Elmhurst School District 205 received a stellar report card from the Illinois State Board of Education.

Each year, the ISBE rates school districts in terms of their fiscal health. District 205 was put on the “Financial Recognition” list, the report’s highest rating. Subsequent ratings include “Review,” “Early Warning,” and “Watch”

The list takes into account fund balance and expenditure-to-revenue ratio, the days of cash on hand, and the percentage of remaining short- and long-term borrowing ability.

DuPage County has 42 school districts, and of those, 38 were given “Financial Recognition” designation. Bensenville SD2, Cass SD 63, and Hinsdale Township SD86 were given “Review” status while CHSD 99 was placed under “Early Warning.”

Illinois has 857 school districts, and 568 (66%) received the “Financial Recognition” designation, marking them as fiscally sound. Only 32 (4%) were put under “Financial Watch.”

The report noted that many schools are continuing to break even or are spending more than they are realizing in revenue. Many districts are increasingly borrowing and accruing long-term debt in order to sustain daily operations.

Illinois public school districts issued $307.2 million in long-term debt in fiscal year 2015 versus $356.5 million in fiscal year 2014. In 2015, 499 (58%) spent more money than they took in, borrowing or using taxpayer-provided reserves to cover the deficit.

To view the report, visit http://www.isbe.net/sfms/p/profile.htm. District 205 has also posted the State Report Card for the district, including information on each school, at http://www.elmhurst205.org/State_RCards.

To learn more about Elmhurst’s schools and what makes Elmhurst such a strong community, give us a call at (630) 441-5570 or contact us through our website, www.gmregroup.com.