School district financial risk analysis

Kingman Unified School District—Not among the highest-risk districts

General information
County Mohave County
Operational peer group (FY 2023) 4
Legislative district(s) 6 and 30
School information FY 2022 FY 2023
Students attending 6,626 6,720
Number of schools 11 11

Approaching highest risk

Although the District was not identified among the highest-risk districts, review of the District's data indicates that the District may be moving toward the highest-risk category. We notified the District of this status and will continue to monitor its risks along with all other districts.

Analysis and data

Additional information about each measure, including how each measure was calculated and how districts were identified as high risk for each measure, is available on the Measures page.

Change in weighted
student count

3.5% 4.7%
(1-year change) (4-year change)

Fiscal year Group A WSC
2024 8,160
2023 7,884
2022 7,791
2021 7,261
2020 7,791

This measure shows a district's change in group A weighted student count (WSC) over a 1- and 4-year period. A single-year substantial decrease in WSC, or smaller but repeated decreases over more years, may expose a district to higher financial risk due to the loss of student-count-generated revenue.
Budget limit reserve—
Operating budget

58.4% -27.1%
(1-year change) (4-year change)

Fiscal year Balance
2023 $4,182,614
2022 $2,640,305
2021 $4,212,340
2020 $5,812,449
2019 $5,739,059

This measure shows how a district's Maintenance and Operation (M&O) Fund budget limit reserve has changed over a 1- and 4-year period. Declining, negative, or unfunded M&O Fund budget limit reserves indicate higher financial risk.
High risk
Budget limit reserve—
Capital budget

-2.5% -100.0%
(1-year change) (4-year change)

Fiscal year Balance
2023 ($6,923,499)
2022 ($6,751,364)
2021 $3,550,787
2020 $6,534,321
2019 $6,084,387

This measure shows how a district's Unrestricted Capital Outlay (UCO) Fund budget limit reserve has changed over a 1- and 4-year period. Declining, negative, or unfunded UCO Fund budget limit reserves indicate higher financial risk.
High risk
Financial position—
General Fund operating reserve ratio

-2.0% 13.2%
FY 2023 unaudited FY 2022 audited

Fiscal year Balance Expenditures
2023 unaudited ($991,885) $50,268,591
2022 audited $6,651,763 $50,329,961

This measure shows the percent of General Fund monies held in reserve for future spending (i.e., fund balance), compared to total spending from the prior year. A negative operating reserve ratio indicates a negative fund balance, which means the district must use monies received in the following year to cover prior-year spending.
High risk
Financial position—
General Fund operating margin ratio

-7.6% -5.5%
FY 2023 unaudited FY 2022 audited

Fiscal year Revenue Expenditures
2023 unaudited $46,706,235 $50,268,591
2022 audited $47,718,095 $50,329,961

This measure shows the percent of district General Fund revenues not spent in the year received for each of the most recent 2 years. A district with below-average operating reserves exposes itself to higher financial risk each time its spending exceeds its revenues (i.e., negative operating margin).
High risk
Financial position—
General Fund change in fund balance

-100.0% -25.0%
FY 2022 to 2023 unaudited FY 2021 to 2022 audited

Fiscal year Change amount
2022 to 2023 unaudited ($3,481,076)
2021 to 2022 audited ($2,212,398)

This measure shows the 1-year percentage change in a district's General Fund balance for each of the most recent 2 years. Declining fund balances or a negative fund balance in the most recent year indicate higher financial risk as less resources remain available for current and future needs.
Capital monies
redirected to operations

0.0% 0.0%
(FY 2024) (5-year average)

Fiscal year Capital monies Amount redirected
2024 $3,901,748 $0
2023 $3,651,437 $0
2022 $2,949,093 $0
2021 $2,650,696 $0
2020 $2,134,804 $0

This measure shows the percentage of intended capital funding the district has redirected to operational spending rather than capital spending in the current year and on average over the last 5 years. Districts that direct a substantial portion of their intended capital funding to operational spending may be at higher financial risk.
Small school budget
limit adjustment

N/A - District is too large to be eligible for adjustment.

Fiscal year Adjustment
2024 $0
2023 $0
2022 $0
2021 $0
2020 $0

This measure shows a district's additional budget capacity from a small school adjustment in the current year and each of the prior 4 years. The loss of the ability to include a small school budget limit adjustment or an unfunded small school budget limit adjustment due to a frozen tax rate may indicate higher financial risk.
Frozen
tax rate

District's primary property tax rate is not frozen.

This measure shows whether a district has a frozen primary property tax rate, limiting the District's ability to increase its property tax revenue to fund its allowable budget limits.
Receivership

District is not in receivership.

This measure identifies whether a district is operating under a State Board of Education-appointed receiver due to gross mismanagement or insolvency.