A companion report that discusses overall trends can be found here at Click here.

How does it work? Dashboard information is currently available for fiscal years 2018-2021. Within each tab, identify the system and fiscal year you are interested in using the dropdown menu. You can also compare your system to other specific systems or a group of systems that are similar based on student population or poverty level.

What is the source of the numbers? The dashboard information is extracted primarily from systems’ audited financial statements, which are completed by or submitted to DOAA each year. Click here for full financial statements for systems audited by DOAA. Audits performed by a private auditor must be obtained from the system directly. 

Notes Page:

1 What is the source of the financial information? School systems annual audited financial statements serve as the primary source of the dashboard information. Specifically, information was extracted from the statement of net position for all governmental activities, the balance sheet for the governmental funds, and the statement of revenues, expenditures, and changes in fund balance. Unless otherwise specified, information reflects the general fund and special revenue fund (to identify federal and state grant funds), which accounts for general school system operations.

2 Why can’t I find my system’s financial statement on DOAA’s website? DOAA publishes the complete financial statements for which DOAA has issued an independent auditor’s report. Approximately 40 systems contracts with a private entity to prepare the independent auditor’s report. While DOAA collects these reports to fulfill its statutory obligations, it does not publish them on its website.

3 What is the source of other information? School system student counts represent the full-time equivalent counts obtained by the Georgia Department of Education. Poverty rates were obtained from the Governor’s Office of Student Achievement, which measures poverty based the percentage of students receiving Supplemental Nutrition Assistance Program (SNAP) or Temporary Assistance to Needy Families (TANF) benefits, or are homeless, unaccompanied youth, foster, or migrant.

4 Why is information missing for my school system? The dashboard is updated quarterly as needed. Missing information indicates the independent auditor’s report for that fiscal year has not yet been completed.

5 How were fiscal health benchmarks determined? Benchmarks for each fiscal health metric were determined based on industry best practices and other states’ assessments. We tested the reasonableness of the “cautionary” and “critical” benchmarks by calculating the systems’ averages and standard deviations from the mean to identify outliers for fiscal years 2018-2020. We identified the number of systems that would be categorized as “cautionary” or “critical” based on conservative and generous benchmarking and discussed the reasonableness of the results with DOAA staff to determine whether adjustments should be made.

6 How was the overall fiscal health rating calculated? Each school system’s overall fiscal health was calculated based on a weighted score that assigned a number of points to each metric as well as each outlook. Solvency metrics (current ratio and asset sufficiency) were given the largest weight (2 points) because they represent a system’s ability to meet its obligations in the short-term and overall. Operating reserve ratio—which represents how long the system can use its savings to meet expenditure obligations—was given 1.5 points. The fund balance ratios were given one point. Systems that received 10 points or more were designated as having a “critical” outlook, while those with less than 10 but 3.5 or more points were designated as “cautionary.” All other systems (i.e., fewer than 3.5 points) were designated as having a “positive” outlook.