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First, there is no one indicator regarding the financial health of a local school district. Therefore, this web page will share with you a number of indicators that in combination determine the health of a local school district.
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Cash Fund Balance |
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Your Cash Fund Balance is an indicator of the dollars available to the school district to support the spending authority. There are school districts in Iowa who have more cash than they have spending authority. Thus, creating a situation where they have cash that is not spendable but can be used during periods of cash flow problems and also for the reduction of future property tax asking. A Cash Fund Balance is an indicator of liquidity relative to the ability of the school district to pay its liabilities within its maximum spending authority.
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Solvency Ratio |
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Solvency Ratio was determined through the Iowa School Cash Anticipation Program (ISCAP) guidelines as one indicator of financial solvency. The Solvency Ratio provides a picture in time (on June 30) of the financial health of a school district. It is calculated by dividing the Unreserved and Undesignated General Fund Balance by the actual or total receipts for the General Fund of that school district for the fiscal year. A school district may have a high Solvency Ratio but not have a spending authority or unspent balance to meet emergency needs.
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Unspent Balance |
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Unspent Balance is the amount of the authorized budget or total spending authority not expended during the budget year and includes previous year's cumulations of unexpended total spending authority. Unspent Balance is the cumulative unused total spending authority, which is carried forward to the next year, and does not reflect a cash position. In other words, a school district may have a high unspent balance that is part of the maximum district spending authority, but not have any dollars in their checking account to fund the unspent balance authority. |
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