Debt and Other Financial Indicators

Free cash is a revenue source which results from the calculation, as of July 1, of a community's remaining, unrestricted funds from operations of the previous fiscal year based on the balance sheet as of June 30. Free cash is offset by property tax receivables and certain deficits and can be a negative number.

Free Cash certified from an enterprise fund is referred to as Retained Earnings. This can be used for purposes including capital improvements, reimbursing the general fund for prior year subsidies or reducing user fees.

The Free Cash Calculation Report shows the data used to determine the amount of free cash certified as of June 30th of a specific fiscal year.

Stabilization is a reserve fund - sometimes referred to as a "rainy day fund" - designed to accumulate funds that can later be appropriated for any lawful purpose.

Excess and Deficiency is the amount by which cash, accounts receivable, and other assets exceed a regional school district's liabilities and reserves.

The E&D Calculation Report shows the data and calculations used in determining the certified excess & deficiency amount, based on the school district's balance sheet as of June 30.

Free cash is a revenue source which results from the calculation, as of July 1, of a community's remaining, unrestricted funds from operations of the previous fiscal year based on the balance sheet as of June 30. Free cash is offset by property tax receivables and certain deficits and can be a negative number.

The District Free Cash Calculation Report shows the data used to determine the amount of free cash certified in a district as of June 30th of a specific fiscal year.