Standard&Poor's Ratings Services assigned its 'A-' rating to Siskiyou Joint Community College District, Calif.'s series 2006A GO bonds, reflecting the district's: Local economy that is slowly transitioning from a natural resource focus to service industries, and has a geographically expansive tax base that has grown by a good 9.4% average annual rate for the past six years; Good financial position, with a general fund balance representing 8.4% of expenditures at the end of fiscal 2005; and Low overall net debt burden at $382 per capita. Concerns regarding some recent fluctuations in full-time equivalent student (FTE) enrollment, which equaled 2,426 in fiscal 2005, are offset by operational flexibility, provided by the ability to reduce class sections and curriculum if
