Audit Report on the Northeast Iowa Schools Insurance Trust for the year ended June 30, 2016.

Auditor of State Mary Mosiman today released an audit report on the Northeast Iowa Schools Insurance Trust for the year ended June 30, 2016. The Trust had total receipts of $11,248,703 for the year ended June 30, 2016, a less than 1% increase over the prior year. The receipts included $11,209,728 of premiums from member school districts and retirees. Disbursements for the year ended June 30, 2016 totaled $10,721,968 a 2.6% increase over the prior year, and included $1,821,544 for claims, $8,587,096 for premiums and $165,645 for administrative fees. A copy of the audit report is available for review in the Office of Auditor of State and on the Auditor of State’s web site at https://auditor.iowa.gov/reports/1614-2342-B00