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The original item was published from 1/26/2015 3:29:00 PM to 2/17/2015 12:58:46 PM.

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Posted on: January 26, 2015

[ARCHIVED] City of Black Jack Fiscal year audit shows City is once again in excellent financial shape.

At the January 20th Council Meeting, the City Council approved the audit for the fiscal year ending June 30, 2014. The audit which was performed by Hochschild, Bloom & Company LLC. showed that the City of Black Jack was again in excellent financial shape. Some Audit Highlights:

Total Revenue for the Fiscal Year was $2,910,119
Total Expenditures for the Fiscal Year was 2,302,159
The Cities fund balance as of July 1st was $4,380,478
General Fund revenues were $72,432 above the budge
General Fund expenditures were $111,684 or 5% below budgeted expenditures.

The City of Black Jack has not imposed a Real or Personal Property Tax on residents or businesses that is used to fund General Revenues. The City property tax rate for street bonds 2014 was $0,49 per $100 of assessed valuation. The City of Black Jack has a low voter approved 3% Utility Tax on electric, gas and water service.

A new section on the audit this year is a summary of the fines and court costs that are collected in municipal court for traffic violations. The amount collected this year was 5.79% which is well below the 30% allowed.

Mayor Norman McCourt said “I am pleased to report to the residents I serve, that the audit shows in a positive way that due to our continuing efforts, we are in excellent financial shape”.

A copy of the full audit is posted on the City of Black Jack web site at

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