Valley News -

By Tony Ault
Staff Writer 

San Jacinto City's annual financial report seen favorable

 

Last updated 3/1/2019 at 2:25am



San Jacinto City Council received their annual financial report Tuesday, Feb. 12, showing the city’s net cash position increased by $511,598 from the prior fiscal year, attributed to increased program revenues.

The annual financial report prepared by Rogers, Anderson, Malody and Scott certified public accountants said the “total assets and deferred inflows of resources at the close of the recent fiscal year by $152,372,814.” Of the amount, the firm said $13,980,380 represents the unrestricted net position that could be used to meet the government’s ongoing obligations to citizens a...



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