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Solon Community School District audit released for 2011-12

SOLON– Nolte, Cornman & Johnson P.C. today released an audit report on the Solon Community School District (SCSD).
The district’s revenues totaled $16,439,050 for the year ended June 30, 2012, a 2.13 percent increase from the prior year. Revenues included unrestricted state grants of $5,013,376, local tax of $7,144,344, operating grants, contributions, and restricted interest of $2,080,417, charges for service of $1,886,367, nonspecific program federal grants of $237,307, unrestricted interest of $21,595 and other general revenues of $55,644.
Expenses for district operations totaled $13,477,046 a 9.79 percent decrease from the prior year. Expenses included $5,733,309 for regular instruction, $1,247,613 for other instruction and $1,250,049 for administration.
A copy of the audit report is available for review in the district secretary’s office, the Office of Auditor of State, and on the Auditor of State’s web site at http://auditor.iowa.gov/reports/index.html.