Nolte, Coreman & Johnson P.C. today released an audit report on the North Tama County Community School District in Traer, Iowa.
The District's revenue totaled $5,745,820 for the year ended June 30, 2008, a 3.19 percent increase from the prior year. Revenues included $2,190,617.00 in local tax, $2,121,281.00 in unrestricted state grants, charges for service of $656,089.00, operating grants, contributions and restricted interest of $716,111.00, capital grants, contributions and restricted interest of $22,741.00, unrestricted interest of $16,583.00, and other general revenue of $22,573.00.
Expenses for District operations totaled $5,349,361.00 a 2.23 percent increase from the prior year. Expenses included $2,078,559.00 for regular instruction, $609,427.00 for special instruction and $579,107.00 for administration services.
A copy of the audit report is available for review in the office of the Auditor of State and the District Secretary's office, and on the Auditor of State's web site at: