The city is in excellent financial health, according to an audit report delivered to the City Council last week.
Revenue from city services and other sources exceeded expenditures by $124,269 during the fiscal year that ended June 30, said the report, which was prepared by the auditing firm of McGladrey & Pullen.
Bradbury has no gas stations, markets or other kinds of business establishments--and so virtually no sales tax revenue. But various licensing fees--including permits to film motion pictures and television shows in the city--brought in $65,495, far more than anticipated, said Christie Nash, who delivered the report for McGladrey & Pullen.
With total revenues of $426,073, the city entered the new fiscal year showing a balance of $935,835, the report said.