A local accounting firm reports financial statements for both the City of Atlantic and Cass County have been completed. The reports, compiled by Gronewold, Bell, Kyhnn & Company, P.C., are for the Fiscal year that ended June 30, 2014. Copies of the report are available at the Atlantic City Clerk’s office and office of the Cass County Auditor, respectively. The reports are also available from the State Auditor’s Office.

The City of Atlantic Financial report can be found here: http://auditor.iowa.gov/reports/1420-0128-C00F.pdf

The Cass County Financial report can be found here: http://auditor.iowa.gov/reports/1410-0015-C00F.pdf  Cass County Auditor Dale Sunderman summarizes the County report as follows:

The County had local tax revenue of $25,969,742 for the year ended June 30, 2014, which included $1,230,203 in tax credits from the state. The County forwarded $19,029,316 of the local tax revenue to the townships, school districts, cities and other taxing bodies in the County. The County retained $6,940,426 of the local tax revenue to finance County operations, a 0.7 percent increase from the prior year.

Other revenues included $6,088,828 from the state, including indirect federal funding of $2,467,736, charges for service of $351,156, and $191,376 for the use of money and property. Expenditures for County operations totaled $14,468,301, a 21.2 percent increase from the prior year.

Expenses included $4,958,282 for roads and transportation, $1,092,156 for mental health, $2,359,152 for public safety and legal services, $813,009 for capital projects, the flow thru of indirect federal funding and $1,222,405 for administrative services.