Humboldt City Council received its 2017 audited financial statement for the year of 2017.

City council met at city hall on Monday for a meeting which is where the Statement was present to the council by MNP.

The statement is presented to the council so the auditors give the city a clean slate on how the city reports, how the council conducts their financial transaction and to make sure the city follows the rules as a municipality. $15.7 million was raked in by the city of Humboldt over 2017, which is more than the anticipated $15.2 million. While last year the city spent more than expected with $13.8 million in expenses. As for surplus in 2017, it was at $1.6 million which was not quite the amount the city had stashed away because of accounts receivable. Humboldt brought debt down to $5.1 million, $800,000 less than last year.

"Both my philosophy and that of council lets try to avoid debt where we can and so over the last couple of years we've been trying to do that and we've been trying to pay down debt and where we need to use some money, we're are hoping we can just use some reserves that we have internally so that we aren't just paying such high payments on interest components on those debts," said Joe Day, Humboldt's City Manager. 

A new report on the statement will be presented to council in a more clear manner in an executive meeting on a later date.