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Kane County Reporter

Saturday, August 2, 2025

Ranking school finances: Which districts are the healthiest in Kane County?

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St. Charles Community Unit School District 303, School District U-46 and Geneva Cusd 304 received the best financial ratings by the Illinois State Board of Education (ISBE) for their 2017 finances.

ISBE started profiling the financial health of the state's school districts in 2003, using experts to evaluate five areas: fund balance to revenue ratio, expenditure to revenue ratio, days cash on hand, percentage of short-term borrowing ability remaining, and percentage of long-term borrowing ability remaining. The results are combined into a score, which corresponds with one of four designations.

Districts that score between 1 and 2.61 are on "financial watch;" between 2.62 and 3.07 "financial warning;" between 3.08 and 3.53 "financial review;" and between 3.54 and 4.00 "financial recognition."

In all, 640 Illinois school districts achieved "financial recognition." Another 147 were under "financial review," 43 were designated "early warning," and 22 were on the "financial watch" list.

Kane County school districts financial health

Rank
District
County
Score
Designation
1
St. Charles Community Unit School District 303
Kane
4.0
Recognition
2
School District U-46
Kane
3.9
Recognition
3
Central Cusd 301
Kane
3.8
Recognition
4
Batavia Public School District 101
Kane
3.8
Recognition
5
Geneva Cusd 304
Kane
3.8
Recognition
6
Aurora East Unit School District 131
Kane
3.7
Recognition
7
Algonquin Community Unit School District 300
Kane
3.7
Recognition
8
Kaneland Cusd 302
Kane
3.0
Early
9
Aurora West Unit School District 129
Kane
2.9
Early

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