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Top Story

Mar. 05, 2008

Town audit is clean

By CHRISTINA EICHELKRAUT
PVT

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In the age of Enron, it's always comforting to know funds aren't being embezzled off to Switzerland or public money isn't being laundered squeaky-clean into someone's private pockets.

Fortunately, the town of Pahrump doesn't have to worry about that.

The Pahrump Town Board approved and accepted a clean audit conducted by Daniel C. McArthur, Ltd. at its Tuesday, Feb. 21 meeting.

McArthur gave the town's finances a clean bill of health for the fiscal year of 2006-07, citing no non-compliance issues.

The town's primary revenue source for governmental activities, as with most public agencies on any level, came primarily from various taxes, which contributed a total of 76.4 percent of government money.

Ad valorem taxes contributed $2,221,278 or 41.3 percent of tax revenues, consolidated taxes contributed another 17.7 percent, or $952,388, and the remaining 17.4 percent came from charges for services of $936,314.

The unreserved general fund balance for the fiscal year was $1,539,257, an increase of $309,494 from last year.

The town's net assets also increased, from $13,180,407 to $15,137,193.














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