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Posted on: January 4, 2021

Comprehensive Annual Financial Report for FY20 Released

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Eide Bailly LLP released an audit report on the City of Marshalltown, Iowa.

 FINANCIAL HIGHLIGHTS

 The City’s revenues totaled $42,106,605 for the year ended June 30, 2020, a .5 percent decrease from 2019. Expenses for the year ended June 30, 2020 totaled $34,105,813 a 8.1 percent increase from the prior year.

AUDIT FINDINGS

Eide Bailly LLP did not report any findings related to the financial statements. 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 for review at City Hall and the Library, and online at the city's website here.


 


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