March 19, 2024

City of Newton audit report released

Gronewold, Bell, Kyhnn & Co. P.C. CPAs have released an audit report on the City of
Newton.

The auditors reported that the City’s receipts for its governmental funds totaled $18,274,289 for the year ended June 30, 2016. The receipts included $7,025,573 in property tax, $472,447 in other city taxes, $1,373,521 in local option sales tax, $2,508,520 in tax increment financing collections, $3,630,008 from intergovernmental sources, $133,030 from use of money and property, $341,597 from licenses and permits, $1,817,922 from charges for services, $25,461 from special assessments, $62,327 from sale of assets, and $883,883 in miscellaneous revenues.

The City’s receipts for its proprietary funds totaled $4,868,567 of which $4,611,928 was from charges for services.

Disbursements for its governmental funds totaled $22,912,408, and included $6,573,415 for
public safety, $3,331,047 for public works, $2,103,157 for culture and recreation, $1,974,731 in community and economic development, $1,214,456 in general government, $4,681,791 for capital projects, and $3,033,811 for debt service. Disbursements of the City's proprietary funds totaled $4,355,308, which was attributable to its business type activities.

This report contains recommendations to the City Council and other City officials. The City
has responded that corrective action is being taken for each item.

A copy of the audit report is available for review in the office of the Auditor of State and the
City Administrator's office.