Where can I read the full audit report for South Tama County Community School District?

The report is available in the District Secretary's Office and on the Auditor of State website at https://auditor.iowa.gov/audit-reports.

What were the main financial changes reported for 2025?

Revenues decreased 4.47% to $25,656,661 and expenses decreased 6.48% to $25,190,815 versus prior year.

What kinds of problems did the audit identify?

Six findings including material misstatements not detected, exceeding the certified budget, reporting errors, and an overstated supplementary weighting.

Who is responsible for fixing the audit findings?

The District's Board of Education is responsible for governance and implementing the auditor's recommendations.

Public Notice — Tama

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Affects:General PublicGovernment Agencies

The independent audit of South Tama County Community School District for year ended June 30, 2025 found revenues of $25.66M and expenses of $25.19M, plus six findings about financial reporting, budget exceedance, and governance weaknesses requiring corrective action.

Key Takeaways

Revenues fell 4.47% to $25,656,661 for year ended June 30, 2025
Expenses fell 6.48% to $25,190,815
Six audit findings including budget exceedance and reporting misstatements
Report and recommendations available at Auditor of State website

Published: May 15, 2026 · 6 days ago
Category: Other
City: Tama

What to do next

1
Review the full audit report

Obtain the report from the District Secretary's Office or read it at https://auditor.iowa.gov/audit-reports to see specific findings and recommendations.

2

Contact the District

Ask the District Secretary or Board of Education about planned corrective actions and timelines for addressing the six findings.

3

Monitor Board actions

Attend upcoming school board meetings to track adoption of corrective measures and budget adjustments responding to the audit.

Frequently asked questions

Where can I read the full audit report for South Tama County Community School District?: The report is available in the District Secretary's Office and on the Auditor of State website at https://auditor.iowa.gov/audit-reports.
What were the main financial changes reported for 2025?: Revenues decreased 4.47% to $25,656,661 and expenses decreased 6.48% to $25,190,815 versus prior year.
What kinds of problems did the audit identify?: Six findings including material misstatements not detected, exceeding the certified budget, reporting errors, and an overstated supplementary weighting.
Who is responsible for fixing the audit findings?: The District's Board of Education is responsible for governance and implementing the auditor's recommendations.

The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.

Legal terms in this notice

certified budget: The official budget approved by the school board and filed with state authorities for the fiscal year.
Certified Annual Report: A formal financial report submitted by the district summarizing revenues, expenditures, and fund balances.
deficit of net position: When a government's liabilities exceed its assets, showing a negative overall financial position.
supplementary weighting: Additional pupil weighting used to calculate state aid for certain programs or student categories.

Full Notice Text

NEWS RELEASEFOR RELEASE:Kay L. Chapman, CPA PA of Muscatine, Iowa today released an audit report on the South Tama County Community School District in Tama, Iowa.FINANCIAL HIGHLIGHTS:The District's revenues totaled $25,656,661 for the year ended June 30, 2025, a decrease of 4.47 percent from the prior year. Expenses for District operations totaled $25,190,815, a 6.48 percent decrease from the prior year. The decrease in revenues was primarily due to reductions in operating grants and contributions. The decrease in expenditures was mostly due to reduction in instruction and facilities expenditures.AUDIT FINDINGS:Chapman reported six findings related to the receipt and expenditure of taxpayer funds. They are found on pages 73 through 77 of this report. The findings address issues such as material misstatements not detected, exceeding the certified budget, board minutes not being available to the publisher in a timely matter and roll call not being taken for closed sessions, misstatements on the Certified Annual Report, supplementary weighting was overstated, and deficit of net position. Chapman provided the District with recommendations to address these findings.BOARD RESPONSIBILITIES: The District's Board of Education has a fiduciary responsibility to provide guidance over the District's operations and stewardship over the District's finances. The Board is responsible for the governance and leadership of the District.COPY OF REPORT:A copy of the audit report is available for review in the District Secretary's Office, in the Office of Auditor of State and on the Auditor of State's web site at https://auditor.iowa.gov/audit-reports.Published in the Tama-Toledo News Chronicle May 15, 2026 L80035