Financial Transparency

Financial Recognition

Lincoln-Way Community High School District 210 is proud to announce that it expects to receive a "Financial Recognition" designation from the Illinois State Board of Education for the Fiscal Year ended June 30, 2021.

ISBE Financial Profile

The Illinois State Board of Education (ISBE) evaluates school districts to assess the financial health of all school districts. The goal is to help the public gain a better understanding of where their district ranks in comparison to others. All of the amounts that comprise the calculation formula are derived from the ISBE Annual Financial Report, which is audited by the District's external auditors.

The ISBE Financial Profile is a tool used to analyze a school district’s financial health at one point in time as assessed by the following indicators:  

  1. Fund balance to revenue ratio 

  1. Expenditure to revenue ratio 

  1. Days cash on hand 

  1. Percent of short-term borrowing ability remaining  

  1. Percent of long-term debt margin remaining 

ISBE Financial Profile Designations

  • Financial Recognition –– highest category of financial strength, requiring little or no review by ISBE. Score 3.54 – 4.00.

  • Financial Review –– ISBE will monitor for potential downward trends. Score 3.08 – 3.53.

  • Financial Early Warning –– ISBE will monitor closely and offer proactive technical assistance. Score 2.62 – 3.07.

  • Financial Watch –– greatest risk – district will be closely monitored by ISBE with the offer of technical assistance including, but not limited to, financial projections, cash flow analysis, budgeting, personnel inventories, and enrollment projections. Score 1.00 – 2.61.

For more information about the ISBE Financial Profile, click here. 

LW210's Financial Profile Over Time

Fiscal year

Designation

Total Score

2010

Review

3.25

2011

Review

3.35

2012

Early Warning

2.80

2013

Early Warning

2.80

2014

Early Warning

2.80

2015

Watch

2.35

Fiscal year

Designation

Total Score

2016

Watch

2.00

2017

Watch

2.35

2018

Early Warning

2.80

2019

Review

3.15

2020

Review

3.15

2021

Recognition

3.70