401 Meeker St Delta CO 81416 970.874.4421

Trustees receive audit report

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The Town of Cedaredge Board of Trustees met for a work session on Thursday, June 14. The bulk of the session was devoted to a presentation of the results of the town's independent audit by Pete Blair of Blair and Associates, P.C. Blair's official letter to the town stated, "We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information for the Town of Cedaredge, Colorado, as of and for the year ended Dec. 31, 2017."

The findings were presented in a 76-page document along with supporting reports. The audit reported no major issues with town finances and Blair described the town's net financial position as "going in the right direction."

Most of the town's resources are restricted to providing services to citizens and retiring debt. The town's overall total resources increased from 2016 to 2017, jumping from $18.2 million in 2016 to $18.6 million in 2017. Of this amount, nearly $1.4 million is, as the audit put it, "unrestricted and available to meet the town's ongoing financial obligations."

The work session also previewed items to be acted upon at the trustees' regular meeting on Thursday, June 21. Included on Thursday's action agenda are the following:

• Consideration of a resolution to adopt a stage II drought plan.

• An appointment to the town planning commission.

• A special event liquor license for the Surface Creek Valley Historical Society.

• Agreements on use of the town's civic center building.

Time is allotted at the start and end of all regular board of trustee meetings for constituent comments. Barring special meetings, the trustees meet for work sessions on the second Thursday of each month and for regular meetings on the third Thursday of each month. Meetings begin at 5 p.m. in the Grand Mesa Room at 140 NW 2nd Street in Cedardege. The public is encouraged to attend.

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