City of Coralville News

Posted on: December 29, 2016

City of Coralville Audit Report Is Available

Coralville City Hall

Hogan - Hansen, A Professional Corporation, released an audit report on the City of Coralville, Iowa.

The City’s governmental fund revenue totaled $52.0 million for the year ended June 30, 2016, a 13.3% decrease from the prior year due primarily to less state and federal grant revenue. General Fund revenue totaled $19,018,187 and included $9,281,637 in property tax, $3,531,350 in other taxes, $4,728,604 from charges for service, $320,844 from federal and state sources, $702,810 from other licenses and permits, and $452,942 from other sources. Operating revenue from business-type activities which include the hotel and conference center, sewer, water, solid waste, transit, parking enterprise, and storm water funds totaled $24.9 million, a 2.6% increase from the prior year.

The City's governmental fund expenditures totaled $56.1 million for the year ended June 30, 2016, a 32% decrease from the prior year due to a significant decrease in capital projects expenditures. The expenditures included $15.2 million for capital projects, $16.1 million for debt service, and $10.6 million for culture and recreation. Business-type activities operating and interest expenses totaled $25.1 million, a 1.1% increase from the prior year.

General Fund expenditures totaled $19,257,879 and included $5,087,910 for public safety, $124,370 for health and social services, $10,299,120 for culture and recreation, $751,234 for community and economic development, and $2,995,245 for general government.

A copy of the audit report is available in the financial documents section at, in the City Clerk’s office at 1512 7th Street, office of the Auditor of State, and on the Auditor of State’s website at

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