NEOSHO, Mo. —
The Neosho City Council on Tuesday night approved a contract with the Neosho Area Chamber of Commerce that would provide the chamber up to $10,000 for tourism and promotional efforts.
The money would come from revenues from the city’s hotel tax. The funds would be released at the discretion of the city manager after he reviewed the annual tourism plan and operating budget.
Andrew Marmouget, an accountant with KPM, Springfield, delivered the city’s annual audit report.
The report stated that the net position of the city’s governmental activities increased by more than $1 million as a result of the year’s activities. The assets of the city exceeded liabilities by $36.4 million at the end of fiscal year 2013 on Sept. 30. Of that, $5.9 million was unrestricted and could be used to meet future obligations.
The city’s long-term liabilities totaled $25.8 million.
The combined balances of the city’s governmental funds at the end of the fiscal year totaled $7.8 million, up $633,468 from the previous year’s figure.
“The city continues to take strong measures to ensure that the city stays in a position of financial stability,” reads the report.
Total debt of government activities was nearly $13 million, which was down by $682,939 from the previous fiscal year’s number.
“The city’s doing very well,” Marmouget said.
He said Neosho is the only city for which the firm conducts audits that has a fully funded pension plan.
“I congratulate you on that,” he said.
The city experienced a financial crisis in 2008 and 2009 that resulted in severe layoffs and other deep cuts. Mayor Richard Davidson said the recovery is the result of long-term financial planning.
“I’m thrilled to see how far we’ve come,” Davidson said.
THE NEOSHO COUNCIL approved Public Works Department bids of $8,720 for heating and air conditioning for its building; $6,717 for an electric motor at a wastewater plant; $6,319 for a pump; and $27,880 for equipment that recycles asphalt to fill potholes.