News - State
Monroe officials celebrate good audit, surplus
Posted: Nov 15, 2012 8:22 AM by AP
MONROE, La. (AP) - Auditors say the city of Monroe had one of its best audits in recent history and its eighth straight surplus.
A $147,000 surplus for fiscal 2011 brings its overall fund balance to $14 million.
CPA Francis Huffman said the only problem was a continuing sewer fund deficit. Mayor Jamie Mayo says about $2.5 million in water fund surplus money was used to reduce the $5 million sewer fund deficit.
He says a longtime solution is needed, so the city will have to raise sewer rates.
Consultants recommended an increase from $9.16 a month to $14.20 per month city residents who use up to 4,000 gallons a month, and from $13.74 to $21.32 for people who live outside the city and use that much.
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Information from: The News-Star, http://www.thenewsstar.com
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