City of Alva has budget deficit of over $2 million
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May 24, 2020
Marione Martin
The Alva City Council meets at the Alva Recreation Complex May 18. From left around the tables are Brian Wallis, Randy Stelling, Bo Hannaford, Mary Hamilton, City Attorney Rick Cunningham, Mayor Kelly Parker, Interim Business Manager Angelica Brady (hidden), Brandon Sherman, Chris Eckhardt, Connor Martin and Daniel Winters. Seated behind the group is Angela Courson taking the minutes.
When Alva City Council members had an opportunity to read the 84 page FY 2018-2019 audit report last weekend, they learned about an ongoing problem with city finances. For the last several years, all Alva cash accounts have been pooled in one bank account. It appears over the last three years, the city was operating at a deficit, which affected the amount of cash available to pay bills. To keep everything going, money from one fund was borrowed to pay bills in a different fund, and this occurred multiple times.
The audit was done by Angel, Johnston & Blasingame, PC, an accounting firm from Chi...
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