Good news for the Town of Berlin from its auditors.
PKS and Company reports that the municipality was in good financial shape with a $7.5 million fund balance.
With $6.8 million not allocated it equals the town’s operating expenses for the next a year and a half.
The auditors noted that the town increased its general fund balance by 3 percent.
And revenues were up by 5 percent while expenses declined by 16 percent to $4.9 million.
But the town’s debt service costs did go up amounting to just under $450-thousand or 9 percent of overall expenditures.
