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Audit report
March 18, 2018

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

The County had local tax revenue of $22,854,640 for the year ended June 30, 2017, which included $2,079,926 in tax credits from the state. The County forwarded $16,782,032 of the local tax revenue to the townships, school districts, cities and other taxing bodies in the County.

The County retained $6,072,608 of the local tax revenue to finance County operations, a 1.2% increase over the prior year. Other revenues included charges for service of $1,421,019 operating grants, contributions and restricted interest of $4,463,217, capital grants, contributions and restricted interest of $1,098,229, tax increment financing of $40,423, local option sales tax of $457,341, unrestricted investment earnings of $58,163 and other general revenues of $86,685.

Expenses for County operations for the year ended June 30, 2017 totaled $13,046,370, a 2.3% increase over the prior year. Expenses included $6,388,006 for roads and transportation, $1,804,305 for public safety and legal services and $1,628,241 for administration.

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/1710-0038-B00F.

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