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City of Dysart Audit Report Released

January 20, 2010
Dysart Reporter

Clifton Gunderson LLP today released an audit report on the City of Dysart, Iowa. The financial statements include a Statement of Activities and Net Assets which provides information about the activities of the City as a whole. Also included is Management's Discussion and Analysis of the City's financial statements. The City's receipts totaled $2,750,130 for the year ended June 30, 2009, a 4.6 percent increase from 2008. The receipts included $400,114 in property tax; $65,937 from tax increment financing collections; $1,715,260 from charges for services; $196,882 from operating grants, contributions, and restricted income; $0 from capital grants, contributions, and restricted interest; $77,249 from local option sales tax; $23,553 from unrestricted investment earnings; $11,492 from special assessments; and $259,643 from other general receipts. Disbursements for the year totaled $2,737,929, a 1.8 percent increase from the prior year, and included $ 110,693 for capital projects; $359,673 for public safety; $235,314 for debt service; $166,411 for public works; $202,304 for culture and recreation; $50,142 for general government; and $19,609 for community and economic development. Also disbursements for business type activities totaled $1,593,783. 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



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