TABLE 1	("RESULTS OF OPERATIONS")
Number and	Percentage of Districts with Surpluses and Deficits - FY 96 - FY 00
(Combined	Educational, Operations and Maintenance, and Transportation Funds)
Fiscal Year	# Deficit Spending	% Deficit Spending	# Surplus Revenue	% Surplus Revenue	# District Total
1996	370	40.8%	537	59.2%	907
1997	386	42.7%	519	57.3%	905
1998	281	31.3%	616	68.7%	897
1999	361	40.4%	533	59.6%	894
2000	354	39.6%	541	60.4%	895
Table 1 shows historical data covering five years for “results of operations” in the three “operating” funds—
Educational, Operations & Maintenance and Transportation.  For the five-year period, deficit spending
ranged from a low of 31.3% of districts in 1998 to a high of 42.7% in 1997.  During the most recent year —
FY 2000—354 of the 895 school districts had expenditures in excess of revenues in the “operating” funds.
	TABLE 2	(FUND BALANCES)
Number and Percentage of Districts with Surpluses and Deficits in Fund Balances - FY 96 - FY 00
(Combined	Educational, Operations and Maintenance, and Transportation Funds)
Fiscal Year	# With Fund Balance Deficit	% With Fund Balance Deficit	# With Fund Balance Surplus	% With Fund Balance Surplus	# Districts Total
1996	72	7.9%	835	92.1%	907
1997	66	7.3%	839	92.7%	905
1998	45	5.0%	852	95.0%	897
1999	39	4.4%	855	95.6%	894
2000	40	4.5%	855	95.5%	895
Table 2 shows the number and percentage of districts that reported surpluses and/or deficits in the fund
balances (cash/savings on hand) in the “operating” funds as of June 30 in the reporting years 1996-2000.
These data show a significant improvement over time; in 1996, 72 of the 907 school districts (7.9%) had
negative fund balances versus 40 of 895 school districts (4.5%) in 2000. Districts having a fund balance
surplus were able to utilize savings/reserves and/or the Working Cash fund to fund ongoing operations.
These districts did not utilize external borrowing to fund ongoing operations.
TABLE 3	(EXTERNAL BORROWING TO FUND ONGOING OPERATIONS)
	Number and Percentage of Districts with Fund Balance Deficit
		Not Covered by Working Cash
Fiscal Year	# With Fund Balance Deficit	% With Fund Balance Deficit	# Districts
1996	30	3.3%	907
1997	26	2.9%	905
1998	12	1.3%	897
1999	12	1.3%	894
2000	15	1.7%	895
Table 3 shows the number and percentage of districts that had to rely on external borrowing over the five-
year period to fund ongoing operations as reported in the three “operating” funds.  Once again, there was a
significant improvement over time from 30 districts in 1996 (3.3%) to 15 districts (1.7%) in 2000.