Decorah School District continues to improve financial picture

The Decorah Community School Board approved the Certified Annual Report on Monday night. According to Superintendent Mike Haluska district finances have improved considerably over the previous year. Noting that this FY'13 budget was based on a year when enrollment was down, the increased enrollment from last year will generate much more money.  Although the unreserved, undesignated general fund balance dropped by nearly $100,000, a critical benchmark in school financial well being, the "solvency ratio," has been constantly increasing over the past five years – this year from 14.51 percent to 17.37 percent.

Haluska said this favorable solvency ratio would bode well for the district when it comes to financing future district projects, such as addressing the preK-2 classroom situation.