Effective Use of Resources

Effective Use of Resources

Effective Use of Resources – We believe that using our resources responsibly and strategically will result in success for our students. As a publicly-funded organization, we must be efficient and effective in our use of public resources to ensure and maintain trust.

 

Here are some of the initiatives for 2022-23 around Effective Use of Resources:

Meritorious Budget Award
  • Completed the first six-year cycle of the lifecycle painting program. Every interior wall across the district has been re-painted over the past six years. The cycle starts over for 2023-24.
  • Upgraded the district standards for middle school tennis courts to include pickle ball lines for community/school use. 
  • Upgraded the Bus and Emergency Radio systems to ensure safe and effective communication. 
  • Continued to engage with FloAnalytics to enhance enrollment forecasting and provide innovative mapping tools.
  • Implemented a new “animal” code on our buses to help younger students ensure they are on the right bus before/after school.  
  • Continued to provide the Free & Reduced Lunch application online to be more convenient for families.
  • Received the Meritorious Budget Award for the sixth-straight year in 2022-23.
  • Implemented Bonfire software for contract management and Request for Proposals (RFPs). 

Financial Information:

In 2022-23 the District continued its process to align all budget additions with strategic goals. LWSD continues to improve fiscal reporting and accountability. 

The LWSD Budget has received the Meritorious Budget Award (MBA) from The Association of School Business Officials International for the past six years. This award recognizes excellence in school budget presentation. The MBA requires school districts to meet stringent criteria to promote budget alignment to district goals, providing additional information and transparency to the community about how taxpayer dollars are spent, and providing a reader-friendly budget document. 

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Revenue

First page of the PDF file: Revenues2022-23

Expenditures

First page of the PDF file: Expenditures2022-23

The District continues to have the highest credit rating assigned to any school district in the state (shared only by two others). We continue to meet or exceed our minimum 5% fund balance requirement. Fiscal responsibility is of utmost importance to the district.

All Funds 2022-23

Beginning Fund Balance

Revenues

Expenditures

Ending Fund Balance

General

$87,431,566 $512,214,633 $531,686,687 $67,959,512

ASB

$2,003,981 $4,837,592 $4,669,797 $2,171,776

Debt Service

$35,051,270

$73,123,148

$77,637,745

$30,536,673

Capital

$40,377,652

$71,127,842

$58,114,716

$53,390,778

Transportation Vehicle

$3,140,720

$1,345,659

$1,283,635

$3,202,744