Ridihalgh, Fuelling, Snitker, Weber, & Co. CPA’s recently released an audit on the La Porte City Utilities for the year ended June 30, 2012.
Ridihalgh, Fuelling, Snitker, Weber, & Co. CPA’s reported that the Utilities’ receipts totaled $3,597,104 for the year ended June 30, 2012. The receipts included $2,404,707 in charges for services, $37,445 in grant and miscellaneous proceeds, $1,150,972 for bond proceeds, and $3,979 for interest on investments.
Disbursements totaled $3,430,621 for the year ended June 30, 2012, of which $313,669 was for debt service.
The report included recommendations regarding segregation of duties, and preparation of financial statements.
A copy of the audit report is available for review in the office of the Auditor of the State and the Utility office.