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Maplesville receives favorable audit

Published 6:08pm Wednesday, November 13, 2013

The Maplesville Town Council received and approved an audit report Tuesday at its meeting moved from Monday because of Veterans Day.

Janice Hull of Hull & Russell PC in Clanton presented the audit report for Fiscal Year 2012–2013 to the council and highlighted the town’s total revenues and expenditures.

Hull said revenues were $1,036,526, compared to $1,029,448 for the 2011–2012 fiscal year.

“You spent less this year than you did last year,” Hull said. “You have a good audit report again this year.”

At the beginning of the year, the town owed $120,027 on loans through Peachtree Bank and paid off three loans to reduce that debt by $84,941, creating a balance of $35,086 owed on the sewer loan.

The council is considering paying off the sewer loan in order to save about $3,500 in interest.

Total expenditures for FY 2013 were $820,504, leaving a balance of $216,022.

Expenditures for the 2012 fiscal year totaled $846,627, leaving a balance of $182,821.

Hull said she found no discrepancies in the town’s management of money this year.

“I thought you had done a very good job this year,” Hull said. “Your records all look good. I didn’t see any problems at all.”

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