Commentary Of the 27 school districts in Orange County, just one has restricted net assets. The remaining districts have unrestricted net assets, meaning their liabilities exceed their assets. To help understand the solvency of school districts, I provided a chart. It provides the unrestricted net position from the June 30, 2019 audited financial statements from…
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Most of Orange County’s School Districts Are in Debt
Commentary Of the 27 school districts in Orange County, just one has restricted net assets. The remaining districts have unrestricted net assets, meaning their liabilities exceed their assets. To help understand the solvency of school districts, I provided a chart. It provides the unrestricted net position from the June 30, 2019 audited financial statements from…