By Glenn Collins
Tuesday, December 6, 2011 | 5:12 AM
Haleyville's financial situation is fairing well compared to other cities. That was the word from Dicky Sparks, the CPA whose firm audited the City's fiscal year 2010 books. Sparks presented his findings to the Council at its meeting Monday night.
The City's change in its net funds balance on the positive is far from the norm since the economy tanked in late 2008. Sparks said to the council, “I commend each of you for keeping expenses in line while promoting growth in your economic base.”
In action, the Council raised its authorized credit line to $975,000. That is an amount that will cover all the capital projects about to begin throughout the City. Most of those expenditures will be covered by grant monies.
The Council granted a permit to ALDOT for installation and modifications to the traffic signal at Village East.
The Council meets again on Tuesday, January 3rd. Note that January 2nd is a holiday.