Press release submitted by city of Bettendorf|
BETTENDORF – McGladrey LLP today released an audit report on City of Bettendorf, Iowa.
The City's revenues totaled $53,626,210 for the year ended June 30, 2012, a 2.3 percent increase from the prior year. Revenues included $20,783,927 in property tax, $2,318,400 for tax increment financing, $10,950,020 from charges for service, $5,565,478 from operating grants and contributions, $4,033,814 from capital grants and contributions, $4,723,721 from local options sales tax, and $5,250,850 from other general revenues.
Expenses for City operations totaled $49,553,769 a 2.7 percent decrease from the prior year. Expenses included $10,097,643 for Public Safety, $8,118,410 for Public Works, and $5,050,752 for Culture and Recreation. Expenses for business type activities totaled $16,600,024.
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 web site at http://auditor.iowa.gov/reports/index.html.