For Immediate Release:
For more information contact: Justin Yarosevich
Storm Lake, Iowa - The Lake Improvement Commission and their independent auditing firm of Winther, Stave & Co., LLP has released an audit report on the Lake Improvement Commission as of June 30, 2011.
For the year ended June 30, 2011, receipts totaled $983,355, compared to $477,740 for fiscal year 2010. The increase was primarily the result of increase state grants.
For the year ended June 30, 2011, disbursements totaled $959,542, compared to $731,885 for fiscal year 2010.
Due to the results described above, the Commissions’ cash balance increased $32,813 from $1,950,096 at June 30, 2010 to $1,982,909 at June 30, 2011.
A copy of the audit report is available for review in the Storm Lake City Clerk’s Office.