Annual audit shows city of Brookings in good shape
The city of Brookings is in good financial shape, according to the results of an audit released this week.
The Brookings City Council reviewed its annual audit during a Monday workshop.
The audit conducted by Boldt, Carlisle and Smith for the city, showed the city had assets of $59.2 million and liabilities of $17.5 million for a total net position of $41.7 million.
The audit did not find anything unusual in the city's finances, and showed the city is in good financial health.
Janell Howard, director of finance and human resources, said that, while it looks like the city may have a large amount of equity, most of this is in assets such as buildings, streets and equipment and is not liquid.
The audit also included for the first time an inventory of supplies, which showed a large amount of sewer and water materials. The large supply was explained as necessary because of the time it takes to bring replacement parts to Brookings.
The city council discussed the issue of who owns spurs on Buena Vista Loop. The city owns the spurs, according to an attorney hired by the city. However, the council questioned whether the spurs belonged to the city since they do not exist on the subdivision's original plat.
The attorney's written opinion said the lot lines were those shown on the assessors map and that the spurs belong to the city.
Councilors then discussed improving the catch basin on the spur, but said that any improvements to the catch basin would also need improvements on the drainage pipes, which run through private property.
John MacDonald, from the Oregon Department of Transportation, discussed the proposal to develop a new Transportation Systems Plan for the city. The new plan, which would incorporate biking and pedestrian use, would cost the city an estimated $35,000, with the remaining $190,000 cost to be taken up by ODOT.
The Transportation Systems Plan would look at existing biking options and would develop a plan to improve pedestrian and bicycle use along Highway 101. MacDonald said the city could enter into an intergovernmental agreement with ODOT to pay for the study.
In other business the city council:
andbull; Discussed lighting at Stout Park. Lighting Stout Park would cost an estimated $29,000. Lighting and electrical outlets at Stout Park have been requested to improve safety at the park and to help vendors at the arts festival.
andbull; Discussed installing lighting at the Fleet Street parking lot. Lighting the parking lot has been requested by nearby businesses and would cost the city nearly $5,400 for lamp posts that looked like the decorative lamp posts already in place downtown.