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Report (pdf) - School Management Services

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$874/student (1996-97) to $1,081/student (2006-07), a growth of<br />

+$207/student or +23.7%. Over the same span of time, the fund balance<br />

for the average of all State of Wisconsin school districts increased from<br />

$2,651/student (1996-97) to $3,727/student (2006-07), a gain of<br />

+$1,076/student or +40.6%.<br />

At the conclusion of the 2006-07 school year, the fund balance in the<br />

average of all State of Wisconsin school districts ($3,727/student)<br />

exceeded the fund balance of Ladysmith-Hawkins <strong>School</strong> District<br />

($1,081/student) by +$2,646/student or +244.8%.<br />

TABLE 8-LH<br />

LADYSMITH-HAWKINS SCHOOL DISTRICT<br />

FUND BALANCE<br />

1996-97 / 2006-07<br />

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

%<br />

Change<br />

Ladysmith-Hawkins $874 $701 $1,081 +$207 +23.7%<br />

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

The Project Consultants concluded that, while Ladysmith-Hawkins <strong>School</strong><br />

District’s fund balance increased modestly from 1996-97 through 2006-07,<br />

the average of all State of Wisconsin school districts’ fund balance<br />

increased at a significantly greater rate. Indeed, the Project Consultants<br />

observed that the fund balance disparity between Ladysmith-Hawkins<br />

<strong>School</strong> District and the average of all State of Wisconsin school districts<br />

had more than doubled. The Project Consultants compliment the<br />

leadership of Ladysmith-Hawkins <strong>School</strong> District on preserving (and<br />

© Roger Worner Associates, Inc.<br />

67

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