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Audit Report Released on Palo Alto County

By Staff | Apr 3, 2018

Auditor of State Mary Mosiman today released an audit report on Palo Alto County, Iowa.

The County had local tax recenue of $21,559,230 for the year ended June 30, 2017, which included $1,686,611 in tax credits for the state.?The County forwarded $14,826,105 of the local tax revenue to the townships, school districts, cities, and other taxing bodies in the County.

The County retained $6,733,125 of the local tax revenue to finance County operations, a 1.8% decrease from the prior year. Other revenues include charges for service of $1,688,540, operating grants, contributions and restricted interest of $4,203,961, capital grants, contribution and restricted interest of $1,662,705, local option sales tax of $352,235, tax increment financing of $864,015, gaming tax of $352,235, increment financing of $864,015, gaming tax of $141,160, unrestricted investment earnings of $106,095 and other general revenues of $576, 820.

Expenses for County operations for the year ended June 30,2017 totaled $13,163,862, a 15.2% increase over the prior year. Expenses included $5,411,636 for roads and transportation, $1,952,125 for public safety and legal services, and $1,812,276 for non-program.

The significiant increase in expenses is primarily due to an increase in drainage district projects.

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 auditor.iowa.gov/reports/1710-0074-B00F.