Kane County Reporter

Kane County Reporter

Saturday, January 18, 2020

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

Schools

By Local Labs News Service | May 6, 2019

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St. Charles Community Unit School District 303, School District U-46 and Geneva Community Unit School District 304 received the best financial ratings by the Illinois State Board of Education (ISBE) for their 2018 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".

Twelve Illinois school districts fell into the lowest financial strength category.

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
Geneva Community Unit School District 304
Kane
3.8
Recognition
4
Central Community Unit School District 301
Kane
3.8
Recognition
5
Batavia School District 101
Kane
3.8
Recognition
6
East Aurora School District 131
Kane
3.6
Recognition
7
Kaneland Community Unit School District 302
Kane
3.35
Review
8
West Aurora School District 129
Kane
3.35
Review

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Organizations in this Story

East Aurora School District 131West Aurora School District 129St. Charles Community Unit School District 303Central Community Unit School District 301Kaneland Community Unit School District 302Batavia School District 101Geneva Community Unit School District 304School District U-46

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