The City of Stuart has released the fiscal year 2015 audit report for Stuart Municipal Utilities.

Receipts for the organization totaled $2.6 million, a two-percent increase from the previous year. $2.3 million in service charges was the largest source of revenue.

Disbursements for the year totaled $2.5 million, a two-percent increase from the previous year. The biggest expense was $2.1 million in operating disbursements.

A copy of the audit report is available for review in the Utility Department’s office, the State Auditor’s office or by clicking here: http://auditor.iowa.gov/reports/search.php.