Forest City Audit Report Released

FC City Hall  Certified Public Accountant Larry Pump in Charles City, Iowa, released an audit report on the City of Forest City for the year ended June 30, 2013.

Pump reported that the City’s receipts totaled $11,612,751 for the audited year. The receipts included $1,968,431 in property taxes, $511,596 from tax increment financing, $7,805,125 from charges for service, $563,486 from operating grants, contributions, and restricted interest, $137,585 for capital grants, contributions, and restricted interest, $376,261 for local option sales tax, $22,859 from unrestricted investment earnings, and $227,408 from other general receipts.

Disbursements for the year totaled $11,703,655. The disbursements included $1,226,621 for public safety, $1,369,665 for public works, $14,644 for health and social services, $662,552 for culture and recreation, $702,580 for community and economic development, $246,942 for general government. $628,876 for debt service, $15,332 for capital projects, and $6,836,443 for business type activities.

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

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