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Independent auditor: Rolla Chamber motel-tax fund ended 2024 with surplus and five-year lease asset for visitor center
Summary
An independent auditor told council the Rolla Chamber of Commerce's motel-tax fund ended 2024 with assets of about $725,000 and net assets of $503,881; most revenue is motel tax and the chamber renewed a five-year lease with the city for the visitor center.
Amanda Wiggins, a certified public accountant who performed the Rolla Chamber of Commerce audit, told the council the motel-tax fund’s financial statements showed a year-end asset balance of about $725,000 and net assets of $503,881 for Dec. 31, 2024.
Wiggins said roughly half of the fund’s assets were cash, with accounts receivable, fixed assets and a lease asset for the visitor center. She explained the chamber renewed a five-year…
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