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City audit ‘looks good’

Revenues outpaced expenditures

By Bert Lehman


The Clintonville City Council approved the 2017 audit of the city’s finances, which turned out to be better than anticipated.

At the Clintonville Finance Committee meeting held on July 9, City Administrator Sharon Eveland told the committee that all three of the city utilities had positive fund balances at the end of 2017.

The rate of return for the water and electric utilities decreased from the previous year, she said.

“But still at the end of the day it was still positive,” Eveland said.

Regarding the city’s primary fund balances:

• The general fund ended at about $1.3 million.

• The capital fund ended at about $1.42 million.

• The debt reserve ended at $141,675.

Secondary fund balances ended at:

• $64,000 for the Clintonville Community Center.

• $164,000 for the Clintonville Public Library.

• $76,000 for the airport fuel fund.

Four city accounts ran up deficits during 2017: housing, refuse, PSLO and transportation.

The refuse account will have to be addressed with garbage and recycling fees imposed on users of that service, Eveland said.

The PSLO deficit was the result of a billing error, which has been corrected and will be fixed by the end of this year, Eveland said.

The transportation deficit involves the city taxi service. Eveland said the city will have to come up with a plan to make up the $14,000 to $15,000 deficit.

“At some point we can’t continue to run these in deficits,” Eveland said.

She added: “Overall our operating budget for end of the year revenues versus expenditures is about $317,000 under budget. The majority of that is salary and benefits.”

The city’s 2017 end of year debt margin was at a rate that would allow the city to borrow only an additional $4.4 million before it maxes out its use of debt, Eveland said.

The city added $1.8 million in debt in 2017. The city is estimated to retire around $1 million of debt in 2018.

“All in all the audit looks good,” Eveland said.

The Clintonville City Council accepted the 2017 audit at its July 10 meeting.

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