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Bluff City board approves monthly financial report, fund balances presented
Summary
The board approved the town's monthly financial report after staff presented fund balances and updates on an ongoing audit; members discussed timing for future packet distribution and online bill-pay implementation.
The Bluff City Board approved the municipal financial report after staff presented fund balances and updates on administrative operations and the annual audit.
Alderwoman Payne moved to approve the financial report; Alderwoman Keith seconded. Board members who were recorded as voting yes included Alderwoman Payne, Alderman Malone and Alderwoman Keith. The motion carried and the board approved the financial report.
Town staff also reported on the annual audit underway this week and discussed the town’s consideration of hiring a fourth municipal clerk in light of an anticipated online payments rollout that may change workload. Staff reported fund balances in the meeting packet, including a general fund balance of $2,745,560 and an approximate water/sewer fund balance of $773,553; some figures in the transcript were not fully legible and are recorded here as provided in the packet.
Board members requested that future monthly reports be distributed earlier so members have time to review before the meeting, and staff said they will attempt to provide reports with more lead time when feasible.
