Auditor: Bay St. Louis' funding reserves dwindling

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Updated: 7/09 11:19 am

BAY ST. LOUIS, Miss. (AP) — The lack of money in Bay St. Louis' general and utilities fund may have the city operating on a month-to-month basis by September.

CPA Mike Guel of Wright, Ward, Hatten & Guel in Gulfport said the city projects it will have only $30,000 in its general fund in September.

The 2013-14 audit report was going to be discussed at Tuesday's meeting, but he told the council the report will be released in the next two or three days.

The Sun Herald reports a financial workshop to discuss the audit report was scheduled for July 21.

Guel said there is a concern Bay St. Louis doesn't have a reserve fund in case of unexpected expenses or emergencies.



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