Serving Ft. Stockton and Pecos County, Texas, since 1908 * Home of Historic Fort Stockton

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City ended FY 14 with $2.2 mil.

The Fort Stockton city council received a clean audit report at its regular meeting Monday evening. The report showed a Sept. 30, 2014, fiscal year-end general fund balance of $2.2 million. City-owned utilities generated almost $2.1 million, with expenses of almost $0.4 million, netting $1.7 million.

Bond cost to public low

The county’s financial advisor late last month presented estimates of tax rates that would result from the proposed hospital bond. Allen Westerman, of SAMCO Capital Markets, provided three interest rate scenarios. The highest tax rate estimate—$0.1133 per $100 valuation—falls under his 3.95 percent market estimate scenario and applies to taxes due at the end of 2016.

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