Gronewold, Bell, Kyhnn & Co. P.C. CPAs have released an audit report on the City of Mount Vernon.

The auditors reported that the City’s receipts for its governmental funds totaled $11,423,964 for the year ended June 30, 2024. The receipts included $1,894,963 in property tax, $494,968 in other city taxes, $722,012 in local option sales tax, $1,174,027 in tax increment financing collections. $981.954 from intergovernmental sources. $354.457 from use of money and property, $16,972 from licenses and permits, $552,244 from charges for services, $160,247 in miscellaneous receipts, $5,006,171 from note proceeds and premium on notes and $65,949 from the sale of capital assets. The City’s receipts for its proprietary funds totaled $3,403,043 of which $2,803,862 was from charges for services, $482,870 from intergovernmental sources, $99,489 from use of money and property, $700 from the sale of capital assets and $16,122 in miscellaneous receipts.

Disbursements for its governmental funds totaled $8,296,262, and included $ 1,729,515 for public safety, $573,499 for public works, $913,253 for culture and recreation, $301,746 in community and economic development, $532,760 in general government, $1,554,509 for debt service and $2,690,980 for capital projects.

Disbursements of the City’s proprietary funds totaled $2,851,979, of which $2,820,510 was attributable to its business type activities, and $31,469 for capital projects. This report contains recommendations to the City Council and other City officials. The City has responded that corrective action is being taken for each item.

A copy of the audit report is available for review in the office of the Auditor of State and the City Administrator’s office.