North Winneshiek School District's finances remain healthy

The North Winneshiek School Board says the school district's financial status remains solid.

For the 2014-2015 school year, the district's ending general fund balance was $392,478 and its solvency ratio was 10.44 percent--which is categorized as a "good" amount by the Iowa Association of School Boards.  The general fund spending authority balance currently is $140,378.  The district's spending authority ratio was 4 percent, which is considered in the "acceptable" category by the Iowa Association of School Boards.

North Winn School Board members plan on renewing the 1-way whole grade sharing agreement with the Decorah Community School District.  The new agreement will be created during the spring of 2016 and will be cover grades 7 through 12 for three years from 2017 to 2020.  Previously, there have been three 5-year agreements for 1-way 9-12 whole grade sharing with Decorah: 2002-2007, 2007-2012, 2012-2017.  As of now, the board intends on maintaining a Preschool-6 grade district from 2017-2020 and beyond 2020 which will require a new agreement at that time.