In its regular monthly meeting Thursday night the Trion Council approved it's fiscal year 2012 audit. . LLoyd Williamson of Williamson & Co., CPA's Carterville, presented the audit saying the town is doing fine in terms of today's economic climate.

Councilman Lanny Thomas said that the audit shows the town being in good shape and he commended the council and town employees for working to that end. Councilman Mickey McGraw said that the town looks like it's in the best financial shape it's been in, in the past 11 years. He thanked the department heads and council.

In its recommendations the CPA firm recommended that the town close an old bank account it no longer uses. It also recommends that the town purchase fixed asset software to allow the town to properly maintain, update, and keep an accurate history of fixed asset transactions. A final recommendation was made that the town adjust it's balance sheet on a monthly or quarterly basis to prevent year-end adjustments that are normally made at the time of the audit.

In all the audit shows total revenue for fiscal year 2012 at $3,199,019 compared to $2,199,690 in fiscal year 2011; total expenditures of $4,390,364 in 2012 compared to $3,239,335 in 2011. Discrepencies in those figures are due to the demolition expense of the condemned park avenue apartments which had to be shown as a expense, even though 95 percent of the cost came from state and federal grand monies.