Mount Holly receives clean audit

MOUNT HOLLY – The City of Mount Holly received some good news about the town’s financial health.

At the Mount Holly City Council’s Jan. 9 meeting, a presentation by Erica Brown, of the independent auditing firm Martin Starnes & Associates, CPAs, P.A., showed that for the first time in quite a while, Mount Holly’s audit submission to the Local Government Council was accepted without need for corrections.

“This is the first time in 11 years this has happened,” said Mayor Bryan Hough. “(The city’s) staff is to be commended for the work they’ve done.”

The audit also showed that the city’s general government expenses fell by 13 percent from 2010 to 2011, dropping from $1,836,201 in 2010 to $1,600,621 in 2011.

“These are good numbers,” Hough said.

According to the audit, ad valorem taxes contributed most of the city’s revenues with $5,542,755 collected in 2011, 51 percent of funds taken in.

The greatest expenditure listed was for public safety, accounting for 49 percent of general fund expenditures. For the 2010-2011 period, Mount Holly spent $8,798,310 on public safety.

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