Oakboro Town Council reviews audit, swears in new council member
Published 9:56 am Wednesday, December 23, 2020
At the December meeting of the Oakboro Town Council, council members heard a report from accountant Eddie Carrick regarding the town’s audit.
Carrick said the town’s audit for the 2019-2020 fiscal year was a clean opinion, meaning the statements “fairly reflect the books and records of the town.”
Highlighting some of the numbers, Carrick said the town’s general fund was about $83,000 revenues over expenditures compared to a deficit the prior year while the unassigned fund went up $85,000.
Ad valorem taxes and local option sales tax revenue both increased. The town’s total revenues overall were up approximately $166,000 in the year ending June 30, 2020.
Oakboro spent $52,000 more on street improvements. Police expenditures were down from the previous year due to the department having moved into a new building.
Another increased expense was lawn maintenance, which went up to around $70,000, up from $25,000 the year before. The town also paid an additional $75,000 in wholesale cost of repairs and maintenance.
The town also later swore in Mayor Joyce Little and new council member Lanny Hathcock in a separate organizational meeting right after the regular meeting. The council also voted unanimously to keep T.J. Smith as chief of police, Patti Efird as town clerk and Doug Burgess as town administrator.