Total Margin = Change in Net Position/Total Revenue
Change in Net Position = Total Revenue - Total Expenses
3 year aggregated = Sum of 3 years' Change in Net Position/Sum of 3 years' Total Revenue
2 year aggregated = Sum of 2 years' Change in Net Position/Sum of 2 years' Total Revenue
Target:
most recent Total Margin > 0% and 3 year aggregated is positive
OR 3 year aggregated > -1.5% and the previous year is positive and most recent year is positive
Is the LEA living within its means?
Definition: Measures an LEA's deficit or surplus out of total revenues (Includes change in temporary restricted net assets)
Data Source: AFS or public financial reporting download in October.