County audit shows drop in revenue, expenses

Henry County had a local tax revenue of $26,125,836 for the fiscal year ended June 30, 2014, according to an audit released recently by State Auditor Mary Mosiman.

Also included in the local tax revenue was $1,280,653 in tax credits from the state. The county forwarded $18,710,562 of the local tax revenue to the townships, school districts, cities and other taxing bodies in the county.

The county retained $7,415,274 of the local tax revenue to finance county operations, a 3.3 percent decrease from the previous year. Other revenues included $963,201 in charges for service; operating grants, contributions and restricted interest amounted to $3,582,524; capital grants, contributions and restricted interest was $1,644,958; and local option sales tax received was $864,028.

Henry County also had unrestricted investment earnings of $22,437, gain on disposition of capital assets of $83,632 and other general revenues of $164,249.

On the expense side of the ledger, county operations for fiscal 2014 totaled $13,004,056, a 2.3 percent decrease from the prior year, according to the report.

Expenses included $5,526,232 for roads and transportation, $3,116,797 for public safety and legal services and $1,403,537 for administration.

A copy of the audit report is available for review in the county auditor?s office, the Office of Auditor of State and on the Auditor of State?s website at auditor.iowa.gov/reports/1410-0044-BOOF.pdf.