The yearly financial audit for FY 2011 -- by accountants Hartman, Blackmon and Kilgore P.C. -- found the city in good shape overall: with revenue/assets up and debt/liabilities down.
Council President Mixon gave credit to city staff/department heads and the citizen volunteers on various financial/budget committees; councilman Stankoski concurred.
Mixon: "Over the past 3 years working togethar we accomplished our goal to achieve a high level of financial stability ... making Fairhope a fiscally strong city ... possibly one of the strongest in the state ... ."
Mixon warned however, that there were still challenges ahead, notably expensive upgrades to the city's sewer and water systems and unfunded retirement expenses for employees.
Stankoski: "... this council worked diligently ... made some hard decisions ... that were not popular ... during recession ... and oil spill ... . This city is now in excellent financial condition ... it didn't just happen ... because of the hard work ... of a lot of people Mr. Mixon mentioned."
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