Assembly reviews 2019 audit, rescinds CARES Act funding for school district, declares economic disaster
August 27, 2020
The Wrangell Borough Assembly met Tuesday evening, Aug. 25. During this meeting, they reviewed an FY 2019 audit of the borough. This item was postponed from their meeting on Aug. 11, to wait for a representative from the auditing firm to be available to answer questions.
According to the agenda packet, the fund balance for the city's governmental funds sits at $53.65 million, and approximately $54.31 million in the enterprise funds. Of these, unrestricted funds sit at about $9.16 million and $5.31 million, respectively.
"This audit was extremely difficult to complete for Fiscal Year 2019,"...