NEWS
City of Bowie receives a ‘clean’ audit
By BARBARA GREEN
[email protected]
The City of Bowie received an unqualified outside audit for fiscal 2021-22 and accepted the report at this week’s meeting.
Councilors heard from Valerie Halverson of Mathis, West and Huffines who made the audit presentation. She thanked the city staff for its work and cooperation, noting there was one new accounting standard that had to be incorporated this year for leases.
With this standard leases are considered and booked as an asset and liability. Halverson said in that first year it is often hard to get into the new rules. The city’s primary leases are with Enterprise for its approximately 30 fleet vehicles. The capital assets and lease liabilities were increased by $408,513 and $186,908.
Here are some of the financial highlights:
• The assets of the city exceeded its liabilities at the close of the most recent fiscal year by $31,455,659 (net position). Of this amount, $10,274,974 (unrestricted net position) may be used to meet the city’s obligations.
• During the year the city’s total net position increased by $1,504,469.
• The governmental funds reported a fund balance of $3,095,390, which is an increase of $330,020 from the prior year. Of this amount, $2,092,710 is available for spending at the government’s discretion and $706,803 is restricted for specific purposes. The remaining $295,877 is assigned by the city council for infrastructure purposes.
Read the full story in the weekend Bowie News.
By BARBARA GREEN
[email protected]
Trustees of the Bowie Independent School District welcomed one new member this week following the Nov. 5 election and accepted the 2023-24 outside audit with no exceptions.
Incumbent Trustee Jacky Betts returned to place one and Angie Christmas took the place two seat. After the board officers were dissolved with the new ones taking the oath, officers were elected. Betts will continue as president, Guy Green as vice president and Kent Dosch as secretary.
Paul Fleming of Edgin, Parkman, Fleming & Fleming, PC, presented the audit telling there were no issues and the process went smoothly. He noted the biggest change was the Legislature compressing the district tax rate and additional changes in the tax law. State aid formula grants increased due to the state’s funding formula compensating for lost property tax revenue due to the law change previously mentioned.
Read the full story in the weekend Bowie News.
By BARBARA GREEN
[email protected]
Information was the watchword for the second hospital/emergency room community meeting Tuesday night, as the steering committee was announced along with additional financial considerations.
About 50 people attended the meeting. Melody Gillespie, who was named chairperson for the committee, said the goal is to gather information to get it out into the community. This group was formed after the Bowie emergency room was closed by Faith Rural Health System in early October just shy of one year of operating in Bowie.
Kylie Ward, one of the public relations volunteers, said, “This committee is not here to force things on you and there are assumptions already we are proposing a tax. We are not, we don’t have that ability, we are just a research team here to explore all the options.”
Other members of the committee include Tiffany Chandler and Damon Benton handling finance and grant research; Jennifer Tellef, secretary; Valerie Tomerson, grant research; Ann Smith, PR and Margin Latham and Gillespie, legislative research. It was pointed out there are other members of the sub-committees who are helping with research, but they also invite anyone interested to help with the process.
Read the full story in the weekend Bowie News.
Top photo – Jack County Judge Keith Umphress spoke at this week’s steering committee meeting. (Photo by Barbara Green)
The following indictments were filed with the 97th District Clerk following the November session of the Montague County Grand Jury.
There were a total of 13 indictments with one sealed awaiting the arrest of a suspect.
A grand jury indictment is not evidence of guilt. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
Read the full list of indictments in your mid-week Bowie News.
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