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Audit shows city with increased assets due to projects

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By Kristin Beck

The city of Carrollton and Carrollton Utilities both saw their assets increase last year, according to the fiscal year 2011 audit presented Monday night.

Raisor, Zapp & Woods, P.S.C. performed the city of Carrollton’s annual audit. The report separated Carrollton Utilities from the rest of the city.

The city’s total assets are a little more than $58.5 million, while its total liabilities are roughly $12.2 million, for a total of about $46.2 million in net assets. This is up from the 2009-2010 fiscal year of roughly $38.6 million.


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The Carrollton News Democrat | circulation@mycarrollnews.com | 502-732-4261
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