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Dayton schools report credit rating upgrade; board adopts estimated resources and appropriations
Summary
Treasurer and board reported an upgraded credit rating (Fitch AA‑ minus, stable outlook; transcript notes a "2" rating from Moody’s) and the board voted to approve the certificate of estimated resources, permanent appropriations and related financial items.
Dayton City School District officials told the board on Sept. 16 that the district had received an upgraded credit rating from Fitch and an improved Moody’s rating, and the board approved a set of routine financial resolutions including estimated resources and permanent appropriations.
Madam Treasurer reported that the district obtained an “AA minus with stable outlook” from Fitch; the treasurer also reported an improvement from Moody’s described in the meeting record as a “2 rating from Moody’s,” which district officials characterized as positive. “This year, our district received AA minus with stable outlook, an upgrade from a minus, which is very good,” the treasurer told the board.
On the business agenda the treasurer recommended approval of a certificate of estimated resources, permanent appropriations, transfers, advances of funds, the monthly financial report, tuition rates for 2025–26, donations, and purchase requisitions. Board Member Smith moved to approve the items; Mr. Walker seconded. The board approved the treasurer’s package on a roll call; the clerk announced six yeses.
Board members asked one clarifying question about the IXL supplemental program and whether it could be extended to other high schools; Associate Superintendent Minor said the district was evaluating that under the multi-tiered system of supports (MTSS) framework.
The treasurer asked the board to review a purchase order under the $15,000 authority for accuracy at the next meeting. The board accepted financial reports and authorized the recommended appropriations. The district said it will post the certified resource and appropriation documents as part of the official record.
The board did not attach dollar amounts in public remarks beyond the formal items approved; official documentation filed with the treasurer’s office will list specific budget figures and will be available for public review.
