Special Called Meeting December 29, 2022 The Mayor and Council had a Special Called Meeting on Thursday, December 29, 2022, Present were Mayor Richard Presley, Councilmembers Kim Wilmoth, Junior Hardy, Richard Parr and Scott Harper, City Administrator Barbara Thomas. Mayor Presley turned the meeting over to Keith Waters, CPA. 6.00 p.m. at 41 Homer Street. Mr. Waters gave handouts to each Councilmember for audited years of 2020 and 2021. He reported thati it was a clean audit with no findings of wrongdoing. Every The city was over budget in the Public Safety of $7,077, Sanitation $ 2132.00 and Mr. Waters made several recommendations for next year, Increase the Capitalization Review the Downtown Development Authority controls and procedures. The DDA is Mr. Waters recommended that the city review the Water/Sewer Fund due to the fund balance steadily decreasing and the cash flow from operations is not adequate to He did state that the city's cash reserve is very strong with 3 months reserve on hand report and bill that was asked for was received. Culture and Recreation $2,983.00. threshold from $200.00 to $5,000.00. getting larger (more assets and transactions). cover debt services and depreciation. if no other funds were received. Meeting adjourned at 6:37 p.m. Babn homas 93023 fhaualy