Chippewa Valley Spends $132 Million in 2012; Saves $16.7 Million for Rainy Day
Plante Moran gave Chippewa Valley Schools an "A" on its audit of the district's 2012 finances.
Federal dollars and property tax revenues were down in 2012, but Chippewa Valley Schools still managed break even and close out the year with $16.7 million in its rainy day fund. Plante Moran gave the district an unqualified opinion – the highest form of assurance that an institution’s finances are in order – in its recent audit of Chippewa Valley finances for the year ending June 30, 2012. “In school district terms, we would give you an A,” said Donna Hanson, CPA with Plante Moran. Taking in approximately $131.8 million in revenue in 2012, the district spent $132 million, with just under $104.2 million of that expense directed toward instruction and instructional support services that directly benefit students. As of June 30, the district…
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dw
5:21 pm on Sunday, January 13, 2013
how about taking the balance to pay off current debt as not to hit us up for the money twice more ›