Hogan-Hansen, A Professional Corporation, recently released an audit report on the City of Marion, Iowa.

The City’s revenue totaled $41,365,387 for the year ended June 30, 2015, an 11.5 percent decrease from the prior year. The revenue included $19,561,160 in property tax and tax increment financing; $4,456,158 in local option sales tax; $4,247,838 in other City tax and special assessments; $8,850,372 from charges for service; $1,104,589 from operating grants and contributions; $2,494,700 from capital grants and contributions; $687,143 from unrestricted investment earnings; $8,149 from other general revenue; and a $44,722 loss on disposal of capital assets.

Expenses for City operations for the year ended June 30, 2015 totaled $40,241,354, a 6 percent increase from the prior year. Expenses included $12,132,937 for public works, $8,104,573 for community and economic development, and $6,958,539 for public safety. Expenses for business-type activities totaled $6,383,080.

It is the opinion of the auditing firm that the City of Marion’s financial statements as of June 30, 2015 fairly present the financial position and cash flows of the City and were conducted in conformity with generally accepted accounting principles.

The report includes recommendations to the City Council and other City officials.

A copy of the audit report is available for review in the office of the Auditor of State, the City Clerk’s office, and online.