New Point council hears financial update; general fund at $57,005.35
At its Sept. 8 meeting the New Point County Council reviewed its finances, reporting a general fund balance of $57,005.35, a community building fund of $11,542 and a sewage operations fund of $139,795.76; officials said a USDA loan of about $35,006.55 will not be paid off early.
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The New Point County Council opened its monthly meeting by delivering a routine financial report and setting a timeline for the budget process. "Our general fund stands at $57,005.35, which is good," the council chair said, noting the town is in the eighth month of the fiscal year and monitoring potential cuts from higher-level budgets.
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