Ridihalgh, Fuelling, Snitker, Weber, & Co. CPA’s today released an audit on the City of Dysart, Iowa.

The City’s receipts totaled $3,097,661 for the year ended June 30, 2014, a 25.9% decrease from the prior year. The receipts included $466,542 in property tax, $71,864 in tax increment financing, $2,009,827 from charges for service, $441,710 from operating grants, contributions and restricted interest, $408 from capital grants, contributions, and restricted interest, $86,433 from local option sales tax, $7,407 from unrestricted interest on investments, and $13,470 from other general receipts.

Disbursements for the year totaled $3,673,564 a 1.70% increase from the prior year, and included $763,466 for capital projects, $633,468 for public safety and $289,233 for debt service. Also, disbursements for business-type activities totaled $1,581,536.

The significant decrease in receipts is due primarily to the issuance of general obligation bonds for capital projects in the prior year.

A copy of the audit report is available for review in the City Clerk’s Office, in the Office of Auditor of State and on the Auditor of State’s web site at auditor.iowa.gov/reports/index.html.