Valley View Stays Steady in ISBE Financial Rankings

Valley View School District received a slightly lower score on this year's Illinois State Board of Education Financial Profile, but avoided dropping down into the "Financial Early Warning" category.

The district is still in the "Financial Review" category, along with 190 other Illinois school districts. The "Review" category denotes districts in ISBE's second-highest financial health category. Those districts receive a limited financial review by ISBE, but are monitored for potential financial downward trends.

Meanwhile, nearby Plainfield School District 202 slipped a notch, falling into the "Financial Early Watch" category, while Troy School District 30-C stayed in the "Financial Recognition" category.

The Financial Profile provides a snapshot that helps the ISBE gauge school districts’ financial condition based on five indicators of financial performance: fund-balance-to-revenue ratio, expenditures-to-revenue ratio, days cash on hand, percent of short-term borrowing available, and percent of long-term debt remaining.

The 2013 Financial Profile is based on districts’ Annual Financial Report from Fiscal Year 2012.

The designation categories in descending order are:

• Financial Recognition
• Financial Review
• Early Warning
• Financial Watch

Sixty-five percent of the school districts were in the "Financial Recognition" category. But the number is down form 670 last year to 562 this year. The state includes 865 districts.

The number of districts listed in "Financial Watch," the lowest designation, increased from 17 last year to 45 this year.

The 2013 Financial Profile for all districts in Illinois can be found at: http://www.isbe.net/sfms/P/profile.htm

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