NOW:53022:USA01012
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA01012
75°
H 81° L 61°
Clear | 7MPH

Germantown School District Receives Improved Investment Rating From Moody Investment Services

Dec. 23, 2010

The Germantown School District and Director of Business and Auxiliary Operation, Mr. Richard Ericksen, are pleased to announce that the school district has received an upgraded financial investment rating from Moody Investment Services. The change in status means that the outstanding general obligation debt rating improved from an Aa3 to an Aa2. This change in status is based on the strength of the district’s financial management practices and financial condition. This rating places the district in “high grade-high quality” status and is only two factors away from “prime”, or the highest rating. In addition, this particular change in status means the district has been given a MIG 1 rating. The MIG 1

rating is the best rating available and is considered to be “best quality investment grade for short term anticipation notes”.

 

Mr. Ericksen, in his report to the Board of Education, reported that this was a result of his discussions with Moody’s Services on December 8, 2010. In his interview with Moody Investment Services, Mr. Ericksen stated “in addition to highlighting our financial strengths, I directed as much attention as possible onto topics including, but not limited to, capital investments in energy and safety, recent board initiatives, consistency of annual

meetings, updating business office and banking systems in line with modern business and technology trends, implementation of tighter cash management and internal controls, and academic success. I spent time describing the importance of our school board and the management leadership accomplishments.”

 

The improvement from Aa3 to Aa2 will have long term favorable consequences and will likely save the school district hundreds of thousands of dollars in its dept structure.

 

The Village and Town of Germantown, and the Village of Richfield, Town of Polk, and Town

of Jackson are served by the dedicated Germantown School District. Students receive

excellent educational opportunities through the district’s six schools which include: Amy

Belle, County Line, MacArthur and Rockfield Elementary Schools, Kennedy Middle School

and Germantown High School. The district’s regular curriculum, led by a treasury of

knowledgeable faculty and staff, is complemented by an array of specialized programs and

co-curricular activities.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Germantown baseball team competes well in tough summer 01:08 PM

» 'Milwaukee lion' spotted in Glendale Updated:  7/28

» 'Lights out' factory expansion underway in Germantown 7/28

» Hansen, Menomonee Falls baseball team get weight lifted with title 7/27

» Tokoto makes stop at Falls Fest after NBA draft 7/27

» New York manufacturer to acquire Magnetek for $188.9 million Updated:  7/27

» Manchester was a giant in world of Menomonee Falls athletics 7/27

» Six-run fourth lifts Menomonee Falls to semifinal win over Pewaukee 7/27

» Falls baseball team routs Franklin for state championship Updated:  7/27

» District names new Rockfield Elementary principal 7/23

» Inaugural mud run raises $4K for Germantown teacher grants 7/23

» Germantown resident wins MS scholarship 7/23

» The Suburban 16 Power Rankings: Watt, Niebrugge, and others on the next level 7/22

» Initial Reaction Podcast: A dumb-sports-fan's guide to the Bucks arena financing situation 7/21

» Familiar face to lead Germantown parks department 7/21

» Battle-tested Menomonee Falls confident heading into state tourney 7/21

» Wine added to Falls Fest lineup 7/21

» Menomonee Falls' DeCloux crowned Waukesha County's Fairest of the Fair 7/20

» Germantown's Anderson leaves boys golf program in a better place 7/20

» Menomonee Falls baseball team turns to Gile again, survives regional test 7/20

» NSC champ West Bend West ends Germantown's season in regional 7/20

» Nothing fazes Falls as Indians head to state for first time since 2008 7/20

» Woodman's shoplifter pulls knife on employee 7/20

» Gile rescues Falls again in 4-3 regional win over Whitefish Bay 7/17

» Greenfield's Bella Matthias headlines the 2015 All-Suburban Softball Team 7/16

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Local Business Directory

CONNECT    

Advertisement