March 15, 2023
Dear Mattituck-Cutchogue School Community,
Mattituck-Cutchogue Union Free School District passes New York State’s Fiscal Stress Test with Top Designation.
Each year, the Office of the NY State Comptroller uses a Fiscal Stress Monitoring System to answer the following question for school districts across the state: Does a school district generate enough revenues to meet expenditures?
The Fiscal Stress Monitoring System analyzes a range of financial information provided by school districts, such as year-end fund balance, cash position, short-term borrowing and patterns of operating deficits. The analysis serves as an objective assessment of fiscal challenges facing districts and identifies situations where corrective action may be needed.
The Comptroller’s office recently released its results for 2022, and the Mattituck-Cutchogue Union Free School District did extremely well. The district received the Fiscal stress score of No Designation, which is the lowest classification.
Sincerely,
Shawn C. Petretti
Superintendent of Schools