March 28, 2024

C-M audit report available

Nolte, Cornman & Johnson P.C. has released an audit report on the Colfax-Mingo Community School District.

The District’s revenues, totaled $10,319,692 for the year ended June 30, 2018, a 1.02 percent increase from the prior year. Revenues included local tax of $3,654,201, statewide sales, services and use tax of $672,807, charges for service of $430,730, operating grants, contributions and restricted interest of $1,013,846, unrestricted state grants of $4,503,357, unrestricted interest of $24,344 and other general revenues of $20,407.

Expenses for District operations totaled $9,202,687, a 2.67 percent increase from the prior year. Expenses included $3,205,096 for regular instruction, $1,737,120 for other instruction and $1,122,870 for 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 auditor.iowa.gov/audit-reports.