A recently completed audit by Hunt & Associates, P.C., Certified Public Accountants, showed Guthrie County retained just under 22 percent of local tax revenue collected for the year ended June 30, 2011.
During that period, the county had local tax revenue of $21,778,875 which included $698,687 in tax credits from the state and $447,849 in local option sales and services tax. The county forwarded $17,003,964 of the local tax revenue to the townships, school districts, cities and other taxing bodies in the county.
The county retained $4,774,911 of local tax revenue, including $137,566 in tax credits from the state and $447,849 in local option sales and services tax, to finance county operations, a 19.6 increase from the prior year. The increase is due primarily to increases in the general supplemental and rural services tax levy rates and an increase in the assessed taxable valuation. Other revenue included charges for service of $2,101,906, operating grants, contributions, and restricted interest of $3,823,983, capital grants and contributions of $624,406, unrestricted investment earnings of $46,314 and other general revenues of $114,401.
Expenses for county operations totaled $9,889,497, a 4.1 percent decrease from the prior year. Expenses included $4,051,929 for roads and transportation, $1,135,955 for mental health and $1,132,964 for physical health and social services.
A copy of the report is available for review in the county auditor's office and on the State Auditor's website: http://auditor.iowa.gov/reports
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