The Minden City Council began their May 6 regular meeting with an audit report presentation for Fiscal Year 2017 by Karen Labenz from Dana F. Cole. An unmodified audit report was submitted and Labenz outlined changes from previous years.
Overall, the report was positive with a slight increase noted in the General Fund and a decrease in line loss percentage. Suggestions were made to transfer funds and eliminate unnecessary line items.
The unrestricted Internal Service Fund was previously used as a loan mechanism between balance sheets. It hasn’t been utilized in recent years, but it still shows a balance of $9,832 from accumulated interest. The council approved a motion to close out the Internal Service Fund and transfer the balance to the Proprietary Fund.
for full story see May 15 Courier