Eastern Iowa Community Colleges (EICC) continues to demonstrate strong financial stewardship, according to its independent audit for the fiscal year ending June 30, 2025.
The audit, conducted by BerganKDV, shows the college's net position increased by $15.9 million, or 9.7%, over the previous fiscal year. Operating revenues totaled $34.2 million, up from $28.8 million in fiscal year 2024, driven primarily by increased enrollment and growth in Iowa's New Jobs Training Program.
Operating expenses increased approximately 9% compared to the previous year, reflecting continued investment in institutional operations and workforce training initiatives.
The audit included one finding related to the financial reporting of a complex transaction that occurred in 2017. During the current audit, college leadership identified the issue, updated the financial statements to comply with governmental accounting standards, and implemented the auditor's recommendations to strengthen financial reporting processes moving forward.
A copy of the audit report is available for public review through the Iowa Auditor of State's Office.