Gronewold, Bell, Kyhnn & Co. P.C. CPAs have released an audit report on the City of Tama, Iowa.
The City's receipts totaled $4,167,694 for the year ended June 30, 2013, a 52.2% increase from 2012.
The receipts included $940,026 in property tax, $240 of tax increment financing, $1,150,280 from charges for services, $745,156 from operating grants, contributions and restricted interest, $209,815 from local option sales tax, $37,216 from unrestricted interest on investments, and $99,961 from other general receipts, and $975,000 from refunding debt issued.
Disbursements for the year totaled $4,433,593, a 37.5% increase from the prior year, and included $826,533 for public safety, $567,921 for public works, $288,261 for culture and recreation, $1,232,405 for debt service, $58,682 for capital projects, and $167,560 for general government. Also, disbursements for business type activities totaled $758,292.
A copy of the audit report is available for review in the City Clerk's Office, the Office of the Auditor of State, and on the Auditor of State's web site at: