News Flash Home
The original item was published from 3/16/2022 3:25:10 PM to 4/17/2022 12:00:02 AM.

News Flash

City of Newton - Administration

Posted on: March 16, 2022

[ARCHIVED] City of Newton Audit Report

Audit Report

Gronewold, Bell, Kyhnn & Co. P .C. CP As have released an audit report on the City of Newton, Iowa.

The auditors reported that the City's receipts for its governmental funds totaled $35,456,695 for the year ended June 30, 2021. The receipts included $8,120,618 in property tax, $406,735 in other city taxes, $1,968,041 in local option sales tax, $2,318,075 in tax increment financing collections, $5,154,685 from intergovernmental sources, $129,814 from use of money and property, $283,923 from licenses and permits, $2,272,484 from charges for services, $6,952 from special assessments, $12,838,647 from debt proceeds, $786,170 from sale of assets, and $1,170,551 in miscellaneous revenues. The City's receipts for its proprietary funds totaled $11,234,214 of which $5,793,411 was from charges for services, and $5,045,765 was from debt proceeds. 

Disbursements for its governmental funds totaled $33,746,799, and included $7,717,580 for public safety, $3,385,159 for public works, $2,224,471 for culture and recreation, $1,077,702 in community and economic development, $1,405,710 in general government, $6,720,472 for capital projects, and $11,215,705 for debt service. Disbursements of the City's proprietary funds totaled $3,650,022, of which $2,754,098 was attributable to its business type activities, $432,911 was for debt service, and $463,013 was for capital projects. 

This report contains recommendations to the City Council and other City officials. The City has responded that corrective action is being taken for each item. 

A copy of the audit report is available for review in the office of the Auditor of State and the City Administrator's office. 

Facebook Twitter Email

Other News in City of Newton - Administration


Waterworks Audit Report Released

Posted on: January 22, 2024