Unlimited Access. Try it Today! Your First 10 Days Always $0.99

Topics

Richard Hanna
Bel Air's financial position called 'very solid'
Bel Air's financial position called 'very solid'

Bel Air's town government received a clean bill of health in its most recent audit, which both town officials and the auditor say shows the town has an enviable financial position. One result was both operating and capital reserves were increased following the 2013-14 fiscal year covered by the audit. The Board of Town Commissioners accepted the final audit report performed by SB LLC during Monday's town meeting. In going over some of the audit's highlights, town Finance Director Lisa Moody said general fund expenses came in $567,326 under revenue on a budget of $11.86 million. As a result, the town increased its capital reserve by $330,000 and the general fund's...

Loading