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<br />.1 <br /> <br />I <br /> <br />I <br /> <br />Page Five <br />Annual Audit <br />January 27, 1978 <br /> <br />37d I <br /> <br />In sum total I would say that the City is in quite solid financial shape. <br />With the changes recamnended above, I believe we can have each of our <br />funds in pretty good shape. We are too lCM in the Perpetual Care <br />Trust Fund but hopefully each year will bring us into better shape. We <br />are also far too low in the Utility fund as the Council is aware. I <br />anticipate that good financial management and continuous analysis <br />of the =rent year's budget will leave us in excellent ~hape by the <br />end of the fiscal year. <br /> <br />The audit canmittee will review the audit on Friday and our auditors <br />will be at the meeting Monday. <br /> <br />GJW/kb <br /> <br />