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Audit shows Cherryville's net position rose by $551,433 in fiscal year 2020
City of Cherryville City Council · March 1, 2026
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Summary
Butler & Stowe presented the FY2020 audit showing the city's net position increased to $20,356,523, an unassigned fund balance of $782,293 and a debt reduction of $295,293; the audit report was issued in December 2020 and approved by the Local Government Commission in January.
Butler & Stowe presented the City of Cherryville's annual audit for the year ending June 30, 2020, showing an increase in the city's net position and a reduction in debt.
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