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Archive - Aug 26, 2013 - News Article

East Providence boasts $8.7M in surplus

August 26, 2013

EAST PROVIDENCE – City Manager Peter Graczykowski has announced that the city ended fiscal 2012 with a general fund surplus of $8.7 million, which will go into the city’s rainy-day reserve fund recommended by the Budget Commission and approved by the voters at the ballot box in November 2012.

The surplus number was reported as part of the annual audit by Parmelee Poirier & Associates, which completed its review of the city’s finances on July 31.

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