McHenry Times

McHenry Times

Saturday, March 28, 2020

Nippersink SD 2 placed on financial "recognition" list by state board of education


By Local Labs News Service | Oct 16, 2018


The Illinois State Board of Education (ISBE) has placed Nippersink School District 2 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 McHenry County, 17 of the county's 18 school districts (94 percent) earned the "Financial Recognition" designation.

Johnsburg CUSD 12 was the only district placed under "Early Warning"

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

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