Starting this month, Auditor of State (AOS) Keith Faber’s office will be issuing financial health indicator (FHI) reports for school districts. This AOS program to identify and monitor signs of financial stress in public agencies began nine years ago with cities and counties and is now expanding to include school districts.
AOS has explained that FHIs provide early warning signs of financial distress, allowing public agencies to address issues before they develop into major problems. Each district’s FHI report will use the traffic light system to highlight where they fall in 16…