The Annual Report for the Humboldt Community School District 2011-2012 school year is now complete. During Monday night’s regular monthly meeting of the board, Humboldt School Superintendent Greg Darling handed out copies of the report and reviewed some of the highlights in the document. Darling noted the district had a solvency ratio of 14.69 percent on June 30, 2012. The district carryover or unspent balance was $2,853,870. “Our spending authority is good. When you are in the negative, the state will come and talk to you about making changes,” Darling said. “When you figure in the building project we’ve done the last few years, the solvency ratio looks pretty good,” Darling said. “Ideally, your target solvency position should be five to 10 percent and we’re at 14.69.” “The school district is a multi-million dollar business. From $14 million to $20 million,” Darling said. Darling said the district’s insurance costs went down because of lower claims.
