| CitCo Still Behind On Posting Audits |
| Tue, January 14, 2025 |
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| And while the council is wooing investors with the favorable yield on its municipal paper - the quality of the council's finances are also important. And that is best reflected in an audit - but the most recent one posted on the council's website is for 2021.
So we also asked the mayor about their most recent audit and when it will be uploaded. Once more, he told us "soon":
Bernard Wagner, Mayor of Belize City
"Very very soon we had that audit actually completed a week ago and so you will have the 2022 and the 2023 on that website I just have to get the caucus to approve it and then my pr team will do the rest."
Reporter-
"So what are some key points that the audit revealed?"
Bernard Wagner, Mayor of Belize City
"I just looked at it last night but clearly we have the struggles it shows that you had your struggles in 2021 coming out of Covid coming out of Lisa but it showed pretty quickly that by 2022 you had a net loss of 565K I believe but in 2023 you have an operating surplus of 1.6 million so clearly we have turned that curve and I am anticipating that the 2024 figures will be even better. I see where our property taxes our trade license our liquor license and traffic fees all increased from 2022 to 2023 so I am very hopeful that that trend continues."
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