By Shaun Szkolnik
For The Tribune
CENTER POINT — The Center Point City Council unanimously approved a motion to accept the yearly audit report from the MPK Group.
Before voting on the motion, the council heard from Andy Key, of the MPK Group, in regards to the report the group prepared concerning the city’s finances for the fiscal year that ended on Sept. 30, 2017.
“Rather than going through thirty-something pages of financial statements, which I don’t think anybody really wants to do tonight, I’m just going to go over highlights,” Key said.
According to these highlights, the city’s total assets as of Sept. 30, 2017, was $12.1 million, and the city’s total liabilities were $716,000, meaning that the city’s total assets exceeded total liabilities by $11.4 million.
“All in all, your net position is in great, great shape,” Key said.
Key described other highlights for the council.
“During the year ended Sept. 30 of 2017, the city’s net position, which represents revenues in excess of expenses, increased by $396,000, which compared to last year, the city’s expenditures exceeded it’s revenues by $197,” Key said. “So, in essence, the city’s net position changed from one year to the next by almost $594,000. So comparatively speaking, the city performed much better in 2017 than 2016.”
In other city news, the council unanimously approved an ordinance to amend the zoning of 100 20th Avenue N.E. and change it from the I1 designation to C1. This change in zoning will allow the property to be developed commercially. It is expected, as the zoning has been changed, that Tacala, LLC will purchase the property of building and operate a new Taco Bell on it.
The next Center Point Council meeting will be held on Jan. 10.