Ridihalgh, Fuelling, Snitker, Weber, & Co. CPA’s recently released an audit on the City of La Porte City, Iowa.
The City’s receipts totaled $2,744,685 for the year ended June 30, 2014, a 40% percent decrease from 2013. Receipts included $1,054,532 in property taxes, $726,737 for charges for services, $494,638 from operating grants, contributions, and restricted interest, $16,500 from capital grants, contributions, and restricted interest, $294,079 from local option sales tax, $2,611 from unrestricted investment earnings, and $155,588 from other general receipts.
Disbursements for the year totaled $3,910,494, a 16% decrease from 2013, and included $1,192,529 for Public Works, $504,679 for Public Safety, $664,951 for Capital Projects and $414,555 for Debt Service.
A copy of the audit report is available for review in the office of the Auditor of the State and the City Clerk’s office.