Sturgis receives financial audit results

The city of Sturgis recorded an 8.1 percent gain in its overall financial position last fiscal year, posting a worth of just over $71 million at the end of the 2014 fiscal year, according to a recent independent audit.
The audit, presented to the Sturgis City Commission last week, showed the city collected about $16.5 million in governmental operating revenue last year, spending about $11.6 million.
The largest share of local spending – 36 percent – was for public safety, followed by 32 percent for public works.
The budget allocated 14 percent for recreational and cultural activities and spent 13 percent on general government operations.
According to the audit, 43 percent of the city’s tax base is industrial, 40 percent is residential and 17 percent is commercial.

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