Auditor of State Rob Sand has released an audit report for the City of Colfax, Iowa.

The city’s receipts totaled five-point-two million for the year ended June 30,2021, a decrease of 13.7 from the prior year.

Disbursements for the same period totaled five-point-seven million, a 26.8 percent increase over the prior year.

The significant decrease in receipts is due primarily to higher note proceeds from the prior year.

The increase in disbursements is primarily due to increased capital project disbursements, including the city hall remodeling project.

Sand reported seven findings related to the receipt and disbursement of taxpayer funds.

A copy of the audit report is available for review on the Auditor of State’s web site at audit reports – auditor of state.