Bonifay receives welcomed news

Bonifay City Council

Bonifay City Council honors Grant Writer Bob Jones during the June 18 meeting for his "many years of dedication and diligence" to the city of Bonifay.

Cecilia Spears
Published: Tuesday, July 15, 2014 at 05:16 PM.

BONIFAY - City Auditor Hilton Galloway returns to Bonifay for the city's annual audit with news that brought nods of approval during their regular scheduled meeting on July 14.

"After all the accounts are put together it actually shows the city with a $20,000 surplus, which is very positive," said Galloway. "There is still a lot of leg work ahead to do some reclassification for the city. All paperwork is in accordance and there is no discrepancies."

He informed that as of last year the City of Bonifay had $7.1 million in on-going debt, however commended Mayor Lawrence Cloud on his success in negotiating away $525,000 of that debt and his continued efforts, with the latest amount being $1.2 million. He advised that for those debts that are unable to be negotiated away should then be refinanced for a lower interest rate.

The income generated from gas taxes and expenses for day-to-day operations "break even," said Galloway.

"Next I would like to touch upon your due diligence on finding the reason for the 34 percent of city water lost per year," he said. "Whether it is uncharged water or a lot of leaks, there is no account where that water is being lost. The average amount unaccounted for is an average of 8 percent to 25 percent for uncharged water, like for fire fighters to use, water fountains at parks, etc.; 34 percent is just too excessive."

Galloway also recommended that the city increase their water rates. He explained that the income for water usage and expenses to replace the water and sewer lines were too far apart to make a difference.

"The audit went very well this year," said Galloway.



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