Financial climb

Published 12:00 am Friday, February 23, 2007

VG mayor reports 8.5 percent asset increase

By Deborah Goodwin

The Selma Times-Journal

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The council resumed its regularly scheduled meeting Thursday following the observance of Presidents Day on Monday, Feb. 19.

Mayor Tom Lee went over the town’s January financial report, prepared by Certified Public Accountant Jimmy Siddens.

Siddens, who prepared the town’s 2005-2006 fiscal year audit, will be preparing all of the monthly reports that were previously done by the city clerk.

There were no reported discrepancies reported in the old format.

According to the report, the town’s net assets have gone from $708,962.82 in October 2006 to $768,980.87 in January 2007. That’s an 8.5 percent increase in four months.

Councilwoman Patsy Moore gave a report on the future walking trail.

Moore also reported receiving lots of calls from citizens concerning roadside trash. Moore said she’d called Larry Friday, director of the Selma/Dallas County Environmental Service & Vector Control, and asked him to send someone out to pickup the blight.

In preparation for Founder’s Day, April 14, Moore is asking anyone interested in a booth to call her. Moore is also rounding up entertainment for the event.

Councilman Don Chandler wanted to thank all who participated in the Feb. 10 workday at the new Public Safety Building.

The date of the next work day has not been set.

Councilwoman Donna Downs was not present, as she was out of town.

The next council meeting is scheduled for Monday, March 5 at 7 p.m.