2011-12 District Revenue, Expenses Better than Projections

Auditors reported that our district’s revenue and expenses came in slightly better than projected last year. Westonka has an unassigned fund balance of $3,187,708 or 15% of general fund expenditures. This fund balance will help the district deal with the state shift to a 64/36 payment schedule, reduce our borrowing costs and give our district greater financial stability.

These results are credited to the intentional work of many, including our community’s generous support of our local levies and the hard work and hard decisions made to prepare for the financial uncertainty presented by the state.

The 2011-2012 Audit Report is now available online: http://westonka.k12.mn.us/pages.phtml?pageid=221920&sessionid=41a3328c668b4bcf38d8f59dce13dbbd

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