Degree Name

Education Specialist (EdS)

Semester of Degree Completion

1980

Thesis Director

David E. Bartz

Abstract

The basic purpose for this paper was to study important financial information pertaining to Dieterich Community Unit #30 School District from the recent past, and the present, and to use the data to project the financial position of the district over a five year period starting in 1978-79 and ending in 1983-84.

The paper was not intended as a true research project which used considerable statistical information but rather a project that might produce information very useful to the institution in financial areas in the next few years. The information and data used in the study were produced primarily from financial reports and audits of the district. A great amount of information was received through conversations with the superintendent of schools in the Dieterich system and other significant people. Some important information was received by completing an energy audit in the district. The energy audit gave considerable insight into overusage of electricity and possible solutions to energy problems.

The information was compiled from these financial reports and projected using the most recent government inflation estimates according to government economists. The projections were used to complete five year financial standing in the form of school budgetary statements. These budgets, although not included in the finished paper, were totally completed and were the basis for the final estimates of the financial position of the district.

The major findings of the study were a slowly increasing debt which over a five year period could approach $900,000. Due to improved policies, spending procedures, and new sources of income, the district should improve its income during the next five years by approximately $300,000. Added to the $900,000 deficit that has been projected, the balance at the end of the five year period would show approximately $600,000 indebtedness.

These findings would offer a variety of possible solutions or partial solutions. The most reasonable would seem to be a tax referendum. If the taxpayers of the district are not willing to support the small district , it is likely the school will be absorbed by surrounding larger districts.

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