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Waterville’s ‘financial position is positive,’ audit reveals The council on Tuesday voted to accept the audit report by Nicholson, Michaud & Nadeau certified public accountants. Share WATERVILLE The city is in good shape financially, a firm that did an audit of the city’s fiscal year 2020 reported to the City Council Tuesday. Erik Nadeau, of Nicholson, Michaud & Nadeau certified public accountants, gave an overview of financial statements in the 58 page report which says the total budgeted revenues for the year were $42,969,890, and actual revenues were $43,301,073, resulting in a positive variance of $331,183. Total budgeted expenditures were $43,499,890 and actual expenditures were $42,407,208, resulting in a positive variance of $1,092,682. For the year, the general fund had an increase in fund balance of $893,865, the report says.

Erik nadeauJay coelhoMichaud nadeauMichaelj royMichael roySteve dalyCity councilHathaway creative centerWaterville brewing coCity manager michael royMayor jay coelhoCity manager michaelCity hallManager steve dalyCouncilor rebecca greenWaterville brewing