The city’s 2013 fiscal year audit, upcoming work for the 2015 fiscal year budget and a possible Collin County roadway bond project were the only three agenda items at Tuesday evening’s Anna City Council meeting.
Rod Abbott, of Lafollett & Abbott, PLLC presented the 2013 fiscal year audit to Council, going over major points of the audit. The city’s total assets are $66,539,067 with liabilities of $32,370,807 with a net position of $34,168,260. He declared it a clean audit.
City Finance Director Clayton Fulton went over the 2015 budget calendar with Council. In discussing plans for the budget process, Fulton stated, "We will start a month early and hold more workshop sessions, with the first one scheduled for April 8." The presented budget calendar highlighted the important dates and deadlines that must be met in order to pass the 2015 fiscal year budget and tax rate in the early part of September of 2014.
City Manager Philip Sanders briefed council on a Collin County roadway bond project that may benefit the city. The bond program, approved by Collin County in 2007, is designed to assist cities with the construction of certain roadway infrastructure projects. The city has to match funds provided by the county; however, there are funds available from prior previously funded but now dormant projects.
Sanders said there is a potential opportunity to fund improvements to Ferguson Parkway, making it into a four lane which would alleviate traffic problems at Rattan Elementary School. He also said there may be a possibility partnering with the developer of Lakeview Estates to extend Ferguson Parkway further south. Another possibility is to widen FM 455 west of U.S. 75 to four lanes, possibly partnering with a developer in anticipation of a future development.