City audit shows strong reserves; wastewater bond and grants skew year-to-year figures An external audit presented Jan. 13 reported healthy reserves for the City of Fayette but said a $2,050,000 bond issued in June 2025 for a $3,000,000 wastewater project and substantial grant activity distorted year-to-year cash comparisons.

Fayette's annual audit reveals strong financial reserves but warns that a major wastewater bond could distort the true picture of the city's cash flow!

Read the full story

#FayetteFayetteCounty #AL #PublicFinance #GrantAccountability #FayetteWaterManagement