STATE FINANCIAL REPORTS
All financial reporting is due the Pennsylvania Department of Education by June 30 of each calendar year. Deadlines for the state report are due June 30 and October 3.
A bond rating is an indicator of a District’s likelihood to repay borrowed funds and is equivalent to a personal credit score. The highest score is a “AAA” (low credit risk; solid financial operation) and the lowest rating is a C (high credit risk; high debt burden). Bond ratings are assigned through Moody’s Standard & Poor’s, a premier independent non-profit organization that provides market intelligence. They periodically review school districts, among other entities and reports, for credit worthiness.