ROCK SPRINGS — The Rock Springs City Council unanimously approved its Fiscal Year 2020 audit report after hearing a presentation on the city’s finances.
On Tuesday evening, the Council listened to a report from Brittany Wilson, senior manager for McGee, Hearne and Paiz, LLC, out of Cheyenne. Wilson said the audit was clean and it was a pleasure working with the city.
Wilson explained the auditors looked at the city’s finances and noted the city’s total net position decreased by $7.3 million, and the net position for governmental activities decreased by $8.6 million or 8.71 percent, while its net position for business‐type activities increased by $1.3 million or 1.84 percent.
Another area brought to the Council’s attention was the city’s General Fund, which reported an ending fund balance of $38.2 million, which is a decrease of about $966,000 or 2.47 percent from the prior year. Of this amount, $6.4 million is available for spending at the city’s discretion.
After reviewing the audit, the Council approved the finance department’s request to approve the Rock Springs Fiscal Year 2020 audit report.
To see the complete audit click below.
Under new business, the Council approved a request from Mayor Tim Kaumo for the approval of 2020 Christmas bonuses. The bonuses will be for $50 per employee.
The Council approved a resolution granting an electrical utility easement to Rocky Mountain Power for the purpose of constructing and maintaining an electrical main line to serve the First Security Bank building.
After a brief discussion, the Council approved a resolution approving a hazardous duty pay policy for active duty Rock Springs police officers. This will compensate officers for rapidly evolving dispatch calls that may not allow for the use of Personal Protection Equipment during the COVID-19 Coronavirus crisis.
CARES Act Funding
The Council will also look at two resolutions accepting and approving a reimbursement agreement between the Wyoming State Loan and Investment Board (SLIB) and the City of Rock Springs. One Coronavirus Aid, Relief, and Economic Security Act grant is $32,951, while the second CARES Act grant is for $234,067.
The Council also approved three CARES Act grant application submissions to SLIB.
One is for purchasing equipment and providing storage for equipment related to the COVID-19 pandemic, in the amount of $260,004.
The second submission is for $9,917,668.76 so the city can receive relief funding for payroll expenses related to the COVID-19 pandemic.
The third submission is for $183,9042.61 so the city can receive relief funding for payroll expenses related to the COVID-19 pandemic.