Arizona School District Financial Risk Analysis—December 2022—Analysis and data file

As of December 31, 2022, 3 Arizona school districts are at higher financial risk than other Arizona school districts based on analysis of 10 financial risk measures, decreasing from 6 districts in December 2021.

Four of last year’s highest-risk districts improved enough to be removed from the current list of highest-risk districts, generally by improving their budgetary reserves or financial position. Like nearly all Arizona districts, these previously highest-risk districts reported using COVID-19 federal relief monies to maintain operations in FYs 2020, 2021, and 2022, contributing to improved budgetary reserves and financial positions in this year’s analysis.

We provide our analysis results and the underlying data for the highest-risk districts and other Arizona school districts in an interactive, user-friendly, web-based format. This format will allow you to easily view detailed information for a single district or more summarized information for all districts State-wide, by county, or by legislative district. The website also explains the measures analyzed and how the analyses can be used to better understand a district’s overall financial risk. Links to the website can be found under “Additional Links” on the right side of this page. Additionally, users can view the December 2022 data file and a financial risk action plan template under “Additional Documents” on the right side of this page.