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 88° L 63°
Partly Cloudy | 6MPH

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

» Old Town Inn to reopen Friday as Old Town Beer Hall in Germantown 9/1

» Germantown ACT scores second highest in 12 years 9/1

» More changes in store for Pilgrim Road near Highway 41/45 9/1

» Menomonee Falls swimmers second in Northstar Invitational 9/1

» SPORTS SHORTS: Sept. 3 9/1

» Germantown native works hard, gains experience at Arlington research station 8/31

» Turnovers do in Menomonee Falls football team in loss to Superior 8/31

» Get interesting prep football tidbits and insights with 'First and Short' blog 8/28

» School District of Menomonee Falls happy with ACT results 8/28

» Updated weekly rankings of area prep football teams and players 8/27

» Menomonee Falls volleyball team opens season with win over Nicolet 8/26

» Suspect released in hit-and-run killing of Germantown bicyclist Updated:  8/25

» Falls on the Riverwalk seeks to replace former Associated Bank building with apartments 8/25

» Menomonee Falls football team stunned by inspired Oak Creek, 26-0 8/25

» Chicago women charged with a combined nine counts of credit card fraud after CVS purchases 8/25

» Menomonee Falls School District names new communications director 8/25

» Initial Reaction Podcast: What stood out on the first week of high-school football? 8/25

» Sport Shorts: Aug. 27, 2015 8/24

» Rebuilding Germantown impressive in win over Kenosha 8/24

» Young Menomonee Falls soccer team to build on success of 2014 8/24

» Former professional fighter takes Menomonee Falls-based business to next level 8/24

» Menomonee Falls world language department uses application, receives regional attention 8/24

» Youthful Oak Creek football team impresses in 26-0 win over Falls 8/21

» Menomonee Falls, Germantown among best places to live 8/21

» Germantown Police Department bids farewell to Lt. Brian Henning 8/20

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Local Business Directory

CONNECT    

Advertisement