(Des Moines, Iowa) – Auditor of State Rob Sand, Thursday, released an audit report on City of Shenandoah, Iowa.

The report said the City’s receipts amounted to more than $11.8-million dollars ($11,869,174) for the year ended June 30, 2023, an 8.4% decrease from the prior year. Disbursements for the year ended June 30, 2023 were slightly more than $11.6-million ($11,642,816), a 4.1% increase over the prior year. The significant decrease in receipts is due to a prior year bond issuance. The increase in disbursements is due primarily to increases in business type activities for golf course repairs, water capital outlays and public works street repairs during the year.

Sand reported four findings related to the receipt and disbursement of taxpayer funds. They are found on pages 54 through 57 of this report. The findings address a lack of segregation of duties, disbursements exceeding budgeted amounts before amendment, deficit fund balance and co-mingling of City funds with the Shenandoah Library Foundation. Sand provided the City with recommendations to address each of the findings.

Three of the four findings discussed above are repeated from the prior year. The City Council has a fiduciary responsibility to provide oversight of the City’s operations and financial transactions. Oversight is typically defined as the “watchful and responsible care” a governing body exercises in its fiduciary capacity.

A copy of the audit report is available for review on the Auditor of State’s website.