MAXTON — The Maxton ABC store is on strong financial footing.
“You have a break-even situation for the past six months,” Johnny Britt, an auditor with S. Preston Douglas & Associates, told town commissioners Tuesday.
Britt reviewed the store’s financial records from July 1 to Dec. 31. Town commissioners had requested the review to determine where the store stands financially.
According to Britt, the store as of Dec. 31 had total assets of $116,789. Liabilities totaled about $79,000.
Britt said that if the store was closed on Dec. 31, it net assets for the six months would have been about $37,000.
“This $37,000 would have been split between Maxton and the county,” he said. “Maxton would have gotten 65 percent and the county 35 percent.”
Britt said that there may need to be some restructuring in the hours the store is open and the number of employees who work at a certain time if the store is to remain profitable.
In other business, the board on Tuesday:
—Heard from Police Chief Tammy Deese that her department has applied for state grants to purchase equipment and help pay for law enforcement activities.
The grant requests include: $10,000 from the North Carolina Governor’s Crime Commission for help paying employee overtime and the purchase of Tasers; about $36,000 from the Juvenile Crime Prevention Commission for an after-school tutoring and mentoring program; and an amount not cited by the chief from the N.C. Governor’s Highway Safety Program for six new radars and traffic safety equipment.
— Heard a presentation from Nancy Walker, executive director of the Maxton Housing Authority. Walker briefly explained how the Housing Authority is operated and administered based on regulations set by the U.S. Department of Housing and Urban Development.
— Recommended that members of town committees attend town board meetings and present monthly reports. This would include such boards as those overseeing the town’s library, housing authority, ABC store and recreation programs.
“This is a good thing,” Mayor Sallie McLean said. “We are requesting the committees come and make reports at our meetings so that more information is made available to our citizens.”
— Scheduled its annual retreat to be held either March 9 or April 6.
— Recessed the meeting until March 7 at 5:30 p.m. The board at that time will meet with officials from Laurinburg to discuss water and waste water treatment plans for the Laurinburg-Maxton Airport.
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