Report (pdf) - School Management Services
Report (pdf) - School Management Services
Report (pdf) - School Management Services
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
The Project Consultants observed that Ladysmith-Hawkins <strong>School</strong> District<br />
operated balanced General Fund budgets in each of six consecutive years<br />
from 2001-02 to 2006-07. Revenue decline over the five year span of time<br />
(using the 2001-02 revenue figure as a base) averaged -.5%/year.<br />
At the conclusion of the 2006-07 school year, Ladysmith-Hawkins <strong>School</strong><br />
District’s General Fund balance of $1,072,252 amounted to a (low)<br />
acceptable 11.2% of the school district’s General Fund expenditure budget<br />
of $9,580,635.<br />
TABLE 5-LH<br />
LADYSMITH-HAWKINS SCHOOL DISTRICT<br />
GENERAL FUND REVENUES, EXPENDITURES, FUND BALANCES<br />
2001-02 / 2006-07<br />
Fiscal Year Revenue Expenditure Fund Balance<br />
2001-02 $11,023,054 $9,997,193 $619,375<br />
2002-03 $11,431,686 $10,287,386 $717,617<br />
2003-04 $11,414,789 $9,974,601 $1,159,967<br />
2004-05 $11,187,518 $10,079,885 $1,267,825<br />
2005-06 $10,983,910 $10,195,219 $951,863<br />
2006-07 10,763,393 $9,580,635 $1,072,252<br />
Change -$259,661 -$416,558 +$452,877<br />
% Change -2.4% -4.2% +73.1%<br />
The Project Consultants observed that Ladysmith-Hawkins <strong>School</strong> District’s<br />
five year loss in revenue (-2.4%) was less than the organization’s five year<br />
loss in expenditures (-4.2%) by +1.8%. Thus, while the school district<br />
experienced a net decline in revenue over the five year span of time from<br />
© Roger Worner Associates, Inc.<br />
48
Change language