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Posts tagged #OperatingDeficit

Citizen Portal News Texas
Citizen Portal News Texas
@citizenptnewstx.bsky.social
4 months ago
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Canutillo ISD drops to a B rating under FIRST as cash-on-hand and operating deficit cited Finance staff told trustees the districts Financial Integrity Rating System of Texas (FIRST) score for FY24 fell from prior "superior" ratings to an "above standard" (B) rating because of weaker days cash on hand, a current-assets-to-liabilities ratio below the top threshold, and a FY24 operating deficit that triggered a zero on a pass/fail metric

Canutillo ISD's Financial Integrity Rating has dropped to a B, highlighting troubling cash-on-hand levels and an operating deficit that could impact future funding.

Learn more here!

#TX #TexasSchools #BudgetTransparency #CitizenPortal #OperatingDeficit #FinancialIntegrity

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