In a special meeting of the Pierce City council held Tuesday, aldermen reviewed this year's annual audit, which ended March 31.
Dawnata Hopkins and Patti Weber, from The CPA Group in Monett, told aldermen that the city had received an unqualified audit, which is "the best you can get," according to Weber.
The audit is for a "short year" of 11 months which ended March 31, which aldermen had previously determined would provide a better cut-off and reporting of the city's financial information.
The report showed the city's unreserved fund balance was at $244,496.88, an increase of $76,637.63 over last year.
The report indicated a decrease in the city's governmental activities, primarily due to finalization of grants and contributions related to the Ray A. Carver Building that houses Clark Community Mental Health Center.
The city's business-type activities showed a decrease in net assets of $66.022.16 compared to $78,750.31 for the previous year. The improvement was due to insurance proceeds relating to the city's lift station.
Overall, the city's total expenses for the 11-month period exceeded total revenues by $80,415.80.
In other business, aldermen appointed Ellis Motley to the Harold Bell Wright Museum Board. Motley replaces Amy Raley, who resigned her position.
Aldermen approved an ordinance change regarding vacation accrual dates. The board had previously discussed changing the ordinance in February and just received the completed ordinance this month. City employees will now accrue their vacation time during the city's fiscal year, which runs from April 1 through March 30.
Aldermen also reviewed bids on the paving of Short Street from Commercial Street to Adams Street. The project has been broken into two parts, the first from Commercial to Washington and the second from Washington to Adams.
Aldermen approved a bid from Bussey's Asphalt, of Seneca, in the amount of $23,228. The company will prep the street sections, remove or add base rock or other material as needed and layer with three inches of hot mix asphalt. Approval is contingent on the company providing its own workers compensation and liability insurance.
The next regular meeting of the Pierce City Board of Aldermen will be at 7 p.m. on Monday, Oct. 10 at City Hall.