Eide Bailly LLP has released its comprehensive audit report on the financial status of the City of Davenport for the fiscal year, ending June 30, 2023, underscoring Davenport’s strong financial position, the city announced in a news release this week.
The city’s revenues totaled $247,926,024 for the fiscal year, which was a 9% increase from 2022, the release states. Expenses totaled $200,944,990 — an 8% increase from the previous year.
Eide Bailly did not report any findings related to the financial statements, according to the release, which also notes that the City Council has a fiduciary responsibility to provide oversight of the city’s operations and financial transactions.
“The positive financial outcomes emphasize our commitment to strong fiscal management. Our budget priorities do and will continue to reflect what our citizens ask of us,” Davenport Mayor Mike Matson said in the release.
“We are dedicated to providing transparent and responsible governance, ensuring the continued prosperity of the City of Davenport.”
To review the audit report, visit City Hall or the Auditor of State’s website.
