Auditors say city's year good

By GAYLE COULTER State Journal Staff Writer Published:

The City Commission learned total city revenue for the 2002-2003 fiscal year was up by about $4.7 million according to a preliminary audit from the Charles T. Mitchell Company.

Commissioners, with the exception of Tracey Turner Thurman who was absent, met in a short work session Monday night prior to the annual Christmas parade.

Larry Williams with Charles T. Mitchell said the 2002-2003 audit indicates "it was a very positive year."

Williams also said there were no new findings in the 2002-2003 audit and that all of the previous year's findings had been improved or cleared up.

"I don't know how it could get any better," noted Mayor Bill May.

A copy of the full audit will not be available for public view until after commissioners approve the final version of it at their next regular meeting scheduled for Dec. 15.

Reasons for an increase in the city's general liability insurance rate were also presented to commissioners by Granville Coblin with Chenault & Hoge Inc. who is the city's local contact agent with the Kentucky League of Insurance Services.

For more on this story, see the latest State Journal.

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