![\"IMG_9994C\"](\"http:\/\/hbtv.us\/News-for-Haleyville\/wp-content\/uploads\/2016\/01\/IMG_9994C-300x103.jpg\")
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The Haleyville City Council met Monday and approved the regular operating bills and purchase orders for July in the amount of $430,413.77. The non-educational tax abatement for American Manufacturing which had been previously discussed\u00a0was approved for a 10 year period.<\/p>\n
The purchase of two police cars was approved from the low bidder, John Carpenter Ford in Moulton for a total cost of $46,930.44. The other bid was from Long-Lewis for $49,240.00.<\/p>\n
Mayor Ken Sunseri read a portion of the financial statements for the city’s fiscal year which ended September 30, 2015. The report highlights stated the City’s net position exceeded its liabilities by $8,221,607. At the government-wide level, total assets and deferred outflows of resources increased by $3,076,078 and total liabilities and deferred inflows of resources increased by $1,691,941 from the prior year.<\/p>\n
The City’s governmental funds reported a combined ending fund balance of $3,428,292, an increase of $431,539 from the prior year. The portion of the total ending balance that can be spent at the City’s discretion is $2,581,104 and is presented as unassigned fund balance in the governmental fund’s balance sheet.<\/p>\n
Total revenues for the City’s governmental activities increased by $199,267, or 2.5% from the prior year. The City recorded a gain on disposal of fixed assets of $1,247,269 which was largely due to the sale of the old City Hall building.<\/p>\n
Total expenditures for the City’s governmental activities decreased by $154,458, or 2.58% from the previous year. The majority of this decrease is due to lower interest costs due to the refinancing of long-term debt in the later part of the year.<\/p>\n
You can get a complete copy of the financial report with a request to city hall.<\/p>\n
The next meeting of the Haleyville City Council will be Tuesday, September 7, postponed from the day before because of Labor Day.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Haleyville City Council met Monday and approved the regular operating bills and purchase orders for July in the amount of $430,413.77. The non-educational tax abatement for American Manufacturing which had been previously discussed\u00a0was approved for a 10 year period. The purchase of two police cars was approved from the low bidder, John Carpenter Ford […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"image","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/posts\/5794"}],"collection":[{"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/comments?post=5794"}],"version-history":[{"count":4,"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/posts\/5794\/revisions"}],"predecessor-version":[{"id":5801,"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/posts\/5794\/revisions\/5801"}],"wp:attachment":[{"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/media?parent=5794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/categories?post=5794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbtv.us\/News-for-Haleyville\/wp-json\/wp\/v2\/tags?post=5794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}