FCMAT rates the district's insolvency risk high

What happened

FCMAT rated Pleasanton's fiscal-solvency risk high and said full implementation of the $11.2 million reduction plan was essential to recovery.

Why it matters to families

The independent assessment found material weaknesses in reserves, leadership stability, and position control and warned that failing to implement the reductions would put the district on a path toward insolvency.

The evidence

The March 17 analysis gives a High risk level and identifies fund balance and reserves, leadership and stability, and position control as the areas of highest risk.

The source