The Crosslake City Council held a special joint meeting with the utilities advisory board on Thursday, March 19, to review the financial statements of Crosslake Communications in 2014.
Pat Powers of Olsen-Thielen & Co., an accounting firm based in St. Paul, presented to the council and board the number of customers the company has year over year. As expected, the number of landline telephone customers dropped 6.5 percent in 2014. The total number has decreased by an average of 5.6 percent over the past five years.
"One of the things that is unique to (the area) is the seasonality and the number of vacation disconnects," Powers said. "You always have definite peaks."
However, the number of internet customers increased 5.1 percent.
The balance sheet for the company at the end of the year totaled $$8,068,372, a decrease of nearly $400,000 from the previous year.
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In other action during the meeting, the council unanimously approved a police service contract for Mission Township totalling $48,000, unchanged from the previous year's contract.
