The overall financial health of the City of Hannibal is improving, according to Steve Boggiano of the accounting firm of Wade and Stables. 

Kurt Parsons
Kurt Parsons
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Boggiano presented annual audit results at Tuesday night’s City Council meeting.  The audit shows total assets of 52 million dollars and total liabilities of 10 million. Net assets increased by 3 million. The City’s general fund surplus amount is $438,601. Total revenues for the year came in at 10.4 million dollars, a shortfall of nearly $268,000.

However, this was more than offset by total expenditures coming in at 10 million dollars versus the budgeted amount of 10.4 million.

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