Saturday, February 4, 2017

Living Large

The Official Unofficial Minutes of the WL BOA
January 18

You might have seen the Mayor's summary of the 2015 audit of the City finances in the Weatherby Lake Living Newsletter.  What you didn't see were some of the numbers in the report (available at City Hall or from your Alderman).
Rob Wilson of Accounting Solutions presented the audit information at the meeting.  One fact that might have slipped past the audience (and the Board) was Wilson's statement regarding net revenue for year...$67,000.  While a good thing in general, it does speak to the fact our sources of revenue are limited and not subject to growth over time...while City expenses are bound to increase as inflation rises.  City employees were given a 3% across the board pay increase for 2017 causing some heartburn among a few of the aldermen.  

No comments: