Avard Regional Rail Park Authority passes audit
August 11, 2017
Treasurer Todd Holder told members of the Avard Rail Park Authority that the organization was in ten times better shape than it was nine months ago. The group has bank funds of $378,742 with long term assets of $5,322,335.08. The current liabilities are $155,577.72.
The income statement shows net income of $255,279.28.
The board members agreed to pay $7,200 to Trackworks to repair six joints of pipe. Martin Marietta will pay the balance for track repairs.
Sonja Williams and Randy McMurphy will investigate the possible costs of building a pond for those who need water by damming up a drainag...