Carbon Hill releases January and February fund balances | News

The town has seen problems over the years, with financial records disappearing and officials unable to perform audits. But authorities have been working to oust the records.

Dodd, who served as auditor for the Alabama Department of Public Accounts for 32 years before retiring, advises the town, recently reported bank statements have been reconciled, and an audit of the records is expected soon. It’s supposed to start.

The opening cash balance on January 1 was $893,853.23, the ending cash balance on February 29 was $1,015,332.06, and the general fund on February 29 was $191,168.89. The town received $172,971.44 and spent $194,584 in January, spending $41,613.55 more than it received. . The town received $269,350.86 in February and spent $126,258.48, leaving $143,092.18 after expenses.

The insurance account had $105,268 in income in February after having no income in January. The corrections fund also got about $10,000, and the alcohol account got about $5,000 after receiving about $1,600 in January.

Approximately $175,370 was disbursed from the general fund in January and $84,754 in February, resulting in a balance of $191,168.89 on February 29th, up from $157,809.14 on January 1st. American Rescue Plan funds were $241,569 through two months. The Alabama Reconstruction Fund raised about $5,200 in his two months, and he had $63,187.57 at the end of February.

Other accounts for February 29 included an improvement account, $38,483.43; volunteer work, $85,272; police, $21,968; Hillfest, $5,619.78. Liquor tax, $79,899.99. Parks and Recreation, $857.22. Old Pisgah Cemetery, $488.38. and Street, $11,863.83.