Auditor reports Fairfield finances could get better

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The financial health of Fairfield was the top discussion during the June 25 City Council meeting at Fairfield City Hall.

Frank Steele, of Anderson, Marx & Bohl P.C., brought the September 30, 2018 annual audit report to the council’s attention, breaking down the city’s various funds, payments and overall condition of the Fairfield economy.

Fairfield’s general fund, which covers about 90 percent of government activity, has $76,000 in free funds. The balance was at $258,000 before the council committed $182,000 to street work in 2019. Government activity covered through the general fund includes fire and police department costs, as well as street and park upkeep. Helping out with the fund was a $289,000 reimbursement from the enterprise fund, which covers water and waste water services.

 

 

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