Carbondale Community High School District 165, Giant City Community Consolidated School District 130 and Carbondale Elementary School District 95 received the best financial ratings by the Illinois State Board of Education (ISBE) for their 2018 finances.
ISBE started profiling the financial health of the state's school districts in 2003, using experts to evaluate five areas: fund-balance-to-revenue ratio, expenditure-to-revenue ratio, days cash on hand, percentage of short-term borrowing ability remaining, and percentage of long-term borrowing ability remaining. The results are combined into a score, which corresponds with one of four designations.
Districts that score between 1 and 2.61 are on "financial watch"; between 2.62 and 3.07 - "financial warning"; between 3.08 and 3.53 - "financial review" and between 3.54 and 4.00 - "financial recognition".
Twelve Illinois school districts fell into the lowest financial strength category.
Carbondale school districts financial health
Carbondale Community High School District 165
Giant City Community Consolidated School District 130
Carbondale Elementary School District 95
DeSoto Consolidated School District 86
Trico Community Unit School District 176
Johnston City Community Unit School District 1
Carterville Community Unit School District 5
Murphysboro Community Unit School District 186
Marion Community Unit School District 2
Crab Orchard Community Unit School District 3
Herrin Community Unit School District 4
Elverado Community Unit School District 196
Unity Point School District 140