Moody's rating reflects fiscally sound district

After several failed votes, the Reynoldsburg school district's current operating levy finally passed in 2010 with the promise that we wouldn't come back with another request for more money through 2014.

To accomplish this goal, the board sought creative solutions to remain fiscally responsible while meeting the needs of our students. Having exceeded our original goal, the board set a new goal to maintain a positive cash balance into 2020.

Our current five-year forecast shows we should accomplish this goal, too.

The board's fiscal responsibility is part of the foundation that helped our school district achieve a credit rating of Aa2 from Moody's Investors Service last month. The rating indicates the recently issued bonds have a high quality grade with a very low credit risk. According to Moody's website, it ranks the creditworthiness of borrowers by using a standardized rating scale.

In addition to the rating, Moody's listed several strengths about our district, including a statement referring to our board and administration: "District benefits from a strong, forward looking management team that budgets conservatively and has prepared for future capital, maintenance and technology costs."

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