Audit report released on Eastern Allamakee Community School District for year ended June 30, 2021

Kay L. Chapman, CPA PC of Muscatine recently released an audit report on the Eastern Allamakee Community School District in Lansing. 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 https://auditor.iowa.gov/audit-reports.

The District’s revenues totaled $6,001,009 for the year ended June 30, 2021, a seven-percent increase from the prior year. Expenses for District operations totaled $5,531,906, a six-percent increase from the prior year. Program revenues increased. The increase in expenses is primarily related to instruction expenses.

Chapman reported five findings related to the receipt and expenditure of taxpayer funds. These are further detailed in the report. These findings address issues such as a lack of segregation of duties, signature stamp, supplementary weighting, deficit balances and images of checks. Chapman provided the District with recommendations to address these findings.

The Eastern Allamakee Community School District’s Board of Education has a fiduciary responsibility to provide guidance over the District’s operations and stewardship over the District’s finances. The board is responsible for the governance and leadership of the District.