PLEASANT VIEW -- In a recent audit, the city had only one negative finding, which was having a little too much money in the unassigned fund.
The fund had $529,000 -- about $20,000 over the amount that should be in it -- putting the fund at 18.5 percent of the total budget instead of themaximum 18 percent, said Cody Cardon, of Woods-Richards and Associates.
Other than that finding, the city came through the audit with flying colors.
Revenue from building permits was up by $35,000 from last year. Class C road funds increased by $15,000. Zoning and subdivision fees increased by $5,000.
The $2.8 million in total revenue this past fiscal year was an increase of $100,000 from last year.
Revenue from the police department decreased by $16,000 this past year, and total expenditures for the city increased by $70,000.
From the capital projects fund, $868,000 was spent.
The cash in the general fund increased by $114,000, and $19,000 in road fund money went unspent.
Cardon said the city is having some loss in the areas of storm sewer and water funds and said the city is not quite fully funding the depreciation in these areas.
He said there was a loss of $74,000 in the storm sewer fund and a loss of $63,000 in the water fund.
One recommendation for the city was to have someone review bank statements every month.
Cardon said most misappropriations would be represented on some form of bank reconciliation.
He said the city should have someone review the bank statements who has no access to accounting software, such as City Administrator Melinda Brimhall.
"I am a signator on the account, but don't have access to financial software. Can I sign?" Brimhall asked.
"That should be just fine," said Cardon.
Another recommendation was that, with any future projects done with class C road money, any money that remains needs to be deposited in an interest-bearing account.
Cardon also said city staff needs to post journal entries and any adjustments.
Mayor Doug Clifford thanked City Recorder Laurie Hellstrom for all her work.
"She consistently gets a gold star for audits year after year," Clifford said. "We also have an excellent staff."