VICKSBURG, Miss. — A city in Mississippi has received good news about its finances.
Vicksburg officials heard a report last week about the city’s audit for the budget year that ended Sept. 30, 2016.
The Vicksburg Post reports that the city’s net worth increased from $112 million to $115.2 million with total assets of $199 million. Total liabilities were $92.3 million.
Vicksburg ended the budget year with a fund balance of $25.3 million.
Auditor Booker T. Camper says the police department and municipal court should do a better job of keeping up with cash receipts. He characterizes this as a minor issue.
Mayor George Flaggs Jr. says Vicksburg has increased its cash reserves and has left some city jobs unfilled. He says those changes have helped the overall financial picture.
Information from: The Vicksburg Post, http://www.vicksburgpost.com