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Slide 1: 2009 District Financial Dashboard Mr. David J. Root Superintendent Williamsville CUSD #15
Slide 2: Informational Talking Points    District Financial History Implementing a Financial Recovery Plan beginning in July ‘07 State Board Financial Rating Scale  Based on Operating Funds (Ed, OM, Trans, WC)     Financial Profile Early Tax Money Results of Operations 2008-2009 Future Financial Concerns Due to State Funding
Slide 3: Financial Rating Scale    Based on Operating Funds (Education, Building, Transportation and Working Cash) balance as of June 30th of each fiscal year since the State established a Rating system. Still important to look at total dollars in all funds (Bonds, SC & HLS), even though they are restricted funds
Slide 4: State Board Financial Rating Scale     Recognition Review Warning Watch 4.00 – 3.54 3.53 – 3.08 3.07 – 2.62 2.61 – 1.00
Slide 5: FINANCIAL HISTORY Annual Financial Reports Year 2002 2003 2004 2005 2006 2007 2008 2009 Score Rating 2.35 WATCH 1.65 WATCH 2.80 WARNING 2.80 WARNING 3.25 REVIEW 2.90 WARNING 2.90 WARNING 3.80 RECOGNITION True Balance $ 428,466 $ (194,236) $ 11,244 $ 20,042 $ (512,930) $ (820,762) $ (316,369) $ 1,070,632 W/ Early Tax N/A N/A $ 766,786 $ 806,493 $ 1,421,016 $ 1,295,348 $ 1,936,378 $ 3,373,753 ** Operating Funds = Education, Building, Transportation, Working Cash
Slide 6: Total Financial Improvement 20082009 School Year  In all funds combined, the district ended the fiscal year with revenue over expenditure savings of $1,459,271 District is making financial progress, but this savings is just getting us to where we do not have to borrow money to operate. State is projecting “Catastrophic” school funding problems, ultimately costing the district millions in the coming years. We have to stay the course = Fiscal Responsibility   
Slide 7: QUESTIONS For Further Information, please call: Dave Root, Superintendent (217) 566-2014