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City comptroller resigns position
Lara Feagins, who for almost 1-1/2 years has worked as Floresville’s comptroller, is resigning effective March 18.
In a March 5 resignation letter to the mayor and city council, Feagins did not specify a reason for her departure. She indicated her plans to complete work related to Floresville’s fiscal year 2013 audit and management discussion analysis and the upcoming increase in water and wastewater rates. Feagins also included a list of the city’s unaudited cash balances as of the date of her letter, which depicts a $73,440 shortfall in the general fund.
“I give this to you as I want to impress upon everyone that work still needs to be done, that it will not take much [to] very quickly undo the progress,” she wrote.
Feagins was hired in October 2012 amid mounting scrutiny from the Wilson County News and the general public about the city’s finances. Less than three months later, Auditor Patricia K. Wagner delivered the news of Floresville’s financial insolvency. This led to the council approving a plan to address the deficit.
Then in June 2013, Standard & Poor’s Rating Service lowered Floresville’s general obligation debt rating from “A-” to “BBB,” warning that the city’s failure to implement the provisions of the insolvency plan could lead to a further downgrade.
City Manager Henrietta Turner praised Feagins for her help in addressing the city’s financial challenges and said she wished Feagins well in her new position with the city of Shavano Park.
Feagins is the latest high-level city employee to leave the city’s employ. Former City Secretary Sherry Pollok resigned effective Feb. 7 and Lt. Chad Clark of the Floresville Police Department plans to retire May 30.
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