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NYS Comptroller Fiscal Stress Monitoring

NYS Comptroller Fiscal Stress Monitoring. Highland Central School District For the school year ending 06/30/13. Designations Mid Hudson Valley Region (Dutchess, Orange, Sullivan, Ulster & Westchester Counties). Significant Fiscal Stress (65% - 100%)

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NYS Comptroller Fiscal Stress Monitoring

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  1. NYS Comptroller Fiscal Stress Monitoring Highland Central School District For the school year ending 06/30/13

  2. Designations Mid Hudson Valley Region(Dutchess, Orange, Sullivan, Ulster & Westchester Counties) Significant Fiscal Stress (65% - 100%) 12 Districts Statewide (2 Districts – Dutchess/Orange) Moderate Fiscal Stress (45% - 64.9%) 23 Districts Statewide (1 District - Westchester) Susceptible to Fiscal Stress (25% - 44.9%) 52 Districts Statewide (7 Districts – all Counties) No Designation (0% - 24.9%) 587 Districts Statewide (90 Districts – all Counties)

  3. Unassigned Fund Balance Total Fund Balance Operating Deficits Cash Ratio Cash Percentage of Monthly Expenditures Short Term Debt Issuance Short Term Debt Issuance Trend Seven Indicators utilized for Fiscal Stress Rubric

  4. Indicator 1 of 7 Unassigned Fund Balance

  5. Indicator 2 of 7 Total Fund Balance

  6. Indicator 3 of 7 Operating Deficit / Surplus – General Fund • Three year analysis • Annual revenues must exceed annual expenditures • Use of appropriated fund balance reduces current year revenues • No points in 2013

  7. Indicator 4 of 7 Cash Ratio • One year analysis • Cash verses current liabilities • No Points in 2013

  8. Indicator 5 of 7 Monthly Expenditures • Prior year only – one year period • General Fund • Actual cash verses monthly expenditures • No points in 2013

  9. Indicator 6 of 7 Short Term Debt Issuance

  10. Indicator 7 of 7 Short Term Debt Issuance Trend

  11. Highland’s Fiscal Stress Score: 30%

  12. Summary • Total Score of 30 – “Susceptible to Fiscal Stress” • Low Fund Balance • Necessity for Short Term Debt • Environmental Weighting for Failed Budget Votes

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