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Waterville's 'financial position is positive,' audit reveals


Waterville’s ‘financial position is positive,’ audit reveals
The council on Tuesday voted to accept the audit report by Nicholson, Michaud & Nadeau certified public accountants.
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WATERVILLE The city is in good shape financially, a firm that did an audit of the city’s fiscal year 2020 reported to the City Council Tuesday.
Erik Nadeau, of Nicholson, Michaud & Nadeau certified public accountants, gave an overview of financial statements in the 58 page report which says the total budgeted revenues for the year were $42,969,890, and actual revenues were $43,301,073, resulting in a positive variance of $331,183. Total budgeted expenditures were $43,499,890 and actual expenditures were $42,407,208, resulting in a positive variance of $1,092,682. For the year, the general fund had an increase in fund balance of $893,865, the report says. ....

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Waterville council to honor former manager, consider supporting diversity statement


Waterville council to honor former city manager, consider supporting diversity statement
Councilors are also expected to hear a review Tuesday of the city audit for the 2020 fiscal year, and consider establishing a city manager evaluation committee.
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WATERVILLE The City Council is expected Tuesday to honor former City Manager Michael J. Roy, decide whether to support a diversity statement, review the city audit and consider establishing a city manager evaluation committee.
The meeting is set to begin at 7 p.m. It can be viewed via a link on the city’s website www.waterville-me.gov. Those who want to take part in the meeting must contact the city clerk’s office by 5 p.m. Tuesday to receive login or call-in credentials. ....

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