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Grundy County audit report

March 20, 2016
Reinbeck Courier

The County had local tax revenue of $21,580,738 for the year ended June 30, 2015, which included $1,473,544 in tax credits from the state. The County forwarded $15,605,685 of the local tax revenue to the townships, school districts, cities and other taxing bodies in the County.

The County retained $5,975,053 of the local tax revenue to finance County operations, an 8% increase over the prior year. Other revenues included charges for service of $1,281,239, operating grants, contributions and restricted interest of $4,066,097, capital grants, contributions and restricted interest of $551,903, tax increment financing of $93,002, local option sales tax of $450,511, unrestricted investment earnings of $39,212 and other general revenues of $68,445.

Expenses for County operations for the year ended June 30, 2015 totaled $11,934,284, a 2.4% decrease from the prior year. Expenses included $5,303,717 for roads and transportation, $1,743,331 for public safety and legal services and $1,771,882 for administration.

The increase in revenues is primarily due to an increase in property valuations in the County.

A copy of the audit report is available for review in the County Auditor's Office, in the Office of Auditor of State and on the Auditor of State's web site at auditor.iowa.gov/reports/1510-0038-B00F.pdf.

 
 

 

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