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Unlike most state departments and agencies, the ICN operates with fee-based revenues rather than General Fund appropriations.
ICN runs the state-wide Network, which often exceeds 70 percent utilization, with 81 employees and has not received a general fund appropriation since Fiscal Year 2004 for the operation of the Network. ICN’s financial statements are shown using Generally Accepted Accounting Principles (GAAP). As a government entity in a fee-for-service environment, ICN uses accrual accounting with a measurement focus emphasizing the matching of revenues with costs of services, including depreciation of assets such as network equipment and fiber. To more accurately compare ICN’s financial position with other State of Iowa agencies, a Budget to Actual report is prepared to show the cash to be received and spent during the year. To more accurately compare ICN’s financial position with other State of Iowa agencies, a Budget to Actual report is prepared to show the cash to be received and spent during the year.
The Operating & Capital Asset Revenues graph illustrates the operating revenues and capital asset appropriations that ICN has received during the past five (5) fiscal years.
The Expenses by Vendor Type graph demonstrates the monies that go from the State’s Network, that are received as user fees, and then distributed to private sector companies.
ICN relies on partnerships that have been created with various private sector companies to deliver services to authorized users.
In many cases, the ICN is the broker that enables government, educational, and medical users to receive volume advantages that they would not receive otherwise.