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Park Rapids' general fund balance stayed the same in 2008. It is within the state auditor's recommended balance, which is important due to the Local Government Aid unallotments this year. (Source: City of Park Rapids)

Park Rapids' net assets increase, general fund balance remains stable

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From a long-term perspective, Park Rapids' finances got better in 2008, said Steven Wischmann, CPA for Kern DeWenter Viere, of St. Cloud.

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Park Rapids' total net assets from operations increased by $992,327, according to the 2008 audit.

For the general fund, the fund balance stayed about the same, with a small deficit of about $22,000. The amount was transferred in to balance the budget.

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