Park Rapids audit shows healthier fund balance but higher expenditures | Park Rapids Enterprise
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Park Rapids audit shows healthier fund balance but higher expenditures

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The Park Rapids City Council approved the 2011 audit report last week.

The report, compiled by Kern, DeWenter, and Viere, includes a financial analysis.

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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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Anna Erickson
Anna Erickson is editor of the Park Rapids Enterprise.
(218) 732-3364
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