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Manor ISD financial briefing: S&P flags need to rebuild reserves within two years
Summary
District finance staff told trustees the district maintains a 'AA' rating but S&P’s outlook is negative absent rebuilding fund balance; staff recommended surplus budgets or other measures to avoid downgrade and explained indicators used in the first financial rating.
Manor ISD finance staff reported to the board that the district’s fiscal metrics remain under pressure and that S&P Global indicated the district must rebuild its fund balance within two years to avoid a downgrade in credit outlook.
Moises/Santiago (finance presentation) said the district currently shows roughly 1.2 months of operating…
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