Nov. 29—BROADWAY — The 2022-23 audit of the town's finances was presented Monday at the Broadway Board of Commissioners meeting.
The only finding in the audit was the lack of a employees to handle financial statements and "execution of transactions," according to Shelton Ennis of Joyce and Company CPA of Cary which conducted the audit.
"These are common findings for towns that are small and a small staff," Ennis said.
The solution, he said, would be to hire additional staff "which is not cost significant," he said.
The town's general fund, its main operating money, increased about $525,000 bringing the total to about $1.8 million with most coming from the American Rescue Plan Act. Other sources of increased revenue came from property taxes and festivals.
The town's main source of revenue comes from ad valorem taxes, local levies based on the value of real estate and personal property. Those funds increased about $72,000 based on an increase in the property tax, Ennis said.
The board also voted to change the date of the December meeting to Dec. 18 at 6 p.m. Mayor Donald Andrews and commissioners Lynne West Green and Teresa Dew Kelly, who were re-elected in the November elections, will be sworn in for their new terms.
Andrews said he had been asked several times about the hours for the North Carolina Disabled Veterans Monument. It's open from 9 a.m. to 5 p.m. seven days a week. The doors automatically lock and unlock at those hours, Andrews said.