The New York state comptroller has designated the Fredonia Central School District as financially stressed.

Fredonia was one of 22 districts named statewide in Comptroller Thomas DiNapoli’s report, released Friday. It was called “susceptible to financial stress,” the lowest threat level among three designations. The others are “significant financial stress” and “moderate financial stress.”

According to the Comptroller’s Office, “DiNapoli’s Fiscal Stress Monitoring System was designed to identify those school districts, counties, cities, towns and villages that are having difficulties with budgetary solvency, or the ability to generate enough revenue to meet expenses. School districts receive a fiscal stress score that is based on several factors: year-end fund balance, operating deficits and surpluses, cash position, and reliance on short-term debt for cash flow. The higher the score, the more severe the level of stress.”

Friday’s report concerned school districts.

“Pandemic-related federal funding as well as a boost in state aid have helped school districts avoid a fiscal stress designation in recent years,” DiNapoli said. “While the number of districts has increased, it remains lower than before the pandemic. Now that most relief aid has been spent, districts should be especially vigilant that their budgets are structurally balanced to avoid fiscal problems going forward.”

Of the 670 school districts that filed their financial reports in time to be scored for 2024, 3.3% were designated as being in a level of fiscal stress.

DiNapoli’s financial stress report excludes New York City and the next four largest school districts in the state: Buffalo, Rochester, Syracuse, and Yonkers.