Sheldon School Board Hears Audit Report

Date posted - March 13, 2012

The Sheldon Community School District received an “A-minus” from the State Auditor’s Office for the previous year, it was reported at Monday night’s School Board Meeting.

A representative from the State Auditor’s Office, which the School Board uses to conduct the annual audit, presented the audit’s findings to the Board at the Monday meeting.  The audit found that the District’s revenues totaled $12,191,827 for the year ending June 30, 2011, which was an increase of 4.5% over the previous year.  Revenues included $3.7 million in local tax, charges for service of just under $900,000, operating grants, contributions and restricted interest of a little more than $2.2 million, capital grants, contributions and restricted interest of $25,000, instructional support surtax of $438,099, statewide sales, services and use tax of $685,541, unrestricted state grants and contributions of $4.1 million, unrestricted investment earnings of $9,867, insurance recoveries of $30,379 and other general revenues of $85,679.

The District’s operating expenses totaled $11,655,637, an increase of 2.4% over the previous year.

A copy of the audit report may be viewed online at http://auditor.iowa.gov/reports/1130-5949-B00F.pdf

We’ll have more School Board news on upcoming newscasts.

Print Friendly

Leave a Reply

Sheldon Broadcasting Company, Inc. appreciates your comments that abide by the following guidelines:
1. Avoid profanities or foul language.
2. Disagree, but avoid ad hominem (personal) attacks.
3. Threats are treated seriously and will be reported to law enforcement.
4. Spam and advertising are not permitted in the comments area.
These guidelines are very general and cannot cover every possible situation. Please don't assume that Sheldon Broadcasting Company, Inc. or its advertisers agrees with or otherwise endorses any particular comment. We reserve the right to filter or delete comments or to deny posting privileges entirely at our discretion. Please note that comments are reviewed by the selected staff and may not be posted immediately. If you feel your comment was filtered inappropriately, please email walt@kiwaradio.com.


Back to:Sheldon School Board Hears Audit Report