Southwestern Community College’s report card is showing all A’s this year.
From West Des Moines, Denman and Company, LLP’s Dave Ellis and Joe Sparks presented the college’s 2024 audit report Tuesday to the SWCC Board of Trustees. Similar to last year’s report, the school had no reported weaknesses disclosed and qualified as a low-risk auditee.
SWCC’s net position increased again. Last year there was an increase of 6% or $1.5 million. The increase this year was slightly smaller, with an increase of 4.7% or $1.2 million. This brings the college to a total of about $27 million in their net position.
Additionally, SWCC had no noncompliance disclosed as a result of audit procedures related to credit and contact hours.
Ellis said the company did not encounter any difficulties in performing the audit. Denman and Company has performed SWCC’s audits since 2015.
Full audits of public entities can be found on the state auditor’s website.
In other SWCC news…
The board approved spending up to $250,000 for the purchase of a new shuttle bus for the college. Three shuttle buses are used by the college, one 10-year-old bus and two 9-year-old buses. Rather than trading in one of the old buses, it will be transferred to the new Transportation Training Center to assist in students obtaining their Class B commercial driver’s license.
Work on the Transportation Training Center in Creston and the ORBIT Center in Osceola are nearing completion, though no official date has been announced.