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District Update 9-8-11

September 08, 2011

The purpose of this message is to provide district news from the perspective of the superintendent. 

Waverly News article regarding District 145 Budget

Hamlow Newsletter

WIS Newsletter

Middle School Newsletter

Prior to its monthly meeting on September 6, the Board held a public hearing to receive input on its proposed budget which was published in the Waverly News. Click to view budget document and proposed tax levy information  No members of the public provided comment during the budget hearing. 

During the regular meeting, high school math teachers Mrs. Cindy Boss and Mr. Brett Harpster, along with social studies teacher Mr. Dan Jensen, presented information to the Board of Education. Mrs. Boss shared the K-12 math committee's "mission" that has been developed and she explained the next steps in the process. Each teacher shared their support for the school improvement process and noted the level of involvement of K-12 teachers. 

The Board received information regarding the NeSA test results and an update on possible reconfiguration of board election districts due to recently released census data.

The Nebraska School Board’s Association recognized School District 145 Board of Education as a recipient for the “Outstanding Board Award.” School board members were also recognized for individual levels of achievement. This is the tenth time the board has received this award since 1999-2000. 

In the past month, committee meetings took place and reports were given to the Board from their Building and Grounds committee, Policy committee, Performance and Assessment committee, and the Planning and Development committee. Member Bruce Sedivy reported on the Foundation for Education meeting, and board members reported on their attendance at an area school board workshop held at York Public Schools. 

The Board heard from the Waverly "Friends of Baseball" regarding the future use of Lawson Park for high school baseball. The Board discussed the request to provide financial support to adding lights to Lawson Park. It was determined that additional discussion is needed on this topic. 

The Board discussed the City of Waverly Comprehensive Plan and expressed support for this project.

The Board of Education approved the following:
1. Adult lunch prices were set at $3.00 due to revised federal regulations. 
2. 2011-12 budget

3. Resolution for a line of credit for $5,750,000 to be accessed as needed during 2011-12 to meet cash flow requirements in the general fund.

4. First reading of eight board policies.

The 2010-11 fiscal year for the district concluded on August 31, 2010. 

The Board approved a line of credit (same as previous years) to be accessed as needed. This means we will take out a loan to meet our monthly obligations, then at the end of the fiscal year we will pay back the amount of money we borrowed (plus interest). By the end of the fiscal year (August), we receive enough tax revenue to pay off the loan, but then start over again in September. School districts are allowed (by statute) to utilize Tax Anticipation Notes. 

During 2010-11 fiscal year, the line of credit actually used was $3,495,000. In August 2011, we paid back the principal amount plus $68,677 in interest. As reported to the Board, we are working to reduce our reliance on the line of credit over time.

School Year

Loan Amount

Interest paid










District 145 revenue is mainly from local property tax collections, state and federal aid. The local and state revenue is received in payments during the year, meaning most of the revenue is not available at the start of the fiscal year. To receive federal dollars, expenditures are made by the district first, then application is made for reimbursement.

Our property valuations for the General Fund increased 6.3% in the district over last year. The General Fund budget will increase 1.77%. 

Our budget allows us to maintain our current educational programs and activities. We will need to continue our efforts to become more efficient, and maintain our reduced level of expenditures that occurred last two years.

We are fortunate that our district has a growing student population. We are fortunate to have tremendous support from parents and patrons. 

Thanks to the efforts of all personnel, including transportation, food service, maintenance, custodial, grounds keeping, office staff, teachers, support staff, and administrators, we are off to a great start this year. With our collective efforts, we will continue to provide a positive environment, which translates into enhanced student learning.

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