There's a Seattle area school district in a deep financial hole, as per the state auditor and their own management team.
I don't know the whole story but often well meaning people like the mission and don't understand the workings. Large business, small business, school district, or non-profit, you can't spend more than you take in (for very long).
In this episode I talk about debt issues, understaning financial statements, and how they're tied together.
John Martinka
Jessica Martinka
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Martinka Consulting's Getting the Deal Done Podcast