Auditor Of State Releases Audit Report For O’Brien County
Date posted - March 15, 2012
The latest audit of O’Brien County is in, and it looks good, with the county taking in over two million dollars more than it spent. Auditor of State David A. Vaudt released the audit report.
The County had local tax revenue of $19,896,005 for the year ended June 30, 2011, which included $887,202 in tax credits from the state. The County forwarded $14,416,857 of the local tax revenue to the townships, school districts, cities and other taxing bodies in the County.
The County retained $5,479,148 of the local tax revenue to finance County operations, a 3% increase over the prior year. Other revenues included charges for service of $1,719,158, operating grants, contributions and restricted interest of $4,635,284, capital grants, contributions and restricted interest of $547,581, tax increment financing of $277,107, local option sales tax of $549,039, unrestricted investment earnings of $84,160 and other general revenues of $229,141. Total revenues were $13,520,618
Expenses for County operations totaled $11,384,014, a 4% increase over the prior year.
Expenses included $4,062,714 for roads and transportation, $2,694,264 for public safety and legal services and $1,702,437 for mental health.
A copy of the audit report is available for review in the County Auditor’s office, in the Office of Auditor of State and on the Auditor of State’s web site at http://auditor.iowa.gov/reports/1110-0071-B00F.pdf.
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