March 31, 2023

Audit on Baxter School

Nolte, Cornman & Johnson P.C. released an audit report on the Baxter Community School District.


The District’s revenues totaled $6,564, 186 for the year ended June 30, 2021, a 12.85 percent increase from the prior year. Expenses for District operations for the year ended June 30, 2021 totaled $6,690,145, a 9.04 percent increase from the prior year. The increase in revenues is due primarily to an increase in operating grants, contributions and restricted interest. The increase in expenses is due primarily due to an increase in instruction expenditures.


Nolte, Cornman, & Johnson P.C. reported two findings found on pages 60-62 of this report. The findings address issues such as a lack of segregation of duties and certified budget. Nolte, Cornman & Johnson P.C. provided the District with recommendations to address each of the findings.

One of the two findings discussed above are repeated from the prior year. The Community School District’s Board of Education has a fiduciary responsibility to provide oversight of the Community School District’s operations and financial transactions. Oversight is typically defined as the “watchful and responsible care” a governing body exercises in its fiduciary capacity.

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.