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Assistant superintendent outlines remaining referendum borrowing and budget allocation to instruction
Summary
Assistant Superintendent Lenny Hansen told the board the district has $26.25 million remaining to borrow from an $80 million referendum sold earlier this year and reviewed how West Bend allocates a larger share of its budget to instruction relative to the state average, using DPI WUFAR data for 2023–24.
Assistant Superintendent Lenny Hansen presented the financial report on Nov. 11, reviewing the district’s remaining referendum borrowing and a high‑level analysis of expenditure allocations.
Hansen said the board previously approved the sale of $80,000,000 in bonds and that about $26,250,000 remains to be borrowed. He said the district anticipates a sale in the coming months, likely January, and that a parameters resolution (maximum interest rate, term and related items) will be presented at the Dec. 8 board meeting.
Using DPI WUFAR accounting data (2023–24), Hansen compared West Bend’s allocation to the state average and reported that the district allocates roughly 20% more of its budget to instruction than the statewide average, while being below average in administration and certain other buckets. He said more per‑student comparisons and a multiyear forecast from financial partner Baird (and forecasting work with Veradon) will be presented in future financial reports.
Board members asked about chart composition and omitted categories; Hansen clarified that transportation, food service and community service categories were below 5% and were omitted from the specific pie chart for readability. He agreed to provide per‑student figures and further forecasting in upcoming meetings.
