Elmbrook's Surplus Most in 10 Years; Board Members Debate Uses for $3.5 Million

Summary

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Brookfield - The Elmbrook School District ended the 2006-'07 school year with a $3.5 million surplus, the largest in a decade and the latest in a series of annual surpluses used to boost the district's reserves or fund capital projects.

Every year, the district reduces its spending increases by hundreds of thousands of dollars to balance the budget under state- imposed revenue caps.

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Extract

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Elmbrook's Surplus Most in 10 Years; Board Members Debate Uses for $3.5 Million

But a review of district financial data shows that at the end of each year for the last decade - except for one year - the district has had surpluses ranging from $582,000 ...

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