| Students | Parents | Educators | Businesses | General Public |
|---|---|---|---|---|
In light of the gravity of fiscal issues facing school districts, along with the fact that several districts are maintaining and/or anticipating negative fund balances, in the fall of 2004, the State Board of Elementary and Secondary Education (BESE) requested that the Department develop a financial assessment tool for use as an indicator of financial risk.
There are twenty-two factors in two major categories:
1) fiscal management; and
2) auditing, internal controls, and compliance.