{"id":8750,"date":"2018-07-06T17:57:09","date_gmt":"2018-07-06T17:57:09","guid":{"rendered":"https:\/\/losfresnosnews.net\/?p=8750"},"modified":"2018-07-06T17:59:22","modified_gmt":"2018-07-06T17:59:22","slug":"recent-audit-reports-city-finances-in-good-health","status":"publish","type":"post","link":"https:\/\/losfresnosnews.net\/?p=8750","title":{"rendered":"Recent Audit Reports City Finances in Good Health"},"content":{"rendered":"<div id=\"attachment_8754\" style=\"width: 610px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8754\" class=\"size-full wp-image-8754\" src=\"https:\/\/losfresnosnews.net\/wp-content\/uploads\/2018\/07\/DSC_0226.jpg\" alt=\"\" width=\"600\" height=\"480\" srcset=\"https:\/\/losfresnosnews.net\/wp-content\/uploads\/2018\/07\/DSC_0226.jpg 600w, https:\/\/losfresnosnews.net\/wp-content\/uploads\/2018\/07\/DSC_0226-300x240.jpg 300w, https:\/\/losfresnosnews.net\/wp-content\/uploads\/2018\/07\/DSC_0226-405x324.jpg 405w, https:\/\/losfresnosnews.net\/wp-content\/uploads\/2018\/07\/DSC_0226-80x63.jpg 80w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><p id=\"caption-attachment-8754\" class=\"wp-caption-text\">Los Fresnos is thriving. Photo: LFN Archive<\/p><\/div>\n<p style=\"text-align: center;\"><em><strong>by Tony Vindell\/LFN<\/strong><\/em><\/p>\n<p>The financial standing of the City of Los Fresnos is as good as it gets for a municipality this size, a 2016-17 comprehensive annual financial report reveals.<\/p>\n<p>For the fiscal year that ended Sept. 30, 2017, the city had assets of more than nearly $16 million, compared to more than $9.7 million during fiscal year 2015-2016.<\/p>\n<p>In liabilities, the city ended the 2017 fiscal year with more than $9.8 million, compared to a little more than $5 million the year before.<\/p>\n<p>That resulted in a net difference of more than $9 million, compared to a net of more than $4.8 million the year before, the report shows.<\/p>\n<p>In its general fund, the city took in more than $3.7 million in revenues against more than $3.5 million in expenses.<\/p>\n<p>The city, however, received money from the Federal Emergency Management Agency and other government entities of more than $2.2 million dollars, ending its total fund with more than $6.8 million.<\/p>\n<p>Quentin Anderson, an accountant with Carr, Riggs &amp; Ingram who gave an overview of the report during a city council meeting, said Los Fresnos is a recipient of significant federal grants.<\/p>\n<p>The city received more than $1 million from FEMA during the fiscal year and invested all the funds into projects of infrastructure.<\/p>\n<p>Quentin said the city of Los Fresnos continues to excel in all aspects of financial management.<\/p>\n<p>Proof of this is that the Government Finance Officers Association of the United States and Canada awarded the city a certificate of achievement for excellence in financial reporting for the ninth consecutive year, the report states.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Tony Vindell\/LFN The financial standing of the City of Los Fresnos is as good as it gets for a municipality this size, a 2016-17 comprehensive annual financial report reveals. For the fiscal year that ended Sept. 30, 2017, the city had assets of more than nearly $16 million, compared to more than $9.7 million [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local"],"_links":{"self":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/8750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8750"}],"version-history":[{"count":1,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/8750\/revisions"}],"predecessor-version":[{"id":8761,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/8750\/revisions\/8761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/media\/8754"}],"wp:attachment":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}