Quantcast

Chambana Sun

Thursday, November 21, 2024

St Joseph Ogden CHSD 305 placed on financial "recognition" list by state board of education

Highschool151

The Illinois State Board of Education (ISBE) has placed St. Joseph - Ogden Chsd 305 on its financial "recognition" list.

ISBE rates school districts on their fund balance and expenditure-to-revenue ratios, days of cash on hand, and percentage of remaining short- and long-term borrowing ability.

Of Illinois' 852 school districts, 640, or 75 percent, earned the state's "Financial Recognition" designation, suggesting they are fiscally sound.

The other 25 percent statewide, or 212 districts, received lower marks from ISBE, suggesting they need work:

147 (17 percent) are under "Financial Review"

43 (5 percent) were given an "Early Warning"

22 (3 percent) are under "Financial Watch"

In Champaign County, 10 of the county's 14 school districts (71 percent) earned the "Financial Recognition" designation.

Mahomet-Seymour CUSD 3 was the only district placed under "Early Warning"

Three districts - Fisher CUSD 1, Heritage CUSD 8 and St Joseph CCSD 169 - were placed under "Financial Review"

ISBE's "School District Financial Profile" was first issued in 2003.

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS