Wrangell Sentinel -

Finance Director Mason Villarma has been on the job for about five months and is proposing changes to the borough assembly that he believes could bolster Wrangell’s financial health.

At a work session Jan. 25, Villarma said the borough’s assets totaled $39.7 million as of Dec. 31, a mixture of cash, cash equivalents, money market funds, investments and other accounts. Some can be spent, some is in long-term savings, and some is reserved for self-sufficient funds such as the electric utility and port and harbors.

Almost one-quarter of that money is in the borough’s “permanent fundâ€...