The Century Council heard a budget update from CPA Robert Hudson Monday night following an earlier audit review meeting he had held with Krista McAllister of Warren Averett in Pensacola.
Hudson said the town had a $21,218 excess of expense over revenue, due to a capital outlay of $28,684 for water pump clarifiers in January.
In the gas fund, Hudson said in January the total revenue was $47,008, and there was a $505 loss.
“We transferred $10,000 in from water fund as an operating transfer during January to defray that. “Without any transfer we just about break even,” said Hudson.
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