Below are the excerpts from recent school board presentations and other publicly shared resources related to current district finances. This information is updated periodically, generally after board work sessions and meetings. School board meetings and minutes include finance consent items such as any approved lease agreements, staff contract approval, bills and authorization to pay same and wires are included in such agendas. Click here for a quick link to school board agendas and minutes.
For additional information on district finances, including annual budget reports and publications, Comprehensive Financial Advisory Reports and/or the Citizens Advisory Committee, please click here.
If you have questions about any of information, please contact the District Office - Superintendent's Office or the District Director of Finance, Bill Menozzi.
Exploring School Finances Community Forum Presentation
Shakopee Public Schools awarded for outstanding financial reporting - FY2024. Click here to read more.
Issued April 14, 2025
Shakopee Public Schools Receives Credit Rating Upgrade
District Receives Three Upgrades from Moody’s Investor Services Since 2021
Shakopee Public Schools recently received a Moody’s Investor Services (Moody's) upgrade to the district's credit rating from A2 to A1. Due to continued sound financial management by the district, Moody’s has raised Shakopee Public Schools' financial rating three times since 2021.
In the ratings system, securities held by a district or any other entity are assigned a rating from Aaa to C, with Aaa being the highest quality and C the lowest quality. These ratings represent the relative credit risk of financial obligations and directly impact the district’s ability to participate in refinance and tendering opportunities, which provide savings to district taxpayers.
According to the Moody's Investor Services Credit Opinion Report, the district has improved its cash and available fund balance ratios. Environmental risks were reported as low and the social considerations as positive.
Issued January 25, 2024
Shakopee Public Schools Saves Taxpayers Money
Construction Loan Refunding Complete
At the January 24, 2024 Shakopee Public Schools Board Meeting, a resolution for tender refunding was approved, leading to $796,431.32 in savings for taxpayers.
Throughout the course of each school year, the district works with its municipal advisor, PMA Securities, to review interest rates and opportunities to refund or tender bonds, among other items.
Favorable market conditions produced savings higher than the original projections that were shared with the Finance Committee and School Board prior to the resolution.
The refunding does not result in any additional funding for the district as all the savings go directly to taxpayers.
