City gets clean audit
The City of Benton has released their audit findings for the 2010-2011 fiscal year. During the March commission meeting, Richard Hill with Mitchell, Emert & Hill, PC told Benton Mayor Jerry Stephens and City Commissioners Gene Pack and Joe Jenkins they had a “clean” audit.
According to Hill, the City of Benton stayed within their budget for the most part and the water department was able to make a small net profit. Profit for water departments is mandatory in the state of Tennessee and if a utility loses money for two consecutive years the state can recommend an increase to water and sewer rates. Hill also noted that the rate for unaccounted water loss was only 7.29%, well below the state standard of 35%.
Polk County News | P.O.
Box 129 | 3 Main Street | Benton TN 37307
phone: 423-338-2818 | fax: 423-338-4574 | email
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