Fiscal Distress Services
The Fiscal Distress Services Unit partners with school districts, charter schools and co-ops to maintain fiscal stability while providing all students an opportunity to learn and achieve their fullest potential.
The unit identifies districts in fiscal distress, assesses their financial condition, addresses areas of fiscal concern, and assists in determining how to bring the district back to fiscal stability. Intervention and professional consultation is provided when there are early indicators that could possibly lead to fiscal distress status.
Data is gathered and analyzed to identify any fiscal condition that, if not corrected, could have a negative impact on the continuation of educational services by the school district. Districts identified as being in Fiscal Distress present Fiscal Distress Plans to the Unit for review and approval. The unit provides follow-up to the district’s plan to ensure the future financial success of the district. On-site technical evaluation and assistance is provided, as well as fiscal training to school district board members and employees.
The unit also monitors the fiscal operations and accounts of all school districts, education service cooperatives, and charter schools and provides financial assistance as needed.