Quantcast

North Egypt News

Thursday, November 7, 2024

Mount Vernon SD 80 placed on financial "recognition" list by state board of education

Shutterstock 154077749

The Illinois State Board of Education (ISBE) has placed Mount Vernon School District 80 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 Jefferson County, 13 of the county's 14 school districts (93 percent) earned the "Financial Recognition" designation.

Grand Prairie CCSD 6 was the only district placed under "Financial Review"

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

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS