Report (pdf) - School Management Services

2001-02 through 2006-07, the organization’s reduction in expenditures—
over the same span of time—easily offset revenue losses.
The Project Consultants determined that Ladysmith-Hawkins School
District has been a prudently-managed educational organization. The
School Board, District Administrator, and business administrative staff of
the school district have managed the enterprise effectively during a time
period when the organization has been experiencing variable student
enrollment (decline and increase).
Table 5-W reveals that Weyerhaeuser Area School District’s General Fund
revenue decreased from $2,410,082 in 2001-02 to $2,259,342 in 2007-08,
a decrease of -$150,740 or -6.3%. Within the same six year span of time,
the school district’s General Fund expenditures increased from $2,142,379
in 2001-02 to $2,220,972 in 2007-08, an increase of +$78,593 or +3.7%.
Between 2001-02 (base year) and 2007-08, the school district’s General
Fund balance decreased from $919,436 to $299,212, a decline of
-$620,324 or -67.5%.
The Project Consultants observed that Weyerhaeuser Area School District
operated balanced General Fund budgets in five of the seven years from
2001-02 through 2007-08. In the three most recent years reported in Table
5-W, Weyerhaeuser Area School District operated imbalanced General
Fund budgets in 2005-06 and 2006-07, while the 2007-08 General Fund
budget was balanced. Over the six year span of time from 2001-02 (base
year), the school district’s General Fund revenue declined an average of
-1.5%/year.
© Roger Worner Associates, Inc.
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