Anita Weston, Reporter
Rich Civic Times
GARDEN CITY – December 13,
2012Tiffany Wahlberg presented the results of the City audit. She noted that the audit was late because
there were some changes that had to be made prior to completing the audit. She reported that the net assets are up as
well as the unrestricted assets. There
were several inter-fund transfers and some large adjustments that put the City
over budget in some areas. Mrs. Wahlberg said she would be spending some time
in June this coming year with the City Clerk in order to make sure the needed
transfers and changes were made prior to the end of the fiscal year.
Public safety money is sent
to the County Sheriff’s Office and needs to be shown as a payable. The City also needs to budget for the
depreciation for the water treatment plant.
Some motions also need to be made during June in order to make sure that
all adjustments are in order.
Mrs. Wahlberg noted that the
City is in good shape, and the City has done very well in staying within their
overall budget.
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