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 Grundy County, 6 of the county's 12 school districts (50 percent) earned the "Financial Recognition" designation.
Two districts - Braceville SD 75 and Morris CHSD 101 - were placed under "Early Warning"
Three districts - Minooka CCSD 201, Minooka CHSD 111 and South Wilmington CCSD 74 - were placed under "Financial Review"
Morris SD 54 was the only district placed under "Financial Watch"
ISBE's "School District Financial Profile" was first issued in 2003.
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