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Audit presented to PDC common council

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Prairie du Chien’s Common Council met on Tuesday evening, July 18, to review the results of a city audit conducted for the year ending December 31, 2022. In 2021, the city’s federal expenditures were greater than $750,000, which triggered an additional compliance audit.

The audit was prepared by Johnson Block & Company, Inc. and presented by Brent Nelson, CPA Audit Partner, to breakdown the process’ findings. The report detailed city funds, expenditures, fees, revenue sources and tracked funds with comparisons to previous years with a scope that included “all funds and activities.”

Outlined in the report, the city’s general fund increased $196,626 from 2021 and showed an increase year-over-year from 2018 to the current year. The audit noted the fund balance was in line with the city’s policy. Expenditures from the general fund were $6,016,353, up from $5,506,507 in 2021 but down compared to $6,178.668 in 2018. Public safety was the largest category of expenditures during the year at $1,841,396, 31 percent of expenditures for the city. Other categories were debt service and transfers, general government, public works and leisure activities. And while 2020 had seen a decrease in leisure spending, the audit observed the numbers had remained steady from 2021.

Taxes accounted for 50% of the general fund’s revenue, while intergovernmental revenue made up 31 percent. Other sources of revenue included fines and forfeits, public service charges and licenses and permits. Nelson stated property taxes comprised the majority of tax revenue for Prairie du Chien. In the observations from the audit documents, intergovernmental revenues included highway aids ($447,329) and shared revenue ($1,321,487). Revenues increased to $6,216, 281 from $6,020,161 from the previous year.

The city’s utilities showed net positive income in 2022, with the  water accruing $1,304,296 in revenue against $978,918 expenses for a net income of $325, 378. Water usage has grown steadily over the last five years and revenue was assisted by a three percent rate increase, which took effect on March 5, 2022. Net income grew with usage from $130,590 in 2018 and $253, 473 in 2021. Sewer had increases in both revenue and expenses year-over-year since 2019 and posted a net income of $64,576 for the year.

Prairie du Chien had one new debt issuance, which the report cited as refinancing of $1,050,000 in anticipation debt from 2018. There was additional borrowing for street improvements. Nelson reported the city’s debt was $10,076,220, which fell below the city’s general obligation debt limitation of $22,751,610. The city, as of December 31, 2022, had 56 percent of its debt capacity left.

The council accepted the audit report. Nelson noted that all city personnel were cooperative and thanked all contributors to the production of the audit before the meeting adjourned. 

 

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