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Berea Independent School District
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
Kentucky
County
Madison County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Berea Independent School District reveal a net position of -$58.2K, with total liabilities exceeding assets. The financial position includes $65.7K in total assets offset by $123.9K in liabilities, reflecting balance sheet stress at a 0.53 ratio. Fiscal operations produced a negative result, with $14.3M in expenditures against $12.3M in revenues, creating a deficit of $2.0M. The -16.3% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.