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Webster Groves School District Proudly Retains AA+ Bond Rating from S&P Global Rating Services

April 11, 2024 - Webster Groves School District continues to uphold its esteemed "AA+" long-term rating from S&P Global Rating Services, reaffirming its stature as one of Missouri's premier school districts renowned for its financial stability and management excellence.

The rating is based on the district's track record of robust financial performance and strong management practices. 

Highlighted in the report are the district's commendable financial management policies and practices. These include the implementation of multiple enrollment scenarios in financial projections, reliance on external sources for enrollment assumptions, regular presentation of monthly budget-to-actual reports to the board, and adherence to conservative budget practices.

S&P Global Rating Services' latest assessment underscores several key factors that contribute to Webster Groves School District's enduring financial strength:

  • Financials reported on a cash-basis accounting method demonstrate transparency and accountability in fiscal reporting, coupled with the maintenance of strong cash reserves.

  • The district's conservative assumptions regarding enrollment decline and fluctuations in Average Daily Attendance help mitigate potential revenue uncertainties, despite state aid constituting a minor revenue stream.

  • Webster Groves enjoys a very diverse and expanding tax base, characterized by high income levels exceeding the national average, and benefits from its proximity to the St. Louis metropolitan statistical area.