Cline, DeVries & Alien, LLP has released an audit report on the City of Story City, Iowa.
The City’s receipts totaled $4,343,141 for the year ended June 30, 2013, a two percent decrease from 2012. The receipts included $1,034,301 in property tax, $735,317 from tax increment financing collections, $1,117,523 from charges for service, $445,253 from operating grants, contributions and restricted interest, $365,551 from capital grants, contributions, and restricted interest, $385,850 from local option sales tax, $42,269 from unrestricted investment earnings, and $217,077 from other general receipts.
Disbursements for the year totaled $9,214,460, a one hundred eight percent increase from the prior year, and included $3,991,911 for debt service, $2,161,900 for capital projects, and $888,969 for public safety. Also, disbursements for business type activities totaled $726,172 .
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 website at: http:/ /auditor.iowa.gov/reports/index,html.