Audit says LUS Fiber cash positive - KLFY News 10

Audit says LUS Fiber cash positive

Posted: Updated:

LUS Fiber released the findings of its last year's audit. City-Parish President Joey Durel calls it good news.

According to the report, LUS Fiber has reached a cash positive standing. Defined as money that's cash left over after expenses. Right now it sits at $1.4 million. Last year the consolidated owned company was $4 million under cash positive.

"We're probably ahead of where I thought we would be at this stage up until now." said Durel.

We're also told the city's general fund which only had about a few days of surplus in 2012 - enters the next fiscal year with a spending surplus of 81 days.

Powered by WorldNow

1808 Eraste Landry Rd, PO Box 90665,
Lafayette LA 70509

Telephone: 337.981.4823
Fax: 337.984.8323
Email: tip10@klfy.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Louisiana, Inc. A Media General Company.