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Story Archives: Net assets increase; bonded indebtedness jumps, too
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Net assets increase; bonded indebtedness jumps, too
The city of West Monroe's total net assets exceeded liabilities by $48.6 million at the close of the 2009-2010 fiscal year, according to an audit of city finances that was released last week.
West Monroe's total net assets also increased by $646,054 during the 2009-2010 fiscal year, the audit said.
The city's 2009-2010 fiscal year ended June 30, 2010.
The audit was conducted by Cameron, Hines and Hartt, a professional accounting corporation located in West Monroe.
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