Quantcast

Clean audit for town

  • Thursday, May 9, 2013

Summerville received a clean opinion in its 2012 audit, Town Council heard Wednesday.
The town ended the year with a $1.8 million surplus in its general fund.
The money was added to the fund balance, the town’s savings, which now stands at $15.3 million.
Although the 2012 budget as originally written showed a deficit, council amended it partway through the year to reflect revenues coming in higher than expected and a cut in expenditures.
The hospitality and local accommodations tax fund shrank considerably because council used $3 million to pay off the parking garage debt, Charlotte Allen of WebsterRogers said.
The sanitation fee fund was the only fund to end the year with a deficit, she said. It was short $118,000.
Council will probably begin discussing the 2014 budget at a workshop in August.
 

Friends2Follow
mr ks logo
(843) 875-4700

Your local Summerville grocery store

404 North Cedar St. and 1605 Central Avenue

Latest Videos
Upcoming Events
News from Twitter

The Journal Scene

© 2016 The Journal Scene an Evening Post Industries company. All Rights Reserved.

Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Parental Consent Form.