Sullivan Has Break Even Year Financially
•January 27, 2016• By Ariana Cherry For the News Progress Jim Russell of West and Company presented the Sullivan City Council with its annual audit at Monday night’s meeting. He stated that the city’s growth last year as a whole was marginal. From an asset/liability standpoint, it had a marginal $1.8 million dollar increase, and its net profit had a small decrease of $300,000. The city’s expenses saw a $1.6 million dollar increase (which equaled out to about 10%). Sullivan had about $17.6 million dollars in total revenue which came from city revenue and government funds. Thirteen million of that … Read More
