|San Jacinto News Times - Local News
Copyright 2012 - Polk County Publishing Company
City gets ‘great’ audit report
COLDSPRING – The City of Coldspring is in “great financial shape,” according to an annual audit prepared by the Certified Public Accounting firm of Hereford, Lyunch, Sellars and Kirkham of Conroe. Going over the audit with city council members Monday night, Tom Sellars said, the city has assets totaling $2.9 million and total net assets amounting to $2.8 million. The city gets its revenues from sales taxes, franchise taxes, hotel, motel taxes, unrestricted investment earnings and miscellaneous revenue. Total fund balances amount to $1.17 million in the general fund and $14,366 in the city’s debt service fund. Total revenues in the fund balances amount to $328,694 with total expenditures amounting to $142,344, leaving a fund balance at the end of 2011 totaling $1.19 million. The city’s sewer service shows total assets amounting to $634, 183 and liabilities totaling $12,710. The city received $145,757 during the year in sewer charges; however, total operating expenses amounted to $150,798, leaving a income loss of $5,041. Due to capital grants and contributions of $38,405, the sewer service and expenses had a change in net assets totaling $11,992. Giving a budgetary comparison, Sellars said, “You had $49,306 more than what you budgeted for the year. You are in very good shape.” In other business, city sewer operator L.T. Birdwell informed the council that the clean-up from a major sludge spill that occurred recently has been done. “We are in compliance and everything is cool with the state right now,” Birdwell said. According to Birdwell a report has been completed and sent to Texas Commission on Environmental Quality. “We are waiting to see what they want us to do now,” he said. Coldspring resident Clifton Love asked the city to see about getting clean-up done on a burned mobile home on Hwy. 150 that has been there for a long time in the city limits. “Can’t you file a suit of eminent domain?” Love asked. “We’re waiting on a ruling from the city attorney at this time. We are holding off on any action until we get the ruling,” Coldspring Mayor Pat Eversole said. Giving a report about Christmas on the Square, Gale Erwin told the council that there is a committee of about 20 volunteers working on the event this year. “We will have a traveling trophy about five-feet tall to present to the winning float in the parade and vendor prices have been lowered to $80, $60 and $50. We already have over 60 vendors and the Texas National Guard has agreed to provide security for the event,” Erwin said. “Breakfast with Santa has been scheduled from 9 a.m. until 11 a.m. at the Coldspring Community Center and a Sweet Shop will be there in the afternoon,” she said. Tee-shirts advertising the event are available at the Coldspring Chamber of Commerce office, at Brookshire Brothers and the Exon station, according to Erwin. “We can’t have the carnival at the same location this year as we did last year so we are hoping to get the lot across the street from the chamber office for the carnival. The carnival will be here and operating on Friday’s and Saturdays, beginning with the Lighting of the Town Square on Nov. 30 and Dec. 1, and during Christmas on the Square Dec. 7 and Dec. 8,” Erwin said. New facility proposed A blueprint of a new convenience store, including petroleum pumps, liquor store and Subway Store was examined by council members. The new proposed facilities will be located at the corner of Hwy. 150 and Patrick Street, next to Goehr’s Properties by Midway Petroleum Group. Four petroleum pumps are included in the plans with three storage tanks, and a building that contains more than 7,300 square feet which will include Zipp’s Liquor Store, and Subway facility.