“The audit was completed sometime in early February,” said Tom Rhinehart, finance director. “It revealed that overall the city has a very good cash surplus due to increased assets, but some of the departmental funds didn’t do as well as we would have liked.”
A fund, Rhinehart explained, isn’t like a mutual fund, but more like a set of books that one would keep for a business — assets versus liabilities.
“The overall consensus is that the general fund is doing well,” he said. “All but one of the 23 departmental funds produced revenue. The one exception, the gas fund, showed a small loss. But overall, the audit shows the city is in good shape.”
The city retirement fund posted assets of $28,149,219, a nearly $2 million increase over the previous year.
The council approved a request for $1,351.14 for an engineering assistance grant for the Cartersville airport. The grant will be combined with $53,000 in state and federal grants for drainage work at the airport.
Parks and Recreation Director Greg Anderson said his department received four bids for installation of lighting at the Dellinger Park pool. He said that two bids, one the lowest bidder, didn’t fit the stipulated specifications and he recommended the contract be awarded to West Georgia Lighting for $51,160. However, Muscot Lighting, of Dahlonega, appealed, saying it was the lowest bidder and its product was superior to the winning bidder. After questioning, council decided Muscot’s bid did not fit specifications and approved Anderson’s recommendation.
Council also approved the promotion of Tommy Sanders to Public Works Department head, succeeding Bobby Elliott who resigned to pursue other interests.
In other business, the council:
• issued a proclamation declaring April 20 as the Ray Southern Memorial Cleanup and Atco Community Day, honoring the former public works director who died in 2012. Southern was one of the original members of the committee that established Keep Bartow Beautiful in 2000.
• presented certificates to 21 graduates of the Citizen’s Academy
• swore in municipal court judge Harry White and city attorney David Archer
• appointed Valerie Holt to the Historic Preservation Commission
• released the liens on two properties as part of the five-year forgivable loans first-time homebuyers program after residents at both properties had resided at the properties for the stipulated five years.
Cartersville City Council’s next meeting will be held Thursday, April 18, at 7 p.m.