In an update to our report last week with regard to the City of Atlantic’s Audit for the year ending June 30, 2017, the auditors (Gronewold, Bell, Kyhnn & Co., P.C. CPA’s) said the City’s receipts for its governmental funds totaled slightly more than $7.92-million dollars. The receipts included

• $3.57-million in property tax,
• $100,547 in other city taxes.
• $953, 212 in Local Option Sales Tax (LOST),
• $109, 263 in Tax Increment Financing (TIF) collections,
• $1.95-million from intergovernmental sources,
• $123, 545 from use of money and property.
• $67,957 from licenses and permits
• $369,368 from charges for services
• $2,000 from sale of assets
• $360,000 from debt proceeds
• and, $307,422 in miscellaneous revenues.

The City’s receipts for its proprietary funds totaled $1.876-million, of which $1.838-million was from charges for services. Disbursements for its governmental funds totaled $9.43-million, and included:

• $2.04-million for public safety
• $1.33-million for public works
• $13,220 for health and social services
• $896,860 for culture and recreation
• $409, 359 in community and economic development
• $654,726 in general government
• $2.56-million for capital projects
• and $1.54-million for debt service.

Disbursements of the City’s proprietary funds totaled $1.806-million, which was attributable to its business-type activities. As previously mentioned, the Auditor’s report contains recommendations to the City Council and other City officials. The City has responded that corrective action is being taken for each items. A copy of the Audit report is available for review at the Auditor of State’s office and the Atlantic City Administrator’s Office.