City audit report shows budget surplus

By Staff
Kim West
Despite a lagging economy, the city's operating budget has a $3.2 million surplus, according to an audit approved by the Russellville City Council members at their meeting Monday night.
Van Stack, a certified public accountant with Johnson, Stack and Johnson LLC in Florence, reviewed an audit of city's 2006-07 fiscal budget.
"The bills are being paid and everything is running as well as can be," said Stack. "I think overall the city report is good … it's where you end up and not where you start."
Craig Grissom, the outgoing councilman for District I, said contrary to rumors, the city finances are in the black.
"The city has an excellent bond rating and a $3.2 million surplus," Grissom said, who has served on the council since 2000. "I'm really proud that we're in the best shape (financially) in 16 years and that we've been able to give raises to city employees."
David Kennedy, councilman for District 2, said the city has utilized grants to avoid spending local money when possible.
"We have made good use of grants for projects," Kennedy said. "Grant money has allowed us to use less local money on projects and (appropriations).
In other business, the council:

Franklin County

PROGRESS 2024: Veteran Spotlight – Mousey Brown

News

Russellville First Baptist Church receives historical marker

Franklin County

PROGRESS 2024: Meeting a higher standard – Russellville High School JROTC

News

RCS BOE announces new superintendent  

News

Miss Dream Girl Pageant names winners

Franklin County

First Metro Bank hosts FAME Girls’ Ranch donation drive

News

PCHS holds annual Shelby Grissom Memorial Fashion Show

Franklin County

PROGRESS 2024: VFW Post 5184 – ‘No One Does More For Veterans’

Features

Supporting students’ futures

Features

Red Bay Garden Club discusses amaryllis planting

Franklin County

UA announces local students for fall 2023 President’s, Dean’s, graduation lists

News

School news

Franklin County

PROGRESS 2024: Veteran Spotlight – Troy Oliver

Franklin County

Appropriations bill passes, allots more than $3 million for new Russellville library/multipurpose center 

Franklin County

Franklin County Cattlemen’s Association names Cattleman of the Year 

Franklin County

Franklin County votes: Unofficial March 5 primary election results 

Franklin County

Funding for new Russellville library, multipurpose community center expected this week

Features

Faces of Franklin County: BTCPA

News

GFWC Russellville Book Lovers Club sponsors downtown art crawl

Franklin County

PROGRESS 2024: Veteran Spotlight – Cody Bragwell

Franklin County

42nd annual Miss RHS pageant names winners 

News

Miss RHS pageant takes place Friday

Franklin County

Political announcement: David Hester speaks about run for reelection as county commissioner

Franklin County

BTCPA auditions for final production of season take place March 3-4 

x