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District's financial footing improving

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District's financial footing improving
Wadena Minnesota 314 S. Jefferson 56482

Deer hunting stories did not deter the Wadena-Deer Creek school board from carrying out November business Monday night at the District 2155 offices, including hearing a favorable audit report.

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Coming off a busy period which saw Wadena-Deer Creek students perform "The Hunchback of Notre Dame," play in the Class AA state volleyball tournament and put on two Veteran's Day programs, the board heard the annual audit report by Heather Johnson of Carlson Highland and Company. Carlson Highland found that District 2155 has made a significant recovery from the $2,000 which was left in the general fund's unreserved fund balance in 2007. The unreserved fund was $253,000 in 2008 and $388,000 in 2009.

The total cash and investments of all funds rose from $2,191,000 to $2,641,000.

The district's 2009 general fund revenues stood at $9,794,000 while the expenditures were $9,664,000. It was the second straight year in which revenues exceeded expenditures.

District 2155 voters recently approved a 10-year levy of $800 per student. The levy will entitle the district to state aid which pays part of that amount. Funds from the new levy will begin to impact on district projects in 12-18 months.

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