School Finance Awards

  • Minnesota Department of Education Finance Awards

    The Minnesota Department of Education (MDE) School Finance Award program highlights the importance of compliance with the law as well as provide a method to motivate school districts and organizations to strive toward greater levels of compliance, sound accounting and training. Staff at the Minnesota Department of Education review local publications, audit reports and thousands of pieces of fiscal data to determine award winners.

    South St. Paul Public Schools is pleased to announce it has received this award 7th continuous year since 2013.

     

    S&P Global Ratings logo Standard and Poors (S&P) Credit Rating

    The district currently has an AA- bond rating from S & P. This rating puts SSPPS in the top third of all Minnesota school districts rated by S & P. 

    The S & P credit analysis report stated that the AA- underlying rating reflects the district’s commitment to sound budgeting practices and stable financial operations. S & P noted that given the affordability and likelihood of the lease payment, as reflected in the appropriation rating and the district's general creditworthiness, the outlook is stable for the district to proceed with the issuing of certificates of purchase as part of its building lease payment plan. Specifically, the credit report said that the lease features and terms were “standard with no unusual risks regarding timely payment of debt” and the outlook was “stable for all ratings.”