Nolte, Cornman & Johnson P.C. released an audit report on the South Tama County Community School District.
The District's revenues totaled $18,101,976 for the year ended June 30, 2012, an increase of 3.38 percent from the prior year. Revenues included local tax of $4,522,704, statewide sales, services and use tax of $1,143,755, charges for service of $920,313, operating grants, contributions and restricted interest of $2,188,279, capital grants, contributions and restricted interest of $22,888, unrestricted state grants of $8,839,430, nonspecific federal grants of $320,183, unrestricted interest of $16,471 and other revenues of $127,953.
Expenses for District operationstotaled $18,230,118, a 2.48 percent increase from the prior year. Expenses included $6,307,206 in regular instruction, $2,602,828 in special instruction, and $1,949,849 in administration services.
A copy of the audit report is available for review in the District Secretary's office, the office of the Auditor of State and on the Auditor of State's web site at: