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 2021-22 around Effective Use of Resources:

• Voters approved step one of the "Building Excellence" program – a three-step plan to provide permanent classrooms for students and address aging facilities and reduce reliance on portables through 2034.
• Continued to engage with FloAnalytics to enhance enrollment forecasting and provide innovative mapping tools.
• Implemented an upgrade to radio frequency system for Transportation and schools to ensure accurate communication.
• Began a technology project to digitally archive records.
• Moved the Free & Reduced Lunch application online to provide more convenience to families.
• Received the Meritorious Budget Award for the fifth-straight year in 2021-22.

Financial Information:

In 2021-22 the District continued its process to align resources 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 five 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.

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 2021-22	Beginning Fund Balance	Revenues	Expenditures	Ending Fund Balance
General	$106,963,927	$484,399,749	$503,932,109	$87,431,566
ASB	$1,949,508	$2,805,492	$2,751,018	$2,003,981
Debt Service	$32,244,597	$77,272,769	$74,466,095	$35,051,270
Capital	$32,906,713	$89,538,921	$82,067,981	$40,377,652
Transportation Vehicle	$3,085,171	$1,211,367	$1,155,819	$3,140,720