Audit says LUS Fiber cash positive - KLFY News 10

Audit says LUS Fiber cash positive

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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.

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