Tullos officials get good audit report

Town auditor CPA David Vercher’s audit report review was a main topic of discussion at the January meeting of the Town of Tullos Council last week. The findings and summary of the budget were presented to the Council.

Vercher informed the Council that the town received an unmodified opinion, which is the best the town can receive. He then went into the breakdown of the town’s funds, starting with the General Fund and Special Revenue Fire Fund. He updated the Mayor and Council on the following financial statements regarding Governmental Funds.

“Overall, the General Fund is making enough to cover itself,” Vercher said. “You had a transfer out of about $24,000 to water and sewer but that happens sometimes. And you basically broke even with the special revenue fire fund and that’s what you want to see.”

 

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