INV-2026-RONDA
Town of Ronda - Investigative Report
- The Town’s financial activity shows a significant and deteriorating financial position.
- Available financial information indicates that recurring expenditures have consistently exceeded recurring revenues.
- The Town has significant outstanding financial obligations, including past due invoices.
- The Town lacks sufficient cash resources to meet ongoing operational needs without financial assistance or reduction in expenditures.
- The Town has relied on transfers from its investment account and on the potential temporary availability of grant proceeds to continue paying routine expenses.
- The Town's investment account has been substantially depleted.
- The Town has requested a $50,000 loan from Wilkes County to help address the current cash-flow crisis.
First Published