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 Av...



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