Fiscal Stress Monitoring

January 23, 2021

Dear Mattituck-Cutchogue School Community,

At the January 22, 2021 Board of Education meeting, it was announced that the State Comptroller’s Office implemented its annual statewide fiscal stress monitoring system. Based on the formula utilized to calculate a district’s level of stress score, the Mattituck-Cutchogue Union Free School District has been listed as a school district experiencing “susceptible fiscal stress.” This is a result of two indicators in the recording of the score which were noted as a change from prior years.

Indicator One is a direct result of a prior period adjustment for property taxes not collected within a 60–day period after the fiscal year-end, June 30, 2020. This was reported in our financial audit report which was shared publicly at the October 13, 2020, Board of Education meeting. Fortunately, the anticipated taxes have since been received and recorded. The second, Indicator Six, was a result of an increase in our Tax Anticipation Note borrowing which is an annual practice. In the 2019-2020 school year, additional funds were borrowed as a result of careful analysis of the district’s cash flow position. This again was a temporary concern to ensure all necessary payments and payroll could be made in a timely manner.

The Mattituck-Cutchogue Union Free School District consistently focuses on the fiscal constraints of several areas including the property tax cap, State and Federal funding, the need to maintain our facilities and infrastructure as well as the unanticipated expenses related to this pandemic. We continue to be mindful of these moving targets while continuing to make improvements and provide an exceptional well-rounded education for our students.

Our Board of Education and administration will continue to monitor the fiscal health of the district and will make ourselves available to respond to any questions.

Respectfully,

Jill M. Gierasch
Superintendent of Schools