Lake Santeetlah – A local town’s draft audit was unanimously approved in a special meeting last week.
The Town of Lake Santeetlah’s audit moves the paying of the town’s loan to its general fund from its water and sewer fund.
Councilman Roger Carlton asked several questions to auditor Joe Turchetti during the Oct. 25 meeting, expressing concerns that the audit did not reflect the council’s 2021-22 budget.
Carlton said moving the loan from the water and sewer fund to the general fund could be an appropriate move if approved by the council. However, it was not.
Turchetti then explained that such adjustments are submitted as proposals to the town council, and that such adjustments can be further discussed.
Additionally, Turchetti emphasized that as of June 30, the audit had settled that the two funds did not owe one another, and that all due-to-due-from had been settled.
In explaining the funds to Carlton, Turchetti said that of the $240,000 in funds, the largest two items were $156,000 for water tank improvements and the $95,000 the town paid for the land from its previous owner. Of this, $40,000 will come from the town’s general market account at United Community Bank, $30,000 from the remaining loan funds and the rest will come from the general savings account.
The entire balance of the water system came in at $200,000.
Two public hearings are also on the horizon for the town, including one for a variance on the Lake Point Properties condominium on Nov. 9, and one on Nov. 18 to discuss one-way streets in the town.
Both will be held at 10 a.m. and will be conducted virtually.