North Winneshiek School Board approves 2013 fiscal year audit of district finances

The North Winneshiek School Board has approved a financial audit of the school district's 2013 fiscal year finances.
 
The district's ending general fund balance was $19,364.  The district's solvency ratio for FY13 was 1.0 percent, which is categorized as an acceptable amount by the Iowa Association of School Boards.  The general fund spending authority balance currently is $431,829.  The district's spending authority ratio was 12 percent, which is considered in the good category by the Iowa Association of School Boards.
 
The North Winn school board also approved the application for around $51,000 in funds for the 2014-2015 at-risk/drop out prevention program.  The at-risk/drop out prevention program helps students who are having trouble with academics and/or issues which hinder their school success.

The at-risk/drop out prevention funding comes from local property taxes and a small portion of state aid.  The School Budget Review Committee requests are for spending authority and not cash; therefore, it will not raise district property taxes this year.  The at-risk/drop out prevention funds will be collected and spent in FY15.