Iowa Central audit released

An audit report on Iowa Central Community College has been released by Schnurr & Co. LLP, of Fort Dodge.

The audit report shows that the college’s primary operating revenues totaled $39,879,198 for the fiscal year ended June 30, 2018. That’s an 8.35 percent increase from the prior year, according to the accountants.

The revenues included $16,214,424 from auxiliary enterprises, $15,737,746 from tuition and fees, and $1,744,724 from the federal government.

Operating expenses for the year totaled $67,717,453, according to the audit report. That’s a 2.65 percent increase.

The operating expenses included $31,971,958 for salaries and benefits, $19,197,736 for services and $5,066,783 for materials and supplies.

A copy of the audit report is available in the office of the board secretary at Iowa Central Community College, in the office of the Auditor of State in Des Moines and at http://auditor.iowa.gov/reports/index.html.

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