City finishes year in the black

The City of Eunice finished its fiscal year with an operating surplus of $1.02 million, according to the June 30 statement of operation.

The city's fiscal year runs July 1 through June 30.

According to the report, city revenues totaled $15.28 million and expenses totaled $14.26 million.

The report does not account for transfers of funds and other reconciliation which will be done by auditors.

The city's revenue budget anticipated $15.57 million and expenses were estimated at $15.54.

About one-half of the $1.02 million in surplus is accounted for by $500,000 in banked but unspent road improvement funds.

That money will be spent in the fiscal year which began July 1, along with an additional $400,000 from this year's sales tax revenues.

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