The Rolla Board of Public Works (RBPW) began their Dec. 19 meeting with an audit report for the fiscal 2017 year. “There has been much activity in the Rolla area over the past year . . ."
The Rolla Board of Public Works (RBPW) began their Dec. 19 meeting with an audit report for the fiscal 2017 year. The audit was presented by Tammy Alsop, of Hochschild, Bloom and Company, LLP. Dennis Roberts, the Business and Finance Manager for Rolla Municipal Utilities (RMU), supplied the required financial information. Rodney Bourne, general manager of RMU, said he is clean each year in receiving clean audits.
According to Alsop’s report, the audit involves “performing procedures to obtain evidence about the amounts and disclosures in the financial statements [of RMU].
The opinion of the auditing company, listed in the report, states the financial reports of RMU were presented fairly, and Alsop gave a few financial highlights.
According to Alsop’s presentation:
* RMU’s total net position increased by $916,984 to $55.24 million, at Sep. 30, 2017.
* The operating revenues for RMU have decreased from 2016 by $984,691.
* In contrast, the operating expenses for RMU have decreased by $917,882.
* The total assets of the company increased by 1.1 million
Alsop described the net position of RMU to be “healthy”, with an increase of $916,000 from the previous year, bringing their total net position to $55.2 million.
“I think you’re doing good for your customers” she said.
Following Alsop’s audit report, Business and Finance Manager Dennis Roberts, gave his statement of income and expense, comparing this November compared to last.
According to Roberts:
* The operating income of RMU is up $224, 320 compared to November of last year,
* At the same time, expenses are down by $74,055.
* The total net income for November, 2017 was $61, 915, an increase over last year.
Roberts also added they are close to implementing a new point of sale at the front counter.
Vicki Carson, staff engineer, gave her report following Roberts. Carson included a memo in the meeting documents.
“There has been much activity in the Rolla area over the past year. We continue to see multi-family and student housing projects on a regular basis. There were several single family units constructed in 2017 after little activity in that market in the recent past,” read the memo.
A list of commercial developments completed in 2017 was included as well.
* Hartmann USA
* Kingdom Kia / JD Byrider
* Tau Kappa Epsilon
* Lambda Chi Alpha
* Dickey Bubs
* Poe Gas Expansion
* Hanger Clinic Prosthetics
* Casey’s Highway 72 location remodel.
In addition to these, a list of ongoing or upcoming projects was included in the memo.
* Academy Sports
* TJ Maxx
* Ross Dress For Less
* Pet Smart
* The Lodges
* Oak Pointe by Clear Path
* Hobby Lobby
* Highway 72 Extension Project
* Theta Xi
* Sigma Pi
* Howard Johnson
The Rolla Board of Public Works meets each month and these meetings are open to the public.