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Audit for 2017-18 clean, discussions continue on polices

Mike Ward, principal of Mike Ward Accounting & Financial Consulting, PLLC, presented what is referred to as a clean audit for the City of Mount Vernon for the 2017-18 fiscal year with assets exceeding liabilities for the year by $11.17 million net.

The net position changed by $290,342, 2.1 percent, due to an 11 percent decrease in total expenses from the previous fiscal year. For more details from the City’s audit, see the December 13 edition of the Mount Vernon Optic-Herald.