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Report (pdf) - School Management Services

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exceeded the fund balance of the <strong>School</strong> District of Bruce ($1,338/student)<br />

by +$2,389/student or +178.6%.<br />

The Project Consultants concluded that the <strong>School</strong> District of Bruce’s fund<br />

balance increased substantially from 1996-97 through 2006-07, though the<br />

fund balance is substantially below that of the average of all State of<br />

Wisconsin school districts. The Project Consultants further noted that the<br />

<strong>School</strong> District of Bruce’s fund balance declined by no small margin over<br />

the five year span of time from 2001-02 through 2006-07. Nonetheless, the<br />

Project Consultants commend the <strong>School</strong> District of Bruce’s leadership for<br />

having strengthened the organization’s fiscal standing.<br />

TABLE 8-B<br />

SCHOOL DISTRICT OF BRUCE<br />

FUND BALANCE<br />

1996-97 / 2006-07<br />

1996-97 2001-02 2006-07 Change<br />

%<br />

Change<br />

Bruce $472 $1,725 $1,338 +$866 +183.5%<br />

K-12 Average $2,651 $3,177 $3,727 +1,076 +40.6%<br />

Table 8-LH details that Ladysmith-Hawkins <strong>School</strong> District’s 1996-97 fund<br />

balance was $874/student, a figure that was -$1,777/student or -67.0% less<br />

than the fund balance for the average of all State of Wisconsin school<br />

districts ($2,651/student).<br />

Over the nine year span of time from 1996-97 (base year) to 2006-07,<br />

Ladysmith-Hawkins <strong>School</strong> District’s fund balance increased from<br />

© Roger Worner Associates, Inc.<br />

66

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