Audit: Hyde Park Reports $52M in Assets, Notes Two State Compliance Findings
Auditors reported Hyde Park’s total assets at about $52 million with a $5.5 million increase in equity; they cited two state compliance findings: general fund balance above the state threshold (41% vs. 35%) and a $64,000 overage in the sewer/storm fund.
The full story
Hyde Park — Auditors from Ritchey May presented the city's annual financial report Dec. 10, reporting roughly $52 million in total assets and a net increase in equity of about $5.5 million for the year.
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