Ranking school finances: Which districts are the healthiest in Greater Galesburg?
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.
Greater Galesburg school districts financial health
Organizations in this Story
Abingdon-Avon Community Unified School District 276 • Galesburg Community Unit School District 205 • Knoxville Community Unit School District 202 • Monmouth Roseville Community Unit School District 238 • Rowva School District 208 • United Community Unit School District 304 • West Central Community Unit School District 235 • Williamsfield Community Unit School District 210