2015 NORTHPORT AUDIT: CITY IN GOOD FINANCIAL STANDING
The Northport City Council presented its 2015 audit Monday night, and there was plenty of good news.
City representatives said the audit found the city in good financial standing and said it meets most benchmarks for a city of Northport’s size.
Northport Mayor Bobby Herndon said he’s not surprised by the findings.
“We have money in the bank like we’ve never had money in the bank before,” he said. “With all of the new equipment that we’ve bought, that we’ve been able to pay for, our assets have gone up twice as much as our debt has, and so that’s a great thing”
The auditors also suggested any city financial issues can be solved with a fully informed council.