By Glynis Crawford Smith
The Highlander
Victory in a years-long effort to establish a comfortable general fund balance seems to be in sight for the City of Granite Shoals.
City Manager Ken Nickel told the city council Tuesday night, Dec. 12, that he would have to wait for an official pronouncement from the upcoming audit, but the city's own summary of Fiscal Year 2016-2017 is promising.
“Between the increase in revenue and less money expended we are $243,456, net, to the good,” he said. “Added to current reserves, I believe we will hit the 90-day reserve of normal or best practices.
“It is nice to have the balance, but we have to remember, one major expense could knock it out.”
