The City of Greenville finished the fiscal year ending Sept. 30, 2011, with an approximately $1.7 million reserve fund balance in its general fund, according to the City’s financial audit.

The $1.7 million is about 5 percent of the City’s annual revenues and increased from the previous year.

“A lot of cities are struggling right now. The City has managed it funds well to maintain a 5 percent reserve,” said Glenn Branum of Branum & Company, which conducted the audit.

The City’s general fund had revenues of $11,305,802 and expenditures and transfers totaled $11,284,935, resulting in a excess for the year of $20,867.

Mayor Dexter McLendon credited the City’s department heads with helping trim the spending.

“Our department heads have really done a good job,” he said. “They really deserve the credit for how well this audit turned out. This is a good audit.”

The audit also revealed that the City’s combined net assets on Sept. 30, 2011, totaled $14,303,423 and that it had $3,420,835 fund balance in its governmental funds – an increase of $284,847 from the prior year.

“As our opinion states, this is clean audit,” Branum said. “The records were in good shape. We didn’t see any problems.”

 

In other business:

The Greenville City Council awarded a contract to J&J Quality Lawn Care Services for the grounds maintenance at Magnolia Cemetery.

The City will pay $3,735 for each cutting for a minimum of 14 cuttings between April 1 and Oct. 31.

“They had the contract last year and they did a great job,” McLendon said.

The council approved the following:

*A payment of $2,309.75 to Lee Electric for the replacement of a Scotsman ice maker at the Depot.

*A payment of $1,275 to Jasper Engines & Transmissions for rebuilding the transmission of Buildings & Grounds Department truck No. 78.

*A payment of $1,154 to Jasper Engines & Transmissions for rebuilding the transmission of Buildings & Grounds Department truck No. 52.

*A payment of $1,106.46 to the Alabama Department of Transportation for repairs to the highway lights and traffic signals at the intersection of Interstate 65 an Hwy. 185 and Interstate 65 and Hwy. 10.

*A payment of $26,680 to Branum and Company for professional fees for the audit of the City’s finances for the fiscal year ending Sept. 30, 2011.

*A payment of $1,740 for a wire mat for the foundation of the new Public Works/Horticulture Department building.

*A payment of $4,396.86 to W.W. Williams for labor and materials for a remanufactured transmission for garbage truck No. 41.

The next city council meeting will be held April 9 at 5:30 p.m. at City Hall.