According to the Illinois State Board of Education financial profile report for fiscal year 2020, St Joseph CCSD 169 finds itself in the Early Warning Category.
Of the 851 school districts that reported, 16 were in the second lowest category on the report.
The final 3.0 score that St. Joseph received is a result of low scores in expenditure to revenue ratio, long-term borrowing ability and days of cash on hand.
Several Champaign County schools were placed in the top category, “Recognition”: Champaign CUSD 4, Gifford CCSD 188, Ludlow CCSD 142, Heritage CUSD 8, Prairieview-Ogden CCSD 197, Rantoul Township HSD 193, St Joseph Ogden CHSD 305 and Thomasboro CCSD 130.
Fisher CUSD 1, Mahomet-Seymour CUSD 3, Rantoul City SD 137 and Tolono CUSD 7 were placed in Review. Urbana SD 116 was also in the Early Warning category.
For the last 18 years, ISBE has reviewed each district’s financial profile based on fund balance to revenue ratio, expenditure to revenue ratio, days of cash on hand and percent of short-term and long-term borrowing ability remaining.
The State then gives each district a score and places them in the financial recognition (highest), review, early warning or watch (lowest) category.
