A review of the city’s financial condition and 2007-08 audit report, along with bids for insurance coverage and lawn care, led off a busy Albion City Council meeting last Tuesday night, March 10.
Accountant Marcy Luth pointed out several positive trends in the city’s financial picture.
In addition to explaining various areas of the audit report, Luth, a partner in the city’s auditing firm, presented financial comparisons with peer population communities. Albion has been doing well in limiting general obligation debt, limiting property taxes and maintaining a strong sales tax base and cash reserve, she noted.
The council also decided to consider the possible “pooling of resources” in law enforcement, and accepted bids for insurance and lawn care.
See the Albion News Print Edition for details.