Ranking school finances: Which districts are the healthiest in Metro Rockford?
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.
Metro Rockford school districts financial health
Organizations in this Story
Belvidere Community Unit School District 100 • Durand Community Unit School District 322 • Harlem Community School District 122 • Hononegah Community High School District 207 • Kinnikinnick Community Consolidated School District 131 • North Boone Community Unit School District 200 • Pecatonica Community Unit School District 321 • Prairie Hill Community Consolidated School District 133 • Rockford School District 205 • Rockton School District 140 • Shirland Community Consolidated School District 134 • South Beloit Community Unified School District 320 • Winnebago Community Unit School District 323