Tuesday, May 10, 2011

Borough receives clean audit

Columbia Borough received a clean opinion from its auditors Monday night.

Mike Reiner of the firm of Sager, Swisher and Company presented the 29-page document to the full council, which was approved later in the meeting. Reiner had made a detailed report at council's April finance committee meeting.
Reiner said the borough's economic condition has improved and actually ended 2010 with a small surplus.
Reiner said over the last five years, the borough has been able to build up their low fund balances.
The auditor recommended that municipalities keep three months of operating money in reserve.
“But there is no rule of thumb,” Reiner said.
Borough Manager Norm Meiskey said the borough hasn't raised taxes in three years and has been operating in the black the last two years.

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