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Thursday, February 20, 2020

Addison SD 4 placed on financial "recognition" list by state board of education


By Local Labs News Service | Oct 3, 2018


The Illinois State Board of Education (ISBE) has placed Addison School District 4 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 DuPage County, 36 of the county's 42 school districts (86 percent) earned the "Financial Recognition" designation.

Six districts - Bensenville SD 2, Cass SD 63, CHSD 99, Hinsdale Twp HSD 86, Indian Prairie CUSD 204 and SD 45 DuPage County - were placed under "Financial Review"

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

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Addison School District 4

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