Another Excellent Audit Report for the City of Neillsville
Thursday, March 24th, 2016 -- 10:26 AM
-The Neillsville City Council heard the 2015 Audit Report at their meeting on Tuesday.The audit, done by CliftonLarsonAllen, in a word: solvent. The representative from CliftonLarsonAllen stated that the information from the city was present fairly and there were no issues. The audit came together nicely with no major problems besides a few minor errors. The representative stated that Neillsville has a healthy fund balance and their sewer/water rates covering the operating costs of the plants.
She said the city also came close to their budget numbers for revenues and even came under budget for expenses. For the city’s TIF district’s she said that they should at least break even, but it would depend on a few factors with TIF District #3. She also said that since TIF District #2 was labeled as distressed, they have an additional 10 years to pay the district off and make back their money.
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