The Town of Ranlo’s fiscal year 2022 audit has been accepted by the Local Government Commission. With this submission, the Town is current with all outstanding audits.
Town Manager Jonathan Blanton stated, “When I arrived in Ranlo in 2020, the Town had not submitted an audit to the Local Government Commission since fiscal year 2016. This was the most pressing issue that our elected officials and I had to tackle. Since then, we have undertaken and completed six audits. The findings from fiscal year 2022 are certainly the most positive and reflect the benefits of the hard choices the Town had to make regarding raising the utility rates and adjusting the tax rate. I am very proud of this audit, and I greatly appreciate the support of our elected officials in adopting and supporting our recommendations to provide financial stability to the Town.”
The Fund Balance for the Utility Fund grew in the amount of $292,739, compared to a decrease in the Utility Fund by $95,931 in fiscal year 2021. Also, the Fund Balance for the General Fund grew in the amount of $1,018,224, with the inclusion of the Town’s ARPA funding. Less the ARPA funding, we were able to grow the Fund Balance for the General Fund by $433,696. Overall, the Town’s overall fund balance for the General Fund is 67%.
A full copy of all six audits are available on the Town’s website.