Nolte, Cornman & Johnson P.C. of Newton recently released an audit report on the Allamakee Community School District in Waukon. A copy of the audit report is available for review on the Auditor of State’s web site at https://auditor.iowa.gov/audit-reports.
The District’s revenues totaled $17,363,803 for the year ended June 30, 2021, a 3.78% increase from the prior year. Expenses for District operations for the year ended June 30, 2021 totaled $16,401,681, a 2.57% increase from the prior year.
The increase in total revenues was due in part to increases in revenues from operating grants, contributions and restricted interest compared to the prior year. The increase in total expenses occurred primarily in the support services function.