30/08/2024 | News release | Distributed by Public on 30/08/2024 20:20
The City of Monona is sharing this District Budget update webpage with City residents at the request of the Monona Grove School District. Any questions regarding this information should be forwarded to the Monona Grove School District.
A review of District finances by our new Superintendent and Assistant Superintendent has uncovered that the District has been operating in a deficit over the last three years and is nearing the depletion of its fund balance. Specifically, $7.9 million of fund balance has been utilized, leaving a balance of $2.5 million or about 4% of our operating budget.
The School Board will be providing an increased level of transparency to provide you with the most up to date information. On this webpage you will find Frequently Asked Questions (including an explanation of key terms), detailed information on the timeline of events and immediate next steps we are taking to stabilize the situation, and other important information and resources.
This includes:
Access the District's Budget Update page here.