In June, Bartow County Commissioner Steve Taylor approved a quit claim deed transferring ownership of the Euharlee Covered Bridge to the city of Euharlee.
“To be quite honest, I never realized the county owned the bridge,” Taylor said then. “I just assumed it belonged to the city of Euharlee. Now it does.”
To show its gratitude to the county, the Euharlee council presented a miniature version of the bridge to County Administrator Peter Olsen.
“We will display this in the county commissioner’s office,” Olsen said.
Christian Hatch, an accountant with Williamson & Co. CPAs, presented the 2013 fiscal year audit.
“This audit was conducted in accordance with auditing standards generallly accepted in the United States,” Hatch said. “For the year ending Dec. 31, 2013, the city receives an unmodified audit opinion also known as a ‘clean opinion’ and it says that the basic financial statements were fairly presented and all material respects and conform with all generally accepted accounting principles.”
Hatch said that at year’s end total assets exceeded total liabilities by $8,181,655, an increase of $419,500 from fiscal year 2012.
“The primary reason for the increase is a combination of capital asset additions and reductions in the city’s long-term liabilities,” he said.
Hatch said that total tax revenues amounted to $1,861,976, a $38,184 decrease from 2012 attributed mainly to a continued decline in revenue derived from the Special Purpose Local Option Sales Tax (SPLOST) and the Local Option Sales Tax (LOST).
Euharlee’s cash balance of $3,402,926, is a $470,639 increase over 2012.
In other business, the council:
• Approved shortening the Covered Bridge Festival from three days to two days.
• Approved Food Truck Friday events for the second Friday of July, August and September.
• Approved monthly projects payable in the amount of $47,350.24.
The Euharlee City Council will meet again on Tuesday, July 15, at 7 p.m. at city hall.