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Gladbrook-Reinbeck Community School District Audit Report Released

Hunt & Associates, P.C., Certified Public Accountants, released an audit report on Gladbrook Reinbeck Community School District in Reinbeck, Iowa. The District’s revenues totaled $7,742,509 for the year ended June 30, 2015, a .01 percent decrease from the prior year. Revenues included $3,603,336 in local tax, charges for services of 600,221, operating grants, contributions and restricted interest of 1,000,081, capital grants, contributions and restricted interest of $4,431, unrestricted interest of $17,761 and other general revenues of $2,516,679. Expenses for District operations totaled $7,825,218, a 1.5 percent increase from the prior year. Expenses included $4,807,884 for instructional services, $626,171 for administration services, and $619,577 for operation and maintenance of plant 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 Auditor of State’s web site at http://auditor.iowa.gov/reports/index.html.