Ranking school finances: Which districts are the healthiest in Kane County?
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
Organizations in this Story
Batavia School District 101 • Central Community Unit School District 301 • East Aurora School District 131 • Geneva Community Unit School District 304 • Kaneland Community Unit School District 302 • School District U-46 • St. Charles Community Unit School District 303 • West Aurora School District 129