Nolte, Cornman & Johnson P .C. 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 State of Iowa Auditor’s website at https://auditor.iowa.gov/audit-reports.
Among the financial highlights taken from the audit, the District’s revenues totaled $19,539,116 for the year ended June 30, 2024, a 1.21% increase from the prior year. Expenses for District operations for the year ended June 30, 2024 totaled $17,244,343, a 0.01 % decrease from the prior year.
Revenues from unrestricted state grants increased $931,837 which was the primary reason for the increase in total revenues. Support services program expenses decreased $438,136 which was the primary reason for the decrease in total expenses.