Dresser financial health improving, says auditor
19 Jun 2018
Polk
Dresser’s long-term financial position seems to be improving, according to accountant Brock Geyen of CliftonLarsonAllen.
Geyen presented the results of the village’s audit last week, noting that the village is no longer running its water service in the red.
“The utilities are slowly paying back what they borrowed from the general fund,” he said.
The village’s assets total $1.3 million, according to Geyen.
The reserved fund balance is $566,000.
“That’s money you can’t spend,” Geyen explained. “That’s advance money from other funds. You have to wait until that comes back.”
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