Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Town of McBee reports $520,000 in bank at fiscal year end
Summary
Mayor Glenn Odom reported an end-of-year bank balance of $520,000 and said the financial report will be posted publicly to show the town is "financially strong."
Mayor Glenn Odom presented the council with an end-of-year financial figure, stating the town had $520,000 in the bank and that the financial report will be posted on the town hall door and in The Link.
Odom described the town as "financially strong" and used the figure to signal the town's fiscal position while discussing upcoming capital projects and purchases. No detailed budget breakdown, reserves policy or line-item totals were provided in the minutes; the council did not take a separate vote to accept or adopt a formal financial statement during the meeting.
