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Friday, March 29, 2024

Ranking school finances: Which districts are the healthiest in Northwest Illinois?

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Galena Unit School District 120, Scales Mound Community Unit School District 211 and Warren Community Unit School District 205 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.

Northwest Illinois school districts financial health

Rank
District
County
Score
Designation
1
Galena Unit School District 120
Jo daviess
4.0
Recognition
2
Scales Mound Community Unit School District 211
Jo daviess
4.0
Recognition
3
Warren Community Unit School District 205
Jo daviess
4.0
Recognition
4
East Dubuque Unit School District 119
Jo daviess
4.0
Recognition
5
Amboy Community Unit School District 272
Lee
4.0
Recognition
6
Byron Community Unit School District 226
Ogle
4.0
Recognition
7
Creston Community Consolidated School District 161
Ogle
4.0
Recognition
8
Eswood Community Consolidated School District 269
Ogle
4.0
Recognition
9
Lena Winslow Community Unit School District 202
Stephenson
4.0
Recognition
10
Erie Community Unit School District 1
Whiteside
4.0
Recognition
11
Eastland Community Unit School District 308
Carroll
3.9
Recognition
12
Rochelle Township High School District 212
Ogle
3.9
Recognition
13
Polo Community Unit School District 222
Ogle
3.9
Recognition
14
Kings Consolidated School District 144
Ogle
3.9
Recognition
15
Forrestville Valley Community Unit School District 221
Ogle
3.9
Recognition
16
Prophetstown-Lyndon-Tampico Community Unit School District 3
Whiteside
3.9
Recognition
17
Montmorency Community Consolidated School District 145
Whiteside
3.9
Recognition
18
River Bend Community Unit School District 2
Whiteside
3.9
Recognition
19
Ashton Franklin Center Community Unit School District 275
Lee
3.8
Recognition
20
Rochelle Community Consolidated School District 231
Ogle
3.8
Recognition
21
Meridian Community Unit School District 223
Ogle
3.8
Recognition
22
Rock Falls Township High School District 301
Whiteside
3.8
Recognition
23
West Carroll Community Unit School District 314
Carroll
3.7
Recognition
24
Paw Paw Community Unit School District 271
Lee
3.7
Recognition
25
Freeport School District 145
Stephenson
3.7
Recognition
26
Dakota Community Unit School District 201
Stephenson
3.7
Recognition
27
Sterling Community Unit School District 5
Whiteside
3.7
Recognition
28
Rock Falls Elementary School District 13
Whiteside
3.7
Recognition
29
Chadwick-Milledgeville Community Unit School District 399
Carroll
3.65
Recognition
30
Stockton Community Unit School District 206
Jo daviess
3.65
Recognition
31
East Coloma Nelson Consolidated Elementary School District 20
Whiteside
3.65
Recognition
32
Steward Elementary School District 220
Lee
3.55
Recognition
33
Oregon Community Unit School District 220
Ogle
3.55
Recognition
34
Morrison Community Unit School District 6
Whiteside
3.45
Review
35
Orangeville Community Unit School District 203
Stephenson
3.1
Review
36
Pearl City Community Unit School District 200
Stephenson
3.1
Review
37
Dixon Unit School District 170
Lee
2.9
Early Warning

ORGANIZATIONS IN THIS STORY

East Coloma-Nelson Consolidated Elementary School District 20Orangeville Community Unit School District 203Polo Community Unit School District 222Rock Falls Township High School District 301Dixon Unit School District 170Freeport School District 145 BoardPaw Paw Community Unit School District 271Amboy Community Unit School District 272Warren Community Unit School District 205Chadwick-Milledgeville Community Unit School District 399Prophetstown-Lyndon-Tampico Community Unit School District 3Pearl City Community Unit School District 200Dakota Community Unit School District 201Erie Community Unit School District 1Rock Falls Elementary School District 13 BoardRochelle Community Consolidated District 231 BoardMorrison Community Unit School District 6Oregon Community Unit School District 220Kings Consolidated School District 144West Carroll Community Unit School District 314 BoardByron Community Unit School District 226River Bend Community Unit District 2Stockton Community Unit School District 206 BoardMontmorency Community Consolidated School District 145Creston Community Consolidated School District 161Forrestville Valley Community Unit School District 221Lena Winslow Community Unit School District 202East Dubuque Community Unit School District 119Steward Elementary School District 220Rochelle Township High School District 212Meridian Community Unit School District 223Ashton Community Unit School District 275 BoardEswood Community Consolidated District 269 BoardEastland Community Unit School District 308Galena Unit School District 120Sterling Community Unit District 5 BoardScales Mound Community Unit School District 211

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