By Faith Callens, For The Tribune
CLAY — The clay council was read their recent audit report on Tuesday, April 26, with financial statements based upon the previous year, 2021, that indicated that the audit was a “clean” opinion with no causes of concern.
Joe Chapman with Cork Hill and Company spoke with the council about the city’s financial highlights for the previous year.
“The city as a whole and revenues exceeded expenses by approximately 1.7 million, that number is down from 2020 by approximately 300,000, and that’s related to the recognition of certain revenues, some were recognized last year, and the money wasn’t received until the beginning of this year. That counts for the difference for that.
“Revenues, in general, are down by 27,000 from 2020, less than a one percent decrease, and expenses are up by 290,000, about an 8.4 percent increase. For the year, about 600,000 was spent on capital asset purchases and about 315,000 was paid down on long-term debt,” Chapman said.
Chapman also discussed the grant funding the city received last year with the American Recuse Plan Act and the Cares Act that was included in the audit’s financial highlight.
Chapman told the council the ARPA funding amount for the previous year was around $1.2 million and must be used fully before December 2024.
City Manager Ronnie Dixon said the city’s funding allocated for 2022 is similar to or around the same funding amount as 2021, and in total, it’s about 2.4 million.
The next city council meeting is May 10, 2022.
Items approved on the consent agenda:
- Resolution 2022-05-The council approved resolution 2022-05 to release notice for abatement of weeds on a property within the city limits of Clay.
- Resolution 2022-06- The council approved resolution 2022-06 to declare weeds within the city to be a public nuisance.
- Resolution 2022-07- The council approved resolution 2022-07 to declare a personal property a public nuisance.
- Proclamation 2022-01- The council approved proclamation 2022-01 to allow a day of prayer for the community.