Auditors: Sidney in sound financial health

An external audit of the last fiscal year proved that the city is in good financial shape.

Robert Rauner, from Rauner & Associates, the company which performed the audit, spoke to the city council at Tuesday’s meeting.

As of Sept. 30, 2013, the end of Sidney’s 2012-2013 fiscal year, the city’s assets outpaced its liabilities by around $57 million.

Governmental expenses decreased by around $450,000 from the previous year and revenue increased by $429,000.

Expenses for business activities, which include the utilities that the city provides to the public, increased by around $300,000 last year wh...