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165.021 ;   (2)  Has a combined balance remaining in teachers' and incidental funds of less than three percent at the end of the most recently completed fiscal year of the amount expended from such funds during the previous fiscal year; or   (3)  Did tax anticipation borrowing during the most recently completed fiscal year for the period February first through June thirtieth to meet expenditures of the district because of insufficient fund balances or reserves.   2.  For the purposes of this section, a school district may be identified as experiencing financial stress if three or more of the following conditions exist:   (1)  For any of the district's funds for the most recently completed fiscal year, expenditures exceeded receipts because of costs to the district that are recurring;   (2)  Has declining fund balances while the district is receiving state aid under the provisions of section