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Cedar Rapids Audit Shows Net Worth Over 157 Million
The Cedar Rapids fiscal 1978 audit, the first under a modified accrual basis, shows assets of 287,012,456 and liabilities of 129,751,268 for a net worth of 157,261,188. The report notes strong debt margins, upcoming bond needs for a new airport terminal and bridges, and pension shortfalls, with the full 157-page audit available at City Hall.
MENTIONED IN THIS ARTICLE
City of
Cedar Rapids
Robert McMahan
McMahan
Des Moines
Ames
McGladrey Hendrickson & Co
Water Department
McGladrey
Information Service Department