Jerry Don CaseKIMBALL, Tenn. — While most small towns across the state struggle financially, Kimball continues to prosper.
Paul Johnson, an auditor with Johnson, Murphey & Wright, said late last week that the city has had “a really strong increase in revenues” over the past fiscal year, while expenses have decreased.
Kimball raked in about $2.2 million in revenue last year compared with about $2 million the year before.
“It is so nice to see a town with this kind of equity in it,” Johnson said Thursday. “So many governments have overspent and don’t have any equity. I can remember when [Kimball] was struggling. Now, we’ve gotten past that, so that’s really nice to see.”
According to the audit, Kimball has $6.6 million in assets and $325,000 in liabilities.