Mineral Wells Index, Mineral Wells, TX

Top Stories

March 8, 2013

Auditors OK city’s 2012 finances


In accordance with the charter of Mineral Wells, a certified public accountant is required to audit the financial records of the city each year.

Daniel Hungerford of George, Morgan & Sneed PC, in Weatherford, presented council members with his agency’s audit of records for the fiscal year ending Sept. 30.

During Tuesday evening’s meeting, Hungerford said the city’s records presented municipal finances fairly and auditors did not find any discrepancies.

“The audit was a little more difficult since you didn’t have a financial director for a portion of the year,” he said, explaining John Moran was extremely helpful upon accepting the position earlier this year.

Getting into the numbers, Hungerford noted the city’s general fund saw a positive increase of about $127,000 contributing to a total unassigned fund balance of $4.135 million.

The water and sewer fund saw an increase nearly six times that of the general fund during the last fiscal year, he added.

With a total unrestricted balance of $5.817 million, Hungerford noted the water and sewer fund increased by $747,000 compared to the previous year.

He explained the airport fund, representing unrestricted net assets of $408,000, shrunk by about $119,000, making it the only fund to decrease during the period.

“A large portion of that is depreciation,” he noted. priate documentation, though he did mention some clerical oversights, likely attributable to the lack of a designated finance director.

“There were no deficiencies or weaknesses,” he said, and “no issues of noncompliance.”

Fee approved for debit/credit card bill pay

Mineral Wells Finance Director John Moran revisited the issue Tuesday of city staff charging citizens a surcharge when accepting bill payments by credit card.

He answered a question raised during a previous council meeting by indicated debit card users would also incur the 4-percent fee “because we run them through as credit.”

Text Only
Top Stories
  • Fire update 3.jpg Electrical system fault cited as cause of sausage plant blaze

    PALO PINTO COUNTY – Investigators have determined that a fault in the electrical system caused last month’s fire that ravaged the warehouse of the Kennedy Sausage plant off Interstate 20 and U.S. Highway 281 South, said Palo Pinto County Fire Marshal Buddy Harwell.

    April 23, 2014 1 Photo

  • Training to begin for CASA child advocates

    Although National Child Abuse prevention month is quickly coming to a close, the fight against child abuse is far from won.

    April 22, 2014

  • Genesys2.jpg S-TEC now piloted locally

    Roger Smith, CEO of Genesys Aerosystems, and his management team, saw a great opportunity for growth with the acquisition through a managed buyout of Chelton Flight Systems Inc. and S-TEC Corporation, doing business as Cobham Avionics, from Cobham.

    April 22, 2014 1 Photo

  • Rains bring end to burn ban – for now

    PALO PINTO – Weekend rains led Palo Pinto County Judge David Nicklas on Tuesday to temporarily lift the countywide burn ban.

    April 22, 2014

  • paperclip patent.jpg Paperclip invented locally?

    It is a staple of the office – the paper clip, a simple but elegant tool, a couple of bends of thin wire that helps keep us organized.

    April 21, 2014 1 Photo

  • bat workers.jpg New bat sanctuary to be ready in June

    Sometime around June, area bats will have a new place to hang out.

    April 21, 2014 1 Photo

  • David May named Index general manager-editor

    David May, a veteran newspaper executive who served 10-½ years as editor of the Mineral Wells Index, has been appointed general manager and editor of the newspaper, effective immediately.

    April 18, 2014

  • Social media part of PD’s varied arsenal

    Criminals seem to like bragging online of their misdeeds.

    April 18, 2014

  • Martinez cross.JPG Safe, but not home yet

    "Physical training is of some value, but godliness has value for all things, holding promise for both the present life and the life to come... Don't let anyone look down on you because you are young, but set an example for the believers in speech, in conduct, in love, in faith and in purity." – 1 Timothy 4:6 and 12.

    April 18, 2014 2 Photos

  • DSC_2415.jpg Baker 4B town hall meet set

    For those on the fence about the 4B election coming up on May 10, the Mineral Wells Chamber of Commerce is hosting a “townhall” meeting on April 22, from 6 p.m. to 8 p.m. at Mineral Wells High School in the cafeteria.

    April 18, 2014 1 Photo

Featured Ads

Click on a photo to see our SmugMug photos

Seasonal Content
AP Video
U.S. Paratroopers in Poland, Amid Ukraine Crisis US Reviews Clemency for Certain Inmates Raw: Violence Erupts in Rio Near Olympic Venue Raw: Deadly Bombing in Egypt Raw: What's Inside a Commercial Jet Wheel Well Raw: Obama Arrives in Japan for State Visit Raw: Anti-Obama Activists Fight Manila Police Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' Obama to Oso: We'll Be Here As Long As It Takes Bon Jovi Helps Open Low-income Housing in Philly S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter SCOTUS Hears Tv-over-Internet Case Chief Mate: Crew Told to Escape After Passengers
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.