Districts achieve ‘fiscal wellness’ amid difficult financial times
Media contacts: Barbara Fornasiero, EAFocus Communications, 248.260.8466, email@example.com; Bob Kittle, Munetrix, 248.797.1337, firstname.lastname@example.org
Auburn Hills, Mich. – February 7, 2018 – Munetrix, a public sector solutions provider offering data management, analytics and reporting tools for states, local governments and public school districts, announced today that 36 Michigan public school districts received a perfect Munetrix fiscal indicator score of zero for three consecutive years.
The perfect Munetrix Scores are for the 2016-2017, 2015-2016 and 2014-2015 school years and are based on the latest available audited school district data provided by the Michigan Department of Education. The Munetrix Score range is zero to 10, with zero being a perfect score. Munetrix’s algorithms mash 12 critical data points over three-years while looking for chronic or high magnitude problems such as a tenuous fund balance or large enrollment swings. The Munetrix Score provides school leaders a robust fiscal early warning tool and allows them the ability to model financial plans into the future to see what their “wellness” will look like two to three years down the road.
The 36 Michigan school districts to receive a perfect Munetrix Score for the last three consecutive fiscal years are:
|School District Name||Enrollment||School District Name||Enrollment|
|Airport Community Schools||2,578||Marysville Public Schools||2,762|
|Big Rapids Public Schools||2,003||Montrose Community Schools||1,430|
|Blissfield Community Schools||1,204||Negaunee Public Schools||1,558|
|Brimley Area Schools||514||Northville Public Schools||7,485|
|Byron Center Public Schools||3,906||Oak Park School District||4,973|
|Cadillac Area Public Schools||3,144||Oscoda Area Schools||1,178|
|Chippewa Valley Schools||16,235||Plainwell Community Schools||2,782|
|Crestwood School District||4,093||Reed City Area Public Schools||1,578|
|Edwardsburg Public Schools||2,701||River Rouge School District||1,982|
|Elkton-Pigeon-Bay Port Laker Schools||898||Schoolcraft Community Schools||1,073|
|Flat Rock Community Schools||1,949||Swan Valley School District||1,774|
|Fraser Public Schools||5,151||Tecumseh Public Schools||2,982|
|Harper Woods School District||1,937||Troy School District||12,878|
|Jenison Public Schools||4,995||Warren Woods Public Schools||3,251|
|Johannesburg-Lewiston Area Schools||722||Watervliet School District||1,438|
|Lake Fenton Community Schools||2,070||West Iron County Public Schools||849|
|Lincoln Park Public Schools||4,912||West Ottawa Public School District||6,851|
|Mancelona Public Schools||970||Whitehall District Schools||2,135|
“Based on their Munetrix Scores, these districts are to be commended for their fiscal stewardship,” Munetrix President Bob Kittle said. “At a time when all eyes are on the public sector to do more with less, school districts, with their precious cargo being children, are under even more optical scrutiny. The parents in these districts should take comfort knowing the boards and administrators hold fiscal sustainability close to their heart, which is especially important as Michigan’s overall student population continues to decline.”
Most Improved Districts
Kittle noted that three districts on the list, Montrose Community Schools, Oak Park School District and Reed City Area Public Schools, deserve ‘most improved’ status, since all three improved eight points over a three-year period and sustained a perfect Munetrix Score for two additional years.
“These three districts were in a financially precarious position just a few years ago and now are reflecting what we refer to as municipal wellness,” Kittle said. “It’s a plus for students, families, and the community that these districts have been able to turn around their financial woes to this degree. But key for Montrose, Oak Park, Reed City and all schools on the list is to continue monitoring and evaluating major financial decisions and their strategic plans. Each district has its own unique story, and a perfect wellness score doesn’t mean things are or will be easy for them in the future, even with Gov. Snyder’s proposed $233 bump in per-pupil funding for next year.”
Since its founding in 2010, Munetrix has continued to build its reputation among government and school district leaders. Munetrix is one of only two approved vendors prequalified by the Michigan Department of Technology, Management and Budget to provide data analytics tools for reimbursement to both Michigan public school districts and cities. In December 2016, the company received “Readers’ Choice Top Products” recognition for the second consecutive year from K-12 leaders’ education trade publication, District Administration. Munetrix has also been named a GovTech100 company for three consecutive years, an annual index by Government Technology magazine that highlights the top 100 companies in the country serving government in unique, innovative and effective ways.
Michigan-based Munetrix, among the nation’s largest aggregators of municipal and school district data, promotes municipal wellness and sustainability through its cloud-based data management tools and proprietary performance management applications. In partnering with Munetrix, communities and school districts can manage their data and access cost effective products and advisory services to make meaningful and reliable budgets, financial projections, trend reports and forward-looking decisions. Learn more about your school or community’s Munetrix Score at the Munetrix website.