Town recognizes Steven Sims for excellence in public works and financial reporting achievement

The Northlake Town Council convened on December 12, 2024, to address several key agenda items, including employee recognition, financial reporting, and investment updates.

The meeting began with a commendation for Steven Sims, who has been with the town since October 2019. Initially starting as a maintenance worker, Sims has progressed through various roles, culminating in his current position as crew leader. His background includes experience as a pest control technician and work in the oil and gas industry. Council members praised his professionalism and the importance of public works in the community.

Following the recognition of Sims, the council celebrated the town's achievement in financial reporting. The Government Finance Officers Association awarded Northlake a certificate of achievement for excellence in financial reporting, highlighting the town's commitment to transparency and adherence to accounting standards. This award reflects the town's efforts to maintain high standards in financial practices, which are crucial for public trust.

The council then reviewed the fourth quarter investment report, noting that the town's investment book value stands at approximately $92 million, primarily allocated for capital projects. This figure represents a 14% increase from the previous quarter, attributed to strategic investment strategies that have yielded $933,000 in interest earnings. These funds are expected to assist in managing debt service for upcoming projects.

In the financial report, the council indicated that 75% of budgeted revenues have been recorded, with property taxes exceeding expectations at 106% of the budgeted amount. The council acknowledged that many capital projects had their expenditures deferred to the current fiscal year, impacting the overall financial picture.

The meeting concluded with a focus on the town's financial health and the importance of continued diligence in managing taxpayer funds. The council expressed optimism about future projects and the ongoing commitment to transparency and accountability in financial reporting.