Alva Review-Courier -

Avard Regional Rail Park Authority shows profit


October 12, 2017

The profit and loss sheet for the Avard Regional Rail Park showed income of $70,170 for the third quarter of 2017. The expense side of the ledger showed expenses for development, insurance, mortgages, etc., so that the net ordinary income was negative at -41,664.98.

The balance sheet showed a healthy checking account of $351,892.49, with $123,786 surplus above projected needs.

In other business, the board agreed to pay $575 for permits to enable submission of forms to meet regulations for water sources at the Avard Rail Park.

Randy McMurphy said the commissioners own several RV type lots in...

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