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City auditor: Alexander City general fund deficit narrowed in 2022; utilities remain profitable
Summary
An auditor presented the city—s fiscal year ending Sept. 30, 2022 audit to Alexander City Council, saying the general fund still showed a deficit but had improved, utility funds produced net income and several prior-year financial findings have been cleared.
The Alexander City Council heard a presentation on the city—s fiscal year that ended Sept. 30, 2022, during its July 7 meeting, when an auditor summarized results and progress on prior-year financial issues.
The auditor told the council the city—s general fund still carries a deficit but that "it's continuing to improve," and that the utilities recorded net income in 2022.
The auditor said the fund income statement on page 12 showed the general fund deficit remains but is smaller than in prior years, and that the utility funds shown…
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