The results are in for Hanover’s 2008 Financial Audit and Hanover is standing on firm financial ground.
BDO Dunwoody Accountant John Hunt credits this to good budgeting and sound management.
The town ended the year with a 323 thousand dollar surplus.
It has 3.6 million dollars in net financial assets and almost 6.8 million dollars in reserves.
The Hanover Slots brought in just over a million dollars in revenue.
The town also paid off its 300 thousand dollars loan for Hanover Heritage Square Civic Park as well.
Hanover was also able to secure a very low interest rate of just 3.2 percent when renewing its long term loan for the town’s medical clinic.
Hunt adds Hanover managed to do all this while dealing with a transition in the senior management team.
All in all, Hunt says Hanover is in great fiscal shape with a solid cash position.