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City Reviews Financial State of Sidney

Total government assets for the City of Sidney increased by about 11 percent, $5,535,585, by the end of the 2017 fiscal year, according to an audit presented to the city council by Rauner & Associates, P.C.

The audit is for the fiscal year ending Sept. 30, 2017. The audit was presented to the Sidney City Council Feb. 13.

While assets increased by 11 percent, expenses increased by 16 percent and revenues increased by $102,632, less than one percent.

Business-type Activities assets increased by 2-1/5 percent, $1,266,056 with expenses almost flatlining at a .21 percent increase. Meanwhile, rev...

 

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