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City of Coralville News

Posted on: January 23, 2019

City of Coralville Audit Report Is Available


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

The City’s governmental fund revenue totaled $56.2 million for the year ended June 30, 2018, a 7% increase from the prior year. General Fund revenue totaled $18,965,594 and included $9,368,867 in property tax, $3,561,241 in other taxes, $4,477,556 from charges for service, $323,801 from federal and state sources, $809,004 from other licenses and permits and $425,125 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 $26.8 million, a 3% increase from the prior year. 

The City's governmental fund expenditures totaled $84.5 million for the year ended June 30, 2018, a 13% decrease from the prior year. The expenditures included $40.7 million for capital projects, $16.1 million for debt service and $10.4 million for culture and recreation. Business-type activities operating and interest expenses totaled $25.3 million, a 1% decrease from the prior year. 

General Fund expenditures totaled $20,403,154 and included $6,296,775 for public safety, $137,764 for health and social services, $10,212,488 for culture and recreation, $722,767 for community and economic development and $3,033,360 for general government. 

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

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