District’s Current Financial Position
As of June 30, 2012:
Our Fund Balance was 1.9% of budget. The average forthe other schools in our BOCES is 5.0%
Our Reserves were 1.3% of budget. The average for otherschools in our BOCES is 12.8%
Although we have been able to maintain our Aa3 creditrating, Moody’s assigned us a “Negative Outlook” basedon our financial condition.
Our Tax on True Value has historically been lower thanother large suburban districts in CNY.
We spend less per pupil than other districts in ourBOCES.
Over the past 5 years we have eliminated over 200positions. This year we are proposing the elimination of