Certified Public Accountant Josh Durst of Durst and Jordan presented his findings of the September 30, 2017 final audit report with comparatives to 2016 at the Jay Council meeting last Monday, reminding them to be cash aware in future project choices.
Durst told the council that although the audit was considered clean, there was a big change in the towns overall cash position and there were a few concerns in relation to cash. He noted that the town's statement of net position and cash and cash equivalents in investments declined, mainly due to the absence of royalties paid by Breitburn Energy....
