WSD Maintains Strong Financial Rating from Moody's
Moody's Investors Service has released its Annual Issuer Comment Report for the Wentzville School District. In the report, Moody's maintains an Aa2 rating on the District's outstanding general obligation debt, one of the highest ratings for any school district in Missouri.
“The Aa2 rating released by Moody's Investors Service is a reflection of the District's sound fiscal position,” said Pam Frazier, District Chief Financial Officer. “It is also evidence of our staff’s commitment to fiscal responsibility and to remain good stewards of taxpayer dollars.”
According to the report, the favorable rating reflects the District's “robust financial position, a substantial tax base and a strong wealth and income profile.” The WSD has been the fastest growing school district in Missouri since 2001, averaging over 600 new students every year. As a result of the record growth, the WSD has built 11 new schools since 2001.
The report also cites the District’s fiscal management and governance as a reason for the strong rating. The District’s net cash balance as a percent of revenues sits at 39.38% which is “far stronger than other school district’s nationwide,” according to the report. Continued population growth, and a median family income that is a healthy 126.8% of the national level, are also cited by Moody’s as reasons for the WSD’s high rating.
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