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Galesburg Reporter

Tuesday, November 5, 2024

Ranking school finances: Which districts are the healthiest in Greater Galesburg?

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West Central Community Unit School District 235, Abingdon Avon Community Unit School District 276 and Monmouth Roseville Community Unit School District 238 received the best financial ratings by the Illinois State Board of Education (ISBE) for their 2017 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."

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.

Greater Galesburg school districts financial health

Rank
District
County
Score
Designation
1
West Central Community Unit School District 235
Henderson
4.0
Recognition
2
Abingdon Avon Community Unit School District 276
Knox
4.0
Recognition
3
United Community Unit School District 304
Warren
3.9
Recognition
4
Monmouth Roseville Community Unit School District 238
Warren
3.9
Recognition
5
Williamsfield Community Unit School District 210
Knox
3.65
Recognition
6
Galesburg Community Unit School District 205
Knox
3.6
Recognition
7
R O West V A Community Unit School District 208
Knox
3.35
Review
8
Knoxville Community Unit School District 202
Knox
3.25
Review

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