Park Rapids' net assets increase, general fund balance remains stable
From a long-term perspective, Park Rapids' finances got better in 2008, said Steven Wischmann, CPA for Kern DeWenter Viere, of St. Cloud.
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.