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.