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West Central Reporter

Saturday, April 20, 2024

Greenfield CUSD 10 placed on financial "recognition" list by state board of education

Highschool07

The Illinois State Board of Education (ISBE) has placed Greenfield Community Unit School District 10 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 Greene County, 2 of the county's 3 school districts (67 percent) earned the "Financial Recognition" designation.

North Greene CUSD 3 was the only district placed under "Financial Review"

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

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