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Kankakee Times

Wednesday, February 19, 2020

Ranking school finances: Which districts are the healthiest in Kankakee County?

Schools

By Local Labs News Service | May 6, 2019

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Crescent-Iroquois Community Unit School District 249, Cissna Park Community Unit School District 6 and Iroquois West Community Unit School District 10 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.

Kankakee County school districts financial health

Rank
District
County
Score
Designation
1
Iroquois West Community Unit School District 10
Iroquois
4.0
Recognition
2
Donovan Community Unit School District 3
Iroquois
4.0
Recognition
3
Crescent-Iroquois Community Unit School District 249
Iroquois
4.0
Recognition
4
Cissna Park Community Unit School District 6
Iroquois
4.0
Recognition
5
Herscher Community Unit School District 2
Kankakee
4.0
Recognition
6
Grant Park Community Unit School District 6
Kankakee
4.0
Recognition
7
Bradley Bourbonnais Community High School District 307
Kankakee
4.0
Recognition
8
Central Community Unit School District 4
Iroquois
3.9
Recognition
9
Iroquois County Community Unit School District 9
Iroquois
3.9
Recognition
10
Bradley Elementary School District 61
Kankakee
3.9
Recognition
11
St. George Community Consolidated School District 258
Kankakee
3.9
Recognition
12
St. Anne Community High School District 302
Kankakee
3.9
Recognition
13
Bourbonnais Elementary School District 53
Kankakee
3.8
Recognition
14
Milford Area Public Schools District 124
Iroquois
3.7
Recognition
15
Manteno Community Unit School District 5
Kankakee
3.7
Recognition
16
St. Anne Community Consolidated School District 256
Kankakee
3.55
Recognition
17
Momence Community Unit School District 1
Kankakee
3.25
Review
18
Kankakee School District 111
Kankakee
3.15
Review

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Organizations in this Story

Milford Area Public Schools District 124Momence Community Unit School District 1Bradley Bourbonnais Community High School District 307Cissna Park Community Unit School District 6Iroquois County Community Unit School District 9Donovan Community Unit School District 3St. George Community Consolidated School District 258St. Anne Community Consolidated School District 256St. Anne Community High School District 302Grant Park Community Unit School District 6Bradley Elementary School District 61Bourbonnais Elementary School District 53Manteno Community Unit School District 5Kankakee School District 111Central Community Unit School District 4Herscher Community Unit School District 2Iroquois West Community Unit School District 10Crescent-Iroquois Community Unit School District 249

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