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The original item was published from 12/28/2021 11:29:00 AM to 1/12/2022 12:00:01 AM.

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Posted on: December 28, 2021

[ARCHIVED] Annual Comprehensive Finance Report Available

FINANCIAL HIGHLIGHTS: Anderson, Larkin & Co., P.C. reported that the City had revenues of $47,028,249 for the year ended June 30, 2021, a 0.99% increase from the prior year and included $17,469,697 from property and other City tax, $13,795,720 from charges for services and $7,424,587 from operating grants. City expenses totaled $41,618,173, 0.05% decrease from the prior year, and included $14,791,712 for public safety, $9,531,705 for business-type activities and $8,910,069 for public works.

AUDIT FINDINGS: Anderson, Larkin & Co., P.C. reported 1 finding related to deficit fund balances. This is found on page 152 of this report. Anderson, Larkin & Co., P.C. provided the city with recommendation to address the finding. The City Council has a fiduciary responsibility to provide oversight of the City’s operations and financial transactions. Oversight is typically defined as the “watchful and responsibility care” a governing body exercises in its fiduciary capacity. A copy of the audit report is available for review in the City Clerk’s office, in the Office of Auditor of State and on the Auditor of State’s website at 

Read the full report under the finance page of the city website.

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