The Bridgeton City Council meeting on September 3, 2025, highlighted significant financial updates and ongoing challenges as the city navigates its fiscal landscape. A key focus was the recent audit report, which confirmed that the city received full cooperation during the audit process, with no significant deficiencies or material weaknesses identified in its financial controls.
The audit revealed necessary adjustments, including the implementation of GASB 101, which now requires the city to account for sick leave alongside vacation time in its long-term debt reporting. This change is part of a broader effort to enhance transparency and accuracy in financial statements, as emphasized by the auditors.
However, the report also pointed out areas needing improvement. Council members were urged to ensure that internal financial reports are produced more promptly to aid decision-making. The auditors noted that historical data should be available within a couple of months after recording, which is crucial for effective budget management. Additionally, the city was reminded to separate escrow funds from other accounts, a recurring issue that remains unresolved.
Financially, the city experienced a decrease in restricted cash and investments, largely due to a drop in TIF revenues and increased debt payments. Notably, long-term debt decreased by $2.36 million, attributed to bond payments and adjustments in TIF financing. However, the city also faces rising expenses, particularly in public safety and general government sectors, which increased by over $1 million collectively.
In a related presentation, the EPA provided an update on the Westlake Landfill site, indicating ongoing efforts and next steps in addressing environmental concerns. This presentation underscores the city's commitment to community health and safety as it continues to manage both financial and environmental challenges.
As Bridgeton moves forward, the council's focus will be on implementing the auditors' recommendations and addressing the financial and operational hurdles highlighted in the meeting.