Annual Independent Audit Produces No Significant Negative Findings
In January, Hogan-Hansen, A Professional Corporation, released an audit report on the City of Marion, Iowa.
The City’s revenue totaled $46,754,459 for the year ended June 30, 2014, a 12.1 percent increase from the prior year. Revenue included $17,400,856 in property tax; $4,563,326 in local option sales tax; $1,848,215 in other taxes; $3,455,236 from road use tax; $8,320,913 from charges for service; $597,729 from operating grants and contributions; $9,908,399 from capital grants and contributions; $675,465 from unrestricted investment earnings; $27,285 from other revenue; and a $42,965 loss on sale of capital assets.
Expenses for City operations for the year ended June 30, 2014 totaled $37,967,371, an 11.4 percent increase from the prior year. Expenses included $8,903,438 for public safety, $11,223,005 for public works, $5,956,290 for culture and recreation, $2,558,515 for community and economic development and $2,056,659 for general government. Interest expense and other charges totaled $1,120,661. Business-type activities expenses totaled $6,148,803.
The report contains various recommendations to the City Council and other City officials.
View the FY14 Audit Report
View other Audit Reports