East Central Reporter

East Central Reporter

Friday, December 6, 2019

North Clay CUSD 25 placed on financial "recognition" list by state board of education

Schools

By East Central Reporter Reports | Oct 13, 2018

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The Illinois State Board of Education (ISBE) has placed North Clay Community Unit School District 25 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 Clay County, 3 of the county's 3 school districts (100 percent) earned the "Financial Recognition" designation.

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

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North Clay Community Unit School District 25

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