Auditor of State Rob Sand today released an audit report on the City of Clinton, Iowa.
FINANCIAL HIGHLIGHTS:
The City’s revenues totaled $57,812,333 for the year ended June 30, 2024, a 6.0% decrease over the prior year. Expenses for City operations for the year ended June 30, 2024 totaled $64,208,837, a 9.5% increase over the prior year.
AUDIT FINDINGS:
Sand reported nine findings related to the receipt and expenditure of taxpayer funds. They are found on pages 115 through 123 of this report. The findings address issues such as a lack of segregation of duties, the lack of utility billing reconciliations and disbursements exceeding budgeted amounts. Sand provided the City with recommendations to address each of the findings.
Nine of the nine findings discussed above are repeated from the prior year. The City Council has a fiduciary responsibility to provide oversight of the City’s operations and financial transactions. Oversight is typically defined as the “watchful and responsible care” a governing body exercises in its fiduciary capacity.
A copy of the audit report is available Here CityofClintonFinancialReport
State Capitol Building
Des Moines, Iowa 50319-0006
Telephone (515) 281-5834
Rob Sand
Auditor of State
NEWS RELEASE
Contact: Brian Brustkern
FOR RELEASE
515/281-5834
# # #
