Hunt & Associates, P.C., Certified Public Accountants, today released an audit report on Colo-NESCO Community School District in Colo.
The districts revenues totaled $ 7,907,395 for the year ended June 30, 2017, a 1.7 percent decrease from the prior year. Revenues included $3,974,890 in local tax; charges for services of $525,997; operating grants, contributions and restricted interest of $1,101,744; capital grants, contributions and restricted interest of $12,791; unrestricted interest of $12,293 and other general revenues of $2,279,680.
Expenses for district operations for the year ended June 30, 2017, totaled $7,496,812, a 5.5 percent increase from the prior year. Expenses included $4,186,976 for instructional services, $638,583 for operation and maintenance of plant services and $621,757 for administration services.
A copy of the audit report is available for review in the district secretary’s office, in the office of the auditor of state and on the state auditor’s website at https://auditor.iowa.gov/audit-reports.