The Woodhaven-Brownstown School District is pleased to announce that it has received an Unmodified Opinion in its 2023-24 audit, marking the second consecutive year the district has achieved this highest rating. This significant achievement demonstrates WBSD's commitment to financial responsibility and transparency. The independent third-party auditor responsible for the assessment is Maner Costerisan, a respected name in the field of auditing.
One of the key highlights of the audit report is the impressive Fund Balance of 21.9%. The district, which had total related expenditures of $80,908,959, maintained a fund balance of $17,783,689. WBSD has made prudent financial decisions, positioning itself well for the expected end of all COVID-19 grants in September 2024 as well as the cost of the grade reconfiguration across the district. This fund balance will play a crucial role in ensuring a smooth transition due to the district’s recent grade level reconfiguration, which brought along additional costs.
Enrollment and Per Pupil Allocation have also been favorable for WBSD. The state aid allowance was $9,608 per student, and the district maintained an average enrollment of approximately 5,342 students throughout the year.
Another noteworthy achievement highlighted in the audit is the percentage of expenses that remain in the classroom. Approximately 80% of WBSD's expenses are allocated to classroom activities. This figure exceeds local, county, and state averages, emphasizing the district's commitment to adequately compensating staff and providing students with a high-quality education.
WBSD remains committed to ensuring that the community's investments in education are managed responsibly and efficiently. The Unmodified Opinion from the audit serves as a testament to the district's financial health, and its dedication to preparing students for a successful future.
“As a district, we take our community’s trust in us very seriously, particularly when it comes to our fiscal responsibilities," Supt. Mark Greathead said. "Our goal is always to ensure that every dollar spent goes towards providing the best possible educational experiences for the children of our community. Achieving another Unmodified Opinion in this year’s audit demonstrates our unwavering commitment to financial transparency and the careful stewardship of resources that allow us to invest in both the present and future of our students.