The City of Hodgenville had an ending cash balance of $1.75 million for fiscal year July 1, 2007, to June 30, 2008, according to a financial audit prepared by Clauson, Mouser and Co., PSC.
The city ended the fiscal year with $182,000 less in the cash balance from a year earlier. End of year capital assets totaled $14.7 million.
The city’s combined assets increased $1.58 million, up 14.5 percent from the previous year. Mouser said the increase was primarily due to Lincoln Bicentennial projects and infrastructure improvements.