Of the 851 school districts that reported, 706 were in the 2020 “recognition” category, the highest number in the history of the report.

The 212-page report cites an increase of state funding from the Evidence-based Funding model, increased EAVs, and lesser reliance on debt.

The final 3.55 score that Heritage received was unique in Champaign County as many districts were affected by late Early Property Tax Revenue.

For the last 17 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.

Highlights of Heritage’s profile included 252 days of cash on hand, whereas ISBE recommends 180 days, 100-percent of short-term borrowing remaining and a fund balance to revenue ratio of $3,066,919 to $3,430,024.

Heritage also scored high with 62.59 percent of their long-term debt margin remaining. 

The lowest score Heritage received was in the expenditure to revenue ratio where the total expenditures totaled $4,394,117 to $3,430,024.

Locally, Heritage CUSD (Community Unit School District) #8 was joined by Ludlow, Gifford, Champaign CUSD #4, Prairieview CCSD #197, Rantoul Township #193, St. Joseph CHSD (Consolidated High School District) #305, Thomasboro CCSD #130 in the “recognition” category.

The 2020 report showed that Rantoul City Schools #137, Fisher, Tolono CUSD #7 were placed in the “review” category while St. Joseph CCSD #169 and Urbana are in the “early warning” category.

Mahomet-Seymour joined eight other schools in the lowest “watch” category.

[pdf-embedder url=”https://sjodaily.com/wp-content/uploads/2020/04/Heritage-2020-ISBE-rating.pdf” title=”Heritage 2020 ISBE rating”]

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Prairieview-Ogden once again received “recognition” status in FY 2019. Of the 851 school districts that reported, 706 were in the 2020 “recognition” category, the highest number in the history of the report.

The 212-page report cites an increase of state funding from the Evidence-based Funding model, increased EAVs, and lesser reliance on debt.

Like other school districts in Champaign County, Prairieview-Ogden dropped in their financial rating because Early Property Tax Revenue was not received from the County Treasurers‘ Office before June 30, 2019.

For the last 17 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.

Highlights of Prairieview-Ogden’s profile included 435 days of cash on hand, whereas ISBE recommends 180 days, 100-percent of short-term borrowing remaining and 81.37 percent of long-term debt margin remaining.

According to Prairiview-Ogden’s report, their total revenue for FY 2019 was $1,920,260 and their total fund balance was $3,236,109.

The lowest score Prairieview-Ogden received was a “1” in expenditure to revenue ratio whereas total revenues were $1,920,260 and total expenditures were $2,679,596.

Locally, Heritage CUSD (Community Unit School District) #8 remained “recognition” category, as did Ludlow, Gifford, Champaign CUSD #4, Prairieview CCSD #197, Rantoul Township #193, St. Joseph CHSD (Consolidated High School District) #305, Thomasboro CCSD #130.

The 2020 report showed that Rantoul City Schools #137, Fisher, Tolono CUSD #7 were placed in the “review” category while St. Joseph CCSD #169 and Urbana are in the “early warning” category.

Mahomet-Seymour joined eight other schools in the lowest “watch” category.

[pdf-embedder url=”https://sjodaily.com/wp-content/uploads/2020/04/Prairieview-Ogden-ISBE-financial-profile.pdf” title=”Prairieview Ogden ISBE financial profile”]

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St. Joseph is joined by 24 other school districts in the state at “early warning.” 

For the last 17 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.

St. Joseph received perfect scores in fund balance to revenue ratio: the total revenue was $5,507,505 in FY 2019 and the total fund balance was $2,741,848.  The district also has 100-percent of short-term borrowing remaining. 

The district’s days of cash on hand fell slightly below ISBE’s recommended 180 days at 149 days. St. Joseph also has 32.64-percent of long-term debt margin remaining. 

The lowest score St. Joseph received was a “1” in expenditure to revenue ratio whereas total revenue was $5,507,505 and total expenditures were $6,622,511.

School districts throughout Champaign County felt the squeeze throughout 2019 as Early Property Tax Revenue was not received from the County Treasurers‘ Office before June 30, 2019.

Of the 851 school districts that reported, 706 were in the 2020 “recognition” category, the highest number in the history of the report. 

The 212-page report cites an increase of state funding from the Evidence-based Funding model, increased EAVs, and lesser reliance on debt. 

Locally, Heritage CUSD (Community Unit School District) #8 remained “recognition” category, as did Ludlow, Gifford, Champaign CUSD #4, Prairieview CCSD #197, Rantoul Township #193, St. Joseph CHSD (Consolidated High School District) #305, Thomasboro CCSD #130.

The 2020 report showed that Rantoul City Schools #137, Fisher, Tolono CUSD #7 were placed in the “review” category while St. Joseph CCSD #169 and Urbana are in the “early warning” category.

Mahomet-Seymour joined eight other schools in the lowest “watch” category.

Districts in the early warning and watch category are monitored to see if they need assistance from ISBE.

[pdf-embedder url=”https://sjodaily.com/wp-content/uploads/2020/04/St-Joseph-Elementary-2020-ISBE-financial-profile.pdf” title=”St Joseph Elementary 2020 ISBE financial profile”]

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St. Joseph-Ogden once again received “recognition” status in FY 2019. Of the 851 school districts that reported, 706 were in the 2020 “recognition” category, the highest number in the history of the report. 

The 212-page report cites an increase of state funding from the Evidence-based Funding model, increased EAVs, and lesser reliance on debt. 

Like other school districts in Champaign County, St. Joseph-Ogden dropped slightly in their financial rating because Early Property Tax Revenue was not received from the County Treasurers‘ Office before June 30, 2019.

For the last 17 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.

Highlights of St. Joseph-Ogden profile included 399 days of cash on hand, whereas ISBE recommends 180 days, 100-percent of short-term borrowing remaining and a fund balance to revenue ratio of $4,567,332 to $3,475,517.

St. Joseph Ogden also has 63.33-percent of long-term debt margin remaining. 

According to St. Joseph-Ogden’s report, their total revenue for FY 2019 was $3,475,517 and their total expenditures were $4,120,879, resulting in a “2” score.

Locally, Heritage CUSD (Community Unit School District) #8 remained “recognition” category, as did Ludlow, Gifford, Champaign CUSD #4, Prairieview CCSD #197, Rantoul Township #193, St. Joseph CHSD (Consolidated High School District) #305, Thomasboro CCSD #130.

The 2020 report showed that Rantoul City Schools #137, Fisher, Tolono CUSD #7 were placed in the “review” category while St. Joseph CCSD #169 and Urbana are in the “early warning” category.

Mahomet-Seymour joined eight other schools in the lowest “watch” category.

Districts in the early warning and watch category are monitored to see if they need assistance from ISBE.

[pdf-embedder url=”https://sjodaily.com/wp-content/uploads/2020/04/St.-Joseph-Ogden-2020-ISBE-Financial-Profile.pdf” title=”St. Joseph-Ogden 2020 ISBE Financial Profile”]

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In 2015, the district was placed in the lowest “watch” category, then over the next two years, they continued to be monitored closely by ISBE in the “early warning” category. 

For 17 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.

The 2020 Financial Profile report also realized the largest number of districts in the highest “Financial Recognition” category with 706 of the 851 districts that reported.

The 212 page report cites an increase of state funding from the Evidence-based Funding model, increased EAVs, and lesser reliance on debt. 

Oakwood’s efforts to improve their financial health were realized with 100-percent of their short-term borrowing ability remaining and an expenditure to revenue ratio of $8,276,841 to $8,637,893. 

The district also scored well on fund balance to revenue ratio at $1,997,282 to $8,637,893.

ISBE recommends districts have 180 days of cash on hand, but Oakwood has 87. They also have 43.12-percent of their large debt margin remaining. 

[pdf-embedder url=”https://sjodaily.com/wp-content/uploads/2020/04/Oakwood-2020-ISBE-Financial-Rating.pdf” title=”Oakwood 2020 ISBE Financial Rating”]

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