Williams & Company, P.C. has announced they’ve released an audit report on Plymouth County for the fiscal year ending June 30th of 2025. The report states that the county collected just under $56.1 million in property taxes during FY 2024/25, including $1.6 million in tax credits from the state.
The county retained their tax portion of $12.8 million of the $56.1 million collected to finance county operations. The balance of the property tax and tax credits collected were forwarded to the townships, school districts, cities, and other taxing bodies in the county. Revenues for county operations totaled $27.7 million during FY 2024/25, a 5.56% decrease from the the prior year, but greater than expenditures for county operations totaling just under $25.5 million, itself a 11.48% decrease from the prior year.
Ending June 30th, 2025, Plymouth County governmental funds reported a combined ending fund balance of $21.5 million, which is 85% of the total governmental fund expenditures and an increase of $2.1 million from the previous fiscal year. The county’s total net position during FY 2024/25 increased by $6.8 million from FY 2023/24.
A copy of the full audit report and its findings is available for review on the Iowa State Auditor’s website at auditor.iowa.gov/reports/audit-reports.
