East Alton-Wood River Community High School District #14 (EAWR) is committed to maintaining financial stability and ensuring a bright future for our students, staff, and community. Through strategic planning and sound investments, the district continues to strengthen its financial position while prioritizing student success. With smart investments, strategic planning, and a commitment to keeping education at the forefront, EAWR is ensuring long-term success while keeping tax rates stable for local residents. The district remains in a strong financial position, ensuring resources for students while maintaining a balanced budget.
Operational Fund Health & Growth
EAWR’s overall Operational Fund Balance to Revenue Ratio has reached 105.4%, indicating a strong reserve position that allows the district to manage unexpected costs and maintain financial stability.
The Education Fund (51.7%) and Working Cash Fund (40.2%) are in excellent financial shape, ensuring support for academic programs and emergency funding needs.
The Operations & Maintenance Fund (7.3%) and Transportation Fund (6.2%) are being closely monitored to ensure long-term stability. As of June 30, 2024, the O&M Fund maintains a healthy balance of $723,709, nearly covering its FY24 expenditures of $715,046, ensuring continued facility maintenance and improvements. The Transportation Fund remains in a strong position, with an ending balance of $621,238, which exceeds its FY24 expenditures of $393,210, providing ample reserves for transportation needs. The district is taking proactive measures to ensure these funds remain well-supported, maintaining financial flexibility while prioritizing necessary services for students and staff.
Tax Rate History
EAWR has consistently worked to maintain a responsible and stable tax rate while ensuring adequate funding for students and district improvements. Below is a look at the district’s recent tax rate history:
Fiscal Year | Tax Rate |
FY24 (2023 Tax Year) Estimated | 2.4057 |
FY23 (2022 Tax Year) | 2.3670 |
FY22 (2021 Tax Year) | 2.3861 |
FY21 (2020 Tax Year) | 2.3301 |
FY20 (2019 Tax Year) | 2.3507 |
FY19 (2018 Tax Year) | 2.2436 |
The district remains committed to maintaining financial responsibility and balancing the needs of the community with investments in education and infrastructure.
Financial Planning & Future Stability
The district is proactively addressing funding imbalances by evaluating long-term revenue and expenditure strategies.
EAWR continues to maintain a balanced budget, demonstrating strong financial leadership and responsible resource allocation.
The additional Working Cash Bonds and tax levy adjustments position the district for sustained success without placing additional financial burden on the community.
A Promising Future for EAWR
EAWR is committed to building a strong financial future while remaining mindful of economic uncertainties. With a solid foundation, we are excited about opportunities to expand academic programs, enhance facilities, and provide ongoing support for student success. At the same time, we recognize the importance of responsible financial planning to ensure long-term stability. While we remain optimistic about our growth, we continue to prepare for economic fluctuations that may arise, ensuring that we can adapt and sustain progress regardless of external challenges. By balancing ambition with caution, EAWR is poised for continued success, securing lasting benefits for our students and community.
For more financial updates and news about our district, visit eawr.org.