Park Rapids audit shows healthier fund balance but higher expenditures
The Park Rapids City Council approved the 2011 audit report last week.
The report, compiled by Kern, DeWenter, and Viere, includes a financial analysis.
At the end of 2011, the city's governmental funds reported combined ending fund balances of $4,311,208. The fund balance in the general fund increased by $109,210 to $1,723,658 at the end of the year.
General fund expenditures for 2011 increased $176,085 over the budgeted amount for a total of $2,674,944.
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