Martens and Company, CPA, LLP reported the city of Creston’s receipts totaled $9,159,727 for the year that ended June 30, 2016, a 2 percent increase from 2015.
The receipts included $2,690,437 in property tax; $149,660 in hotel/motel tax; $697,428 from the tax increment financing collections; $889,906 from local option sales tax collections; $2,373,492 from charges for services; $1,291,338 from operating grants, contributions and restricted interest; $381,380 from capital grants, contributions and restricted interest; $61,248 in unrestricted interest on investments and $624,838 from other general receipts.
Disbursements for the year totaled $7,972,094, a 9 percent decrease from the prior year, and included $1,860,501 for general government; $1,606,192 for public safety; $1,088,766 for business type activities (sewer); $908,363 for debt service and $1,675,071 for public works.
The increase in receipts is because the city had higher property tax and capital grants collections this year. The decrease in disbursements is due primarily to decreased general government disbursements related to reduced state grants related to repairs to the restored Creston Depot.
A copy of the audit report is available for review in the City Clerk’s Office or in the Office of Auditor of State.