City of Marion, IA
08/07/2026 | Press release | Distributed by Public on 08/07/2026 08:27
BerganKDV Releases FY2025 Audit Report for the City of Marion
BerganKDV recently released the FY 2025 audit report for the City of Marion, which indicates that Marion's financial statements are presented fairly and accurately in accordance with accounting principles accepted nationwide.
The City's revenues totaled approximately $90,979,000 for the year ended June 30, 2025, a 61.9 percent decrease from the prior year. The revenues included $36,652,000 in property tax and tax increment financing, $10,300,000 of other taxes, $18,596,000 from charges for service, $9,549,000 from operating grants and contributions, $9,678,000 from capital grants and contributions, $825,000 from gain on sale of assets, $5,062,000 of unrestricted investment earnings and $317,000 from other income.
Expenses for the year ended June 30, 2025, totaled approximately $69,388,000 a 24.4 percent increase from the prior year, and included $4,034,000 for general government, $18,372,000 for public safety, $18,217,000 for public works, $8,931,000 for culture and recreation, $4,433,000 for community and economic development, $3,263,000 for interest and fiscal charges, and $12,138,000 for business-type activities.
The decrease in revenue was due to decreased capital grants received. The increase in expenses is due to increased public works costs.
City of Marion, IA published this content on August 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 07, 2026 at 14:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]