balance was $9.4 million and reflected use of about $3.2 million to enhance city services, the report notes.