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.
Will County school districts financial health
Rank
District
County
Score
Designation
1
Will County School District 92
Will
4.0
Recognition
2
Channahon School District 17
Will
4.0
Recognition
3
Lockport Township High School District 205
Will
4.0
Recognition
4
Reed Custer Community Unit School District 255U
Will
4.0
Recognition
5
Mokena School District 159
Will
4.0
Recognition
6
Lockport School District 91
Will
3.9
Recognition
7
Homer Community Consolidated School District 33C
Will
3.9
Recognition
8
Fairmont School District 89
Will
3.9
Recognition
9
Frankfort Community Consolidated School District 157C
Will
3.9
Recognition
10
Rockdale School District 84
Will
3.8
Recognition
11
Joliet Township High School District 204
Will
3.8
Recognition
12
Beecher Community Unit School District 200U
Will
3.8
Recognition
13
Chaney Monge School District 88
Will
3.8
Recognition
14
Manhattan School District 114
Will
3.8
Recognition
15
New Lenox School District 122
Will
3.7
Recognition
16
Plainfield School District 202
Will
3.7
Recognition
17
Joliet Public Schools District 86
Will
3.7
Recognition
18
Summit Hill School District 161
Will
3.7
Recognition
19
Laraway Community Consolidated School District 70C
Will
3.7
Recognition
20
Union School District 81
Will
3.7
Recognition
21
Gardner S Wilmington Township Hsd 73
Grundy
3.65
Recognition
22
Elwood Community Consolidated School District 203
Will
3.65
Recognition
23
Steger School District 194
Cook
3.6
Recognition
24
Taft School District 90
Will
3.6
Recognition
25
Valley View Community Unit School District 365U
Will
3.6
Recognition
26
Peotone Community Unit School District 207U
Will
3.55
Recognition
27
Minooka Chsd 111
Grundy
3.45
Review
28
Minooka Ccsd 201
Grundy
3.35
Review
29
Wilmington Community Unit School District 209U
Will
3.35
Review
30
Troy Community Consolidated School District 30C
Will
3.35
Review
31
Richland School District 88A
Will
3.25
Review
32
Braceville School District 75
Grundy
3.0
Early
33
Lincoln Way Community High School District 210
Will
2.35
Watch
34
Crete Monee Community Unit School District 201U
Will
0.0
Watch
ORGANIZATIONS IN THIS STORY
Minooka Community High School District 111 Board• Lockport School District 91• Homer Community Consolidated School District 33c Board• Summit Hill School District 161• Will County School District 92• Lockport Township High School District 205• Peotone Community Unit School District 207u• Laraway Community Consolidated School District 70c Board• Braceville School District 75 Board• Fairmont School District 89 Board• Minooka Community Consolidated School District 201• Troy Community Consolidated School District 30c Board• Joliet Public School District 86• Frankfort Community Consolidated School District 157c Board• Rockdale School District 84 Board• Union School District 81 Board• Steger School District 194 Board• Channahon School District 17• Mokena School District 159 Board• Joliet Township High School District 204• Manhattan School District 114• Plainfield School District 202 Board• New Lenox School District 122 Board• Richland School District 88a• Elwood Community Consolidated School District 203• Valley View Community Unit School District 365u• Wilmington Community Unit School District 209u• Lincoln Way Community High School District 210• Reed Custer Community Unit School District 255u• Taft School District 90• Beecher Community Unit School District 200u• Chaney Monge School District 88
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