Audit Gives High Marks to Olivette, Highlights City's Economic Stress
The city audit points out the difficulty the city has had in "loss of local businesses, lack of consumer confidence" as well as "limitations in growing the City's overall revenue base to meeting increasing service requirements."
The Olivette City Council received a good marks in its annual audit of city finances from its auditor, Fick, Eggemeyer & Williamson, during a city council meeting in mid-November. The auditor found no issues worthy of mention in its rundown on Olivette accounting procedures presented in documents to the council at its Nov. 13 meeting. Worth noting, however, are some of the comments the auditor made in recognizing the city's difficulties in coping with the dragging economy over the past four years. The following is excerpted directly from the audit report, with edits for brevity and clarity: Despite significant efforts by City officials to exercise fiscal and expenditure discipline and restraint, several primary revenue sources for the City…
