Nolte, Cornman & Johnson P.C. recently released an audit report on the Union Community School District in La Porte City, Iowa.
The District’s revenues totaled $14,962,911 for the year ended June 30, 2014, a 3.08% increase from the prior year. Revenues included $4,442,306 in property tax, $706,809 in income surtax, $1,060,395 in statewide sales, services and use tax, $6,289,131 in unrestricted state grants, $1,226,811 in charges for service, $1,137,275 in operating grants, contributions and restricted interest, $10,000 in capital grants, contributions and restricted interest, $5,490 in unrestricted interest and $84,694 in other general revenues.
Expenses for District operations for the year ended June 30, 2014, totaled $14,758,039 a 1.52% increase from the prior year. Expenses included $5,243,243 for regular instruction, $1,660,370 for other instruction and $1,557,229 for special instruction.
A copy of the audit report is available for review in the District Secretary’s Office, in the Office of Auditor of State, and on the Auditor of State’s web site at http://auditor.iowa.gov/reports/index.htm.