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Accountants release audit on FD city finances

March 30, 2013
Messenger News

An audit of the city of Fort Dodge finances for the 2011-2012 fiscal year has been completed by Cornwell, Frideres Maher & Associates PLC, of Fort Dodge.

The accounting firm reported that the city's revenues were $39,247,212 for the fiscal year that ended June 30, 2012. That was a 1.2 percent increase from the previous fiscal year.

The revenues included:

$15,183,849 from charges for services

$12,435,533 from property taxes

$3,303,332 from the local option sales tax

$3,007,785 from operating grants, contributions and restricted interest

$2,375,267 from capital grants, contributions and restricted interest

$1,396,651 from other general receipts

$1,189,531 from tax increment financing collections

$355,264 from unrestricted interest on investments

Expenses for the year totaled $35,150,588, which the accounting firm described as a less than 1 percent decrease from the previous fiscal year.

The expenditures included:

$10,176,998 for business type activities

$7,511,946 for public safety

$5,424,886 for public works

$4,533,398 for community and economic development

$4,249,918 for culture and recreation

A copy of the audit report is available at the city clerk's office in the Municipal Building, 819 First Ave. S.

 
 

 

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