On Friday, January 17, 2014 the state released Fiscal Stress levels on all LI school districts. Elwood UFSD came in at a fiscal stress of 16.70% with a classification of “no designation”. Using financial indicators that include year-end fund balance, cash position and patterns of operating deficits, the system creates an overall fiscal stress score which classifies whether a district is in “significant fiscal stress,”in “moderate fiscal stress,”as “susceptible to fiscal stress,”or “no designation.” Please visit the link to view the full report from the comptrollers office.

http://www.osc.state.ny.us/press/releases/jan14/011614.htm