Report (pdf) - School Management Services

would significantly benefit through the merger of the organizations’ critical
student masses.
Finances
The School District of Bruce has been a fiscally well-managed educational
organization. The school district’s 2007-08 General Fund balance
amounted to a healthy 22.6% of the school district’s General Fund
expenditure budget. General Fund budgets were balanced in each of the
most recent, seven, consecutive years. The General Fund balance,
however, deteriorated by -25.7% over the past six years—reflecting student
enrollment decline and stagnating General Fund revenue—which trailed
General Fund expenditure growth.
Ladysmith-Hawkins School District has been a fiscally well-managed
educational organization. Its 2007-08 General Fund balance amounted to
an acceptable (but low) 11.2% of the school district’s General Fund
expenditure budget. General Fund budgets were balanced in each of the
most recent, seven, consecutive years. General Fund revenues decreased
by -2.4% over the past six years, while General Fund expenditures
dropped, simultaneously, -4.2%, reflecting both student enrollment decline
and concomitant reduction to the General Fund budget.
Weyerhaeuser Area School District is a financially struggling educational
organization, due largely to the school district’s diminutive critical student
mass (size) and declining enrollment. In 2007-08, the school district’s
General Fund balance amounted to a commendable 13.5% of the
organization’s General Fund expenditure budget. In the main, the school
district has operated balanced General Fund budgets over the course of
© Roger Worner Associates, Inc.
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