Nolte, Cornman & Johnson P.C. released an audit report July 8 on Collins-Maxwell Community School District .
The District’s revenues totaled $6,819,472 for the year ended June 30, 2018, a 3.62 percent increase from the prior year. Revenues included property tax of $2,232,125, income surtax of $18,809, statewide sales, services and use tax of$454,486, charges for service of$572,621, operating grants, contributions and restricted interest of$490,776, unrestricted state grants of$3,007,750, unrestricted interest of$1 l,957 and other general revenues of$30,948.
Expenses for District operations for the year ended June 30, 2018 totaled $7,236,445, a 14.20 percent increase from the prior year. Expenses included $3,268,620 in regular instruction, $953,890 in other instruction and $941,922 in special instruction.
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 https://auditor.iowa.gov/audit-reports.