Ionia Township S/D #2
2014
Score: 2
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Indicator
Description
Year
Category
Values
Score
Enrollment Changes - Current Year
It can be argued that there is a correlation between enrollment loss and fiscal health. Enrollment loss can be caused by many factors (economy, demographics, migration, etc.,) and thus changes the amount of revenue provided by the state from their allocation of Foundation Allowance (FA). This Enrollment indicator measures enrollment change. School Districts can manage a minimal loss in enrollment. If a district lost more than a minimal enrollment percentage, it scores a 1, otherwise it is assigned a 0.
2014
2013
Enrollment
Enrollment
16
18
1
Enrollment Changes - Prior 1 Year
This enrollment factor is calculated the same as Factor #1. The values however reach back one year to test for chronic problems in enrollment decline. This Enrollment indicator measures enrollment change. If a district lost enrollment more than a minimal percent over 2 years, it scores a 1, otherwise it is assigned a 0.
2013
2012
Enrollment
Enrollment
18
18
0
Enrollment Changes - Prior 2 years
This enrollment factor is calculated the same as Factor #1. The values however reach back two years. This Enrollment indicator measures enrollment change. If a district lost enrollment more than a minimal percent over 3 years - it scores a 1, otherwise it is assigned a 0.
2012
2011
Enrollment
Enrollment
18
16
0
General Fund Deficit - Target Year
This variable is computed by subtracting Expenditures from Revenues for a given year. This figure is then divided by Expenditures. If the number that results more than a trivial percentage, this indicates a district has a minimal operating deficit and this district receives a score of 1. If the district does not have an operating deficit, or if this deficit is minimal, the unit is given a 0.
2014
2014
Revenues
Expenditures
147,077
165,274
1
General Fund Deficit - Prior 1 Year
This indicator is computed in the same manner as the General Fund Deficit except that it is applied to the year prior to the current year to determine if a chronic problem is forming. A score of 1 is assigned for the prior year in which a minimal operating deficit had occurred.
2013
2013
Revenues
Expenditures
144,793
134,937
0
General Fund Deficit - Prior 2 Year
This indicator is computed in the same manner as the General Fund Deficit except that it is applied to the two years prior to the current year, and will indicate if a chronic problem exists. A score of 1 is assigned for the prior year in which a minimal operating deficit had occurred.
2012
2012
Revenues
Expenditures
149,101
129,796
0
Size of Fund Balance 10%
Most districts maintain a positive fund balance, and it is a sign of fiscal distress if the fund balance is negative. Districts typically find it beneficial to keep the fund balance from declining too greatly as this inhibits their ability to cope with unexpected circumstances in either the revenue or expenditure stream. The actual variable constructed for this indicator is the General Fund Balance as a proportion of Expenditures. If a unit maintains a General Fund Balance less than the trigger, it scores a 1. Conversely a General Fund Balance above the trigger, it scores a 0.
2014
2014
Expenditures
General Fund Balance
$165,274
$135,023
0
Size of Fund Balance 5%
Using fund balance as a means to weigh a districts ability to sustain, those with a declining fund balance might experience fiscal distress. if the fund balance is declining too greatly this inhibits their ability to cope with unexpected circumstances in either the revenue or expenditure stream. The actual variable constructed for this indicator is the General Fund Balance as a proportion of Operating Expenses and identifies if a chronic problem is forming. If a district maintains a General Fund Balance less than this trigger, it scores a 1. Conversely a General Fund Balance above the trigger level scores a 0.
2014
2014
Expenditures
General Fund Balance
$165,274
$135,023
0
Size of Fund Balance Deficit
Districts can manage a trivial short-term deficit. However, a significant Fund Balance deficit is a sign of fiscal distress. The actual variable constructed for this indicator is the General Fund Balance as a proportion of Operating Expenses. If a unit has a General Fund Deficit, it scores a 1. Conversely if the General Fund Balance is in the black, it scores a 0.
2014
2014
Expenditures
General Fund Balance
$165,274
$135,023
0
Foundation allowance change
Foundation Allowance (FA) is a major variable in the allocation of revenue from the state to the local districts. The total FA is equal to the State's allocation per pupil multiplied by the number of pupils and is commonly referred to as the per pupil grant that is the basis of proposal A. if the Foundation Allowance has declined, a 1 is assigned. If it is flat or increasing, a 0.
2014
2013
Foundation
Foundation
$7,026
$6,966
0
