The Orchard Park Central School District was recently recognized for its financial management practices by Moody’s Investors Service with a rating of “Aa2.”
Orchard Park is one of five school districts in Western New York with an “Aa2” rating, which is two notches below the highest Moody’s rating of triple-A.
According to a Moody’s analyst, the district has developed a pattern of solid financial practices including conservative budgeting and sufficient reserves, and Moody’s expects that the district will continue to move forward with these continued practices in place.
The rating will help the district in securing a lower borrowing cost when it goes to the bond market to permanently finance bond anticipation notes approved by the voters in 2011, district officials said.
Another organization in town, the Orchard Park Chamber of Commerce, also is fiscally strong, its membership continues to grow and events are successful, according to president Anthony Amigone, Jr.
“The Chamber is healthy in every way,” he said during the chamber’s recent annual fall dinner. The chamber board of directors has started a strategic visioning process to enhance, expand and create more value for Chamber members, he said.
Chamber Executive Director Nancy Conley also was honored with a plaque and gift in recognition of her 25 years of service. New officers also were installed, including, president-elect, Daniel Bray; vice president, Dennis Salerno, and Treasurer, John McCarthy.
Also this week:
• The Village Board will meet at 7 p.m. Monday in the municipal center, 4295 S. Buffalo St.