A representative with the accounting firm Weyrich, Cronin and Sorra reported that the town of Perryville ran a surplus of $1.3 million for the financial year that ended June 30.
Reporting on the town's audit for the spending year, the representative told town officials Tuesday the annual review contained "no material problems with the numbers," though there were two findings that needed correcting.
During Tuesday's town meeting, Karen Dojan, of Weyrich, Cronin and Sorra, briefly went over highlights of the town's audit, at the encouragement of Mayor Jim Eberhardt.
Dojan told the Board of Commissioners, as well as the 15 or so residents in attendance, the town's net assets for the previous fiscal year totaled $51.9 million, with liabilities at $19 million, making the total assets $38 million. It was also found that the town has a favorable balance of $1.3 million, a surplus, meaning town officals had $1.3 million more in revenues than that expenditures.
The accounting firm came up with two findings, Dojan explained, that were then corrected: "misstatements" with the financial statement presentation and an issue with the collateralization of funds, which, according to Dojan was a misunderstanding with PNC Bank, whom the town has accounts with. The town also established an action plan which described how they would prevent from such mistakes occurring again in the future.
Eberhardt asked Dojan, "Would the firm be in a position to do a mid-year review to make sure we're on track with that action plan?" Dojan replied that the findings in Perryville's audit were not extraordinary and the firm doesn't "do an audit for a town where we don't make any adjustments." The firm would be available, however, if the town had any questions regarding the action plan.
Pier project update
A pay request for $171,317.60 was approved by the Board of Town Commissioners for the Perryville pier project, though not unanimously. The project, on the Susquehanna River at Rodgers Tavern, which had been on hold since August, re-started construction in early November.
The funds, town administrator Denise Breder explained, had been previously approved by the town board and was "nothing over and above" what was already budgeted.
Commissioner Michael Dawson asked Breder if the funds came from the federal government or the town. She responded that it was a mix of the two, but wasn't sure of the amounts from each entity. She then reiterated that the funds were "nothing that hasn't already been budgeted."
The board voted to approve the pay request with Dawson opposing the payment.
Parade and Autumn Fest
The town will foot the outstanding bill for the town's annual Autumn Fest and parade, which the Greater Perryville Chamber of Commerce spearheaded this year.
The remaining $2,415 for the event was discussed at the board's work session in November and whether the town should pay the entire amount, or if the responsibility should lie with the Chamber of Commerce. The town had previously budgeted $4,800 for the festival and parade.
Commissioner Michelle Linkey made a motion to approve the entire amount of $2,415, as long as there was some sort of agreement or memorandum of understanding completed between the board and chamber of commerce within three months that spells out who will be responsible for what for next year's event to prevent the same issue from arising.
The payment was approved by Linkey, Eberhardt and Commissioner Barbara Brown, while Dawson voted against the motion and Commissioner Alan Fox abstained.
Train crossing issues
As was requested by Eberhardt during November's work session, Cathy McCardell, Perryville's administrative supervisor, presented to the board more information about train signaling requirements at public crossings.