Posts Tagged ‘municipal govewrnment’

Auditor tells Coast city leaders to stay out of reserves

by Associated Press Published: July 19,2012

Tags: appropriations, budget, city, funding, funds, municipal govewrnment, municipality, tax, tax collection, taxpayer

OCEAN SPRINGS — Auditors have told Ocean Springs to avoid — if they can — dipping in cash reserves in preparing a new city budget. City leaders borrowed $1.7 million from the city’s reserves last year, leaving $822,000. Auditors told the board of aldermen that good financial practices recommend a reserves balance of $2.7 million […] [...]

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