Wolfforth gets clean audit report
Wolfforth received a clean audit report from accountants on Monday night.
David Hettler with Ehler & Hettler told City Council members that this year’s financial statements are similar to those from the year before.
“We’ve issued an unqualified opinion,” on Wolfforth’s finances, Hettler said. “Overall, you’ve done pretty good.”
He noted that the city has seen some small losses in its operations and enterprise funds.
Hettler also recommended that if the city builds a water treatment center or makes other water improvements, it should raise rates to cover the costs of those improvements. That’s because the city operated at a loss on water sales last year, he said.
City Manager Darrell Newsom said the city intends to raise rates because creditors will require a raise for the city to finance the projects.
Hettler said he did not initially catch that a cable company has not been paying franchise fees to the city. The company stopped paying the fees in September of 2010 at the end of that fiscal year.
City Secretary Debbie Perkey said the city might have about $25,000 due in franchise fees over the past two years.
“I don’t think you’ll have any trouble getting it. They owe it,” Hettler said.
Perkey said the city is already in contact with lawyers from the cable company.
Council members approved the audit report unanimously.
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