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Cornell School District
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
Pennsylvania
County
Allegheny County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Cornell School District recorded a net position of -$937.4K, reflecting accumulated obligations. Total assets of $1.7M compared to liabilities of $2.7M indicate fiscal pressures, yielding a coverage ratio of 0.65. The government recorded an operating deficit of $200.0K, as spending of $17.9M outpaced revenues of $17.7M. At -1.1%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.