Town auditor praises Winter Park financials
June 8, 2010
The Town of Winter Park received a glowing report from auditor McMahan and Associates last month.
“Winter Park was one of the only towns we audit that had a net income last year,” said certified public accountant Paul Backes. “That puts the town in the enviable position of having good resources and good fund balances.”
Backes commended financial director Bill Wengert, Town Manager Drew Nelson and town council for excellent financial reporting, good financial management and wise spending.
He said the auditors made almost no adjustments to the town’s financial statements.
“The books are in great shape,” he said.
The town increased its net assets in 2009 by $163,385 and increased its governmental funds by $982,117. The auditor attributed these increases to steps the town took to reduce capital and operating expenditures in 2009 in response to the recession.
The town also has no debt, Backes reported, which places it in “a great financial position in this tough economic environment.”
“That is not the case around Colorado.,” he added, noting that Winter Park is in “one of the strongest financial positions of any town we audit.”
McMahan and Associates oversees the majority of towns in the Central Rockies and virtually all of Colorado’s ski towns, Backes said.
– Reid Armstrong can be reached at 970-887-3334 ext. 19610 or email@example.com.