Will County Gazette

Will County Gazette

Sunday, January 26, 2020

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

Schools

By Local Labs News Service | May 6, 2019

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Lockport Township High School District 205, Mokena School District 159 and Reed Custer Community Unit School District 255U 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.

Will County school districts financial health

Rank
District
County
Score
Designation
1
Reed Custer Community Unit School District 255U
Will
4.0
Recognition
2
Homer Community Consolidated School District 33C
Will
4.0
Recognition
3
Will County School District 92
Will
4.0
Recognition
4
Lockport Township High School District 205
Will
4.0
Recognition
5
Mokena School District 159
Will
4.0
Recognition
6
Lockport School District 91
Will
3.9
Recognition
7
Fairmont School District 89
Will
3.9
Recognition
8
Joliet Township High School District 204
Will
3.9
Recognition
9
Beecher Community Unit School District 200U
Will
3.9
Recognition
10
Frankfort Community Consolidated School District 157C
Will
3.9
Recognition
11
Minooka Community High School District 111
Grundy
3.8
Recognition
12
Peotone Community Unit School District 207U
Will
3.8
Recognition
13
Manhattan School District 114
Will
3.8
Recognition
14
Joliet Public Schools District 86
Will
3.8
Recognition
15
Union School District 81
Will
3.8
Recognition
16
Minooka Community Consolidated School District 201
Grundy
3.7
Recognition
17
Wilmington Community Unit School District 209U
Will
3.7
Recognition
18
Summit Hill School District 161
Will
3.7
Recognition
19
Taft School District 90
Will
3.7
Recognition
20
Chaney Monge School District 88
Will
3.7
Recognition
21
Laraway Community Consolidated School District 70C
Will
3.7
Recognition
22
New Lenox School District 122
Will
3.7
Recognition
23
Troy Community Consolidated School District 30C
Will
3.7
Recognition
24
Gardner S Wilmington Township High School District 73
Grundy
3.65
Recognition
25
Elwood Community Consolidated School District 203
Will
3.65
Recognition
26
Channahon School District 17
Will
3.65
Recognition
27
Valley View Community Unit School District 365U
Will
3.6
Recognition
28
Richland Grade School District 88A
Will
3.6
Recognition
29
Braceville School District 75
Grundy
3.45
Review
30
Rockdale School District 84
Will
3.0
Early Warning
31
Lincoln Way Community High School District 210
Will
2.8
Early Warning

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Organizations in this Story

Gardner S Wilmington Township High School District 73Union School District 81Braceville School District 75Valley View Community Unit School District 365UJoliet Public Schools District 86Will County School District 92Homer Community Consolidated School District 33CLockport Township High School District 205Joliet Township High School District 204Mokena School District 159Channahon School District 17Lockport School District 91Lincoln Way Community High School District 210Minooka Community Consolidated School District 201Troy Community Consolidated School District 30CMinooka Community High School District 111New Lenox School District 122Reed Custer Community Unit School District 255UWilmington Community Unit School District 209UPeotone Community Unit School District 207UChaney Monge School District 88Laraway Community Consolidated School District 70CFrankfort Community Consolidated School District 157CManhattan School District 114Summit Hill School District 161Richland Grade School District 88AElwood Community Consolidated School District 203Taft School District 90Fairmont School District 89Rockdale School District 84Beecher Community Unit School District 200U

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