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City shines with audit and recycling program

The city got a clean audit and its recycling program was recognized during a city council meeting Monday.

Levelland ended the 2012-13 fiscal year with both a higher fund balance and more revenue than expected, said Keith Downs, a certified public accountant with Pate, Downs & Pinkerton.

The city had an unrestricted fund balance of $5,312,587, which was an increase from the previous year.

‘The city is very financially solvent,’ Downs said. ‘You came out with a greater fund balance.’

Another highlight of the audit showed that the city’s expenses were $1.99 million less than the $16,192,970 generated in taxes and other revenues.

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