A year of controlling its spending showed the city of Ralston’s finances are heading in the right direction, according to the city’s annual audit.
Ralston’s City Council on April 2 accepted the audit from BKD CPAs and Advisors for the 2017-18 fiscal year, which ended Sept. 30. The audit shows the city spent less money on general government expenses than the previous year, improved its net position and reduced its overall long-term debt.
Tim Bohling, the city’s finance director, said better spending habits across the city and its departments played a significant role.
“It’s just watching our expenditures and not spending money we didn’t need to,” he said.
Mayor Don Groesser said the improved efficiencies put in place by Bohling and City Administrator Dave Forrest and working with department heads was working well and it was a big deal the city’s financial position improved the way it did.
The city’s net position ended up more than $300,000, which included the city’s general fund increasing from $104,336 at the beginning of the fiscal year to $490,394 at the end of the fiscal year.
In the city’s general fund, general government expenses were down almost $146,000 from the previous year and public safety expenditures were down almost $218,000.
The city’s long-term debt decreased from $40.46 million to $38.47 million, $35.37 million of which is tied to the Ralston Arena. In total, the city made $3.28 million in debt payments during the year.
“I was really pleased with the debt pay down,” Groesser said.