Due to the forecasted extreme cold winter weather, ALL Iowa Western Community College locations will be closed and classes are canceled for Friday, January 23, 2026. Employees do not need to report.Denman and Company, LLP has released an audit report on Iowa Western Community College in Council Bluffs, Iowa.
The College’s primary government operating revenues totaled $43,442,421 for the year ended June 30, 2022, including $17,521,251 from tuition and fees net of scholarships, $13,309,194 from the Federal government and $9,651,088 from Auxiliary enterprises net of scholarships.
Operating expenses for the year totaled $71,884,762 and included $33,550,045 for salaries and benefits, $12,893,232 for services and $3,256,955 for materials and supplies.
The college reported an operating loss of $28,442,341. In general, a public college, such as Iowa Western Community College, will report an operating loss since the financial reporting model classifies state appropriations and property tax as nonoperating revenues. Non-operating revenues totaled $42,373,873, including $17,050,645 from the state, $16,608,095 from property taxes, $7,110,660 from Pell grants, and $121,621 from interest income. Non-operating expenses totaled $2,617,148, consisting mostly of interest on indebtedness. The College’s net assets increased $13,803,476 during the year.
A copy of the audit is available for review in the Office of Auditor of State and the Board Secretary’s office.