The City’s receipts totaled $2,001,222 for the year ended June 30, 2015, an 85.7 percent increase from 2014. The receipts included $296,588 in property tax, $ 60,272 in local option sales tax, $489,862 from charges for services, $149,841 from operating grants, contributions and restricted interest, $572,122 from capital grants, contributions and restricted and restricted interest, $422 in unrestricted investment earnings, $400,000 in note proceeds and $14,386 form other general receipts. Disbursements for the year totaled $2,132,287 a 99.5 percent increase from the prior year, and included $956,781 for capital projects, $320,861 for debt service and $160,378 for public work. Also, disbursements for business type activities totaled $432,090. The significant increase in receipts is primarily due contributions and loan proceeds received for the construction of the new fire and ambulance building. The significant increase in disbursement is primarily due to construction costs related to the construction the new fire and ambulance building. A copy of the audit report is available for review in the City Clerk’s office, the Office of Auditor of State, and on the Auditor of States website at http://auditor.iowa.gov/reports/reports.htm