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South Tama 2018 audit report shows small spending hike

April 25, 2019
By John Speer - Ed (jspeer@tamatoledonews.com) , Toledo Chronicle, Tama News-Herald

Costs of operation of the South Tama School District during fiscal year 2017-18 increased 1.28 percent over the previous 2016-17 year in the audit report released by Nolte, Cornman and Johnson, PC?CPAs, of Newton, last week. Both years were prepared by the same firm.

Revenues were up 2.55 percent over 2016-17 to $22,321,373.

The new report shows collections from property taxes at $5,650,211 compared to $5,555,208 in 2016-17.

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Other 2017-18 revenues sources with the prior year in paraenthesis include: income surtax $518,846 ($522,410); statewide sales, services and use tax $1,457,137 ($1,477,549); charges for services $971,393 ($$845,284); operating grants, contributions and restricted interst $2,382,824 ( $2,389,014); unrestricted state grants $10,982,508 ($10,668,067); nonspecfic program federal grants $245,772 ($175,992); unrestricted interest earnings $38,239 (S51,168); and other general revenues $74,443 ($82,032).

On the expense side, the costs reported were, with 2016-17 in parenthesis: $6,875,141 for regular instruction ($6,840,858); specialinstruction $2,272,450 ($3,067,359).

The audit lists a total of $2,272,450 for administration support services for the 2017-18 period. The 2016-17 report categorizes other insturction at a cost totaling $2,417,857.

 
 
 

 

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