The City of Cherryvale receives its 2025 audit.
At last night's Cherryvale City Council Meeting, Emily Franks of Jared, Gilmore and Phillips presented the audit, and says the city's financial statements are materially correct.
Franks did mention three items considered material weaknesses, including preparation of financial statements, and segregation of duties. Franks says that these issues are difficult to avoid with a small staff, and encouraged financial oversight by the council and mayor. An issue with the way utility bills were calculated during a software changeover was also brought up.
In other business, a mill levy increase was brought up, with options for a 3 or 5 mill increase. Council members decided to discuss the issue at the next meeting on August 17th.
The council also heard an update on a state revolving fund application from Ben Coltrane with Midwest Engineering Group. Coltrane says the city has qualified for a loan from the Kansas Department of Health and Environment of up to $538,000 at a 60% interest rate with 30% loan forgiveness for the project to replace pumps at the city's sewage lift station. The City has until October 15th to make a decision on the measure, and the council will also review an financing option from the Rural Water Financing Agency.
The Council also approved a measure eliminating the assistant police chief title and converting the position to a lieutenant with no change in pay. Finally, council members approved listing an ambulance for public auction. The next Cherryvale City Council Meeting will be on Monday, August 17th at 6 p.m.
