An Independent Audit Says, For The 2008-09 Fiscal Year, Johnson City Operated On Solid Financial Ground. The 207-Page Report Said, In Light Of National Economic Recession, The City Came Through With Flying Colors. The City’s Fund Balance For The Year Ending June 30th Was Around 22 Million Dollars. City Manager Pete Peterson Said Johnson City Is Faring Better Than Many Of Its Surrounding Neighbors Near And Far.