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...