March 28, 2024

Newton Waterworks audit report

Nolle, Comman & Johnson, P.C. released an audit report on the Newton Municipal Waterworks.

Waterworks revenues totaled $3,329,793 for the year ended June 30, 2019, a 2.96 percent decrease from the prior year, primarily due to the decrease in revenue received from metered customers.

Expenses for the Waterworks totaled $3,079,653 for the year ended June 30, 2019, a 0.08 percent increase from the prior year, primarily due to increased operations expenses.

Nolle, Comman & Johnson, P.C. reported one finding found on page 40 of the annual report. During the year ended June 30, 2019, Waterworks expenditures exceeded the budgeted amounts.

A copy of the audit report is available for review on the Auditor of State’s web site at auditor.iowa.gov/auditreports.