Town of Spruce Pine audit ‘positive’

Tax collection, money management praised by firm representative at meeting

SPRUCE PINE – The Spruce Pine Town Council at its regular meeting Monday, Nov. 27, received its financial statements audit from Combs, Tennant and Carpenter Certified Public Accountants and heard a presentation from the locally formed Sustaining Essential and Rural Community Healthcare, or SEARCH, group.

Jason Carpenter and Doug Tennant presented a short summary of their audit findings during to council early in the meeting and the two said the audit was “overwhelmingly positive.”

Carpenter said one of his bigger takeaways was how much fund balance the town has as a result of years of careful money management.

“Things look well from our standpoint,” Carpenter said. “There’s a very healthy fund balance for a town this size.”

Carpenter added the town’s total tax collection, which grew about 2 percent from the previous audit to more than 93 percent, was also very healthy.

“That speaks to your residents and the people you have working here,” Carpenter said.

Carpenter said the town’s audit for compliance with grant spending was also positive.

“This was our first year working with the town,” he said. “We couldn’t be more pleased. You’ve got great people working here and we look forward to a long relationship.”

Tennant congratulated the town for their money management and said compared to other small towns, Spruce Pine is in a good financial position.

“This town has done very well,” he said. “Protect that fund balance because it can go away fast. Most towns are lucky to have enough in their balance for emergencies. It makes a difference and you’re in a very good situation.”

Risa Larsen and Susan Larson of the SEARCH group, which aims to raise awareness of the need to protect health care in rural areas such as Mitchell County, spoke to the council about their priorities and plan of action.

SEARCH has a seven-item list of task forces and descriptions including media and government relations, community outreach and developing alternative systems.

The MItchell News

Mailing Address: PO Box 339 
Spruce Pine, NC 28777 
Phone: 828-765-7169
Fax: 828-765-1616