Charles City annual audit shows more than $19.6 million in revenue, spending

By Travis Fischer, tkfischer@charlescitypress.com

The independent audit of the City of Charles City’s 2022/23 fiscal year has been completed and released.

In a summery of the audit, T.P. Anderson & Co. reported that the city’s income totaled $19,668,518.

This includes $7,924,465 in charges for service, such as water and sewer revenue, building permits, and any other income the city receives for service.

It also includes $2,632,432 in intergovernmental income, such as road use tax, payments from the county or townships or state and federal funds.

Income from property taxes amounted to $7,924,456 along with $1,125,944 in Local Option Sales Tax.

Total spending for the city for the fiscal year amounted to $19,614,957.

Disbursements included $7,615,093 for business activities; $2,874,325 for community and economic development; $2,603,342 for public safety; and $1,900,697 for capital projects.

The audit found no areas of concern regarding Charles City outside of noting a lack of segregation of duties in city staff, a common deficiency found in virtually every city in the state with a staff size small enough to require people to perform multiple tasks.

A copy of the full audit can be seen for review at the City Clerk’s office and will be available online at the state auditor’s website.