Development News for East Point, Georgia

City Council Confirms Approval of Emergency Procurement for Financial Analysis; Ed Wall to Provide Pro Bono Review

The council discussed authorizing an emergency procurement for a cash flow analysis, reserve verification, and utility fund review. It was confirmed that this item had already been voted on and approved. The city manager provided an update that Mr. Ed Wall, a financial consultant from Piper Sandler, will conduct a review of the budget and audits at no cost to the city. This review is a supplement to other ongoing forensic analyses. The council discussed the process for submitting additional questions and concerns to Mr. Wall, with a deadline suggested for the end of the week. The city manager also noted that staff has a meeting scheduled with Plant Moran to discuss potential costs for additional work, and the council agreed to proceed concurrently with both Mr. Wall's review and Plant Moran's assessment.