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Milton reviews January finances and schedules work session and special meeting with auditor
Summary
The board reviewed January financial statements for the general and water-sewer funds, discussed disconnected accounts and late fees, and scheduled a work session and a special meeting with auditor Tony Brewer to review and accept the FY 2025 audit.
At the March 10 meeting Milton’s finance officer, Elizabeth Lattime, presented January financial statements for the General Fund and Water-Sewer Fund. She listed balances and noted routine operational items including one new utility application, six disconnections in January for nonpayment, and one late fee. The General Fund bank cash on hand was reported as $81,904.62 and the Water-Sewer Fund bank cash on hand as $79,325.58; outstanding checks and withdrawals were noted and Elizabeth said she would correct a withdrawal figure.
The board announced a work session on Feb. 11, 2026, 4–6 p.m., followed by a special meeting with auditor Tony Brewer at 6:00 p.m. to review and accept the FY 2025 audit and discuss a proposed computer upgrade and financial training for staff. The meeting record indicates motions to adopt municipal accounting services via a memorandum of agreement and to enroll the finance officer in training, both approved unanimously.
Commissioners asked that budget and water-rate changes be placed on the April work session agenda to prepare for a March public hearing on water-rate changes. The board recorded routine administrative items related to the NC Capital Management Savings Trust account and budget amendments that will be formalized in documents.
