AUDIT REPORT RELEASED FOR CITY OF ATLANTIC
(DES MOINES) State Auditor David Vaudt released an audit report for the City of Atlantic.
The City’s receipts totaled $7,796,047 for the year ended June 30, 2010, a less than one percent decrease from the prior year. The receipts included $2,741,365 in property tax, $124,486 from tax increment financing, $1,295,161 from charges for service, $1,530,349 from operating grants, contributions and restricted interest, $475,208 from capital grants, contributions and restricted interest, $739,713 from local option sales tax, $14,006 from unrestricted interest on investments, $708,993 from note proceeds and $166,766 from other general receipts.
Disbursements for the year totaled $7,915,208, a 4 percent increase over the prior year, and included $1,929,725 for public safety, $1,449,113 for public works and $1,843,733 for capital projects. Also, disbursements for business type activities totaled $394,796.
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