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Auditor: single audit filed; income-tax revenue down 5% but collections on track
Summary
Auditor Lewis reported that the city’s single audit and annual comprehensive financial report were filed; city income-tax revenue is down about 5% since May but the budget remains on track with 61.87% of projected income-tax revenue collected at midyear; council moved to appropriate a fire-department grant.
Auditor Lewis told council the city completed its single audit conducted by Clark, Schaefer & Hackett and uploaded the annual comprehensive financial report to the council documents. Lewis said income-tax revenue remains down roughly 5% since May but that collections are on track: at midyear the city had collected 61.87% of projected income-tax fund revenue and 56.73% in the safety-forces fund.
Lewis referred a grant received by the fire department to finance for appropriation. Council moved and approved a motion to appropriate the grant funds as referred.
