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.
Lake County school districts financial health
Rank
District
County
Score
Designation
1
Lincolnshire Prairie View School District 103
Lake
4.0
Recognition
2
Vernon Hills Community High School District 128
Lake
4.0
Recognition
3
Kildeer Countryside Community Consolidated School District 96
Lake
4.0
Recognition
4
Adlai E. Stevenson High School District 125
Lake
4.0
Recognition
5
North Shore School District 112
Lake
4.0
Recognition
6
Mundelein Consolidated High School District 120
Lake
4.0
Recognition
7
Libertyville School District 70
Lake
4.0
Recognition
8
Community High School District 117
Lake
4.0
Recognition
9
Zion-Benton Township High School District 126
Lake
4.0
Recognition
10
Deerfield School District 109
Lake
4.0
Recognition
11
Rondout School District 72
Lake
4.0
Recognition
12
Lake Villa Community Consolidated School District 41
Lake
4.0
Recognition
13
Bannockburn School District 106
Lake
4.0
Recognition
14
Hawthorn Community Consolidated School District 73
Lake
3.9
Recognition
15
Township High School District 113
Lake
3.9
Recognition
16
Beach Park Community Consolidated School District 3
Lake
3.9
Recognition
17
Fremont School District 79
Lake
3.9
Recognition
18
Aptakisic-Tripp Community Consolidated School District 102
Lake
3.9
Recognition
19
Lake Bluff Elementary School District 65
Lake
3.9
Recognition
20
Antioch Community Consolidated School District 34
Lake
3.9
Recognition
21
Mundelein Elementary School District 75
Lake
3.8
Recognition
22
Woodland Community Consolidated School District 50
Lake
3.8
Recognition
23
Warren Township High School District 121
Lake
3.8
Recognition
24
Winthrop Harbor School District 1
Lake
3.8
Recognition
25
Diamond Lake School District 76
Lake
3.8
Recognition
26
Waukegan Community Unit School District 60
Lake
3.8
Recognition
27
Grayslake Community High School District 127
Lake
3.8
Recognition
28
Wauconda Community Unit School District 118
Lake
3.8
Recognition
29
Big Hollow School District 38
Lake
3.7
Recognition
30
Gurnee School District 56
Lake
3.7
Recognition
31
Emmons School District 33
Lake
3.7
Recognition
32
Lake Forest School District 67
Lake
3.65
Recognition
33
Grass Lake School District 36
Lake
3.65
Recognition
34
Lake Forest Community High School District 115
Lake
3.65
Recognition
35
Lake Zurich Community Unit School District 95
Lake
3.65
Recognition
36
Grant Community High School District 124
Lake
3.65
Recognition
37
Grayslake Community Consolidated School District 46
Lake
3.6
Recognition
38
Round Lake Community Unit School District 116
Lake
3.6
Recognition
39
North Chicago Community Unit School District 187
Lake
3.6
Recognition
40
Gavin School District 37
Lake
3.45
Review
41
Oak Grove School District 68
Lake
3.3
Review
42
Millburn Community Consolidated School District 24
Lake
3.0
Early Warning
43
Zion Elementary School District 6
Lake
2.9
Early Warning
44
Barrington Community Unit School District 220
Lake
2.85
Early Warning
45
Fox Lake Grade School District 114
Lake
2.65
Early Warning
ORGANIZATIONS IN THIS STORY
Winthrop Harbor School District 1 Board• Lake Villa Community Consolidated School District 41• Antioch Community Consolidated School District 34 Board• Fremont School District 79• Diamond Lake School District 76 Board• Mundelein Elementary School District 75• Gurnee School District 56• Grayslake Community High School District 127• Hawthorn Community Consolidated School District 73 Board• Bannockburn School District 106• Round Lake Community Unit School District 116 Board• Lake Forest Community High School District 115• Grayslake Consolidated Community School District 46 Board• Lake Zurich Community Unit School District 95 Board• Lake Forest School District 67• Zion Elementary School District 6 Board• Libertyville School District 70 Board• Woodland Community Consolidated School District 50• Warren Township High School District 121• Community High School District 117• Township High School District 113 Board• Barrington Community Unit School District 220• Deerfield School District 109• Beach Park Community Consolidated School District 3 Board• North Chicago School District 187• Grant Community High School District 124• Zion-Benton Township High School District 126 Board• Waukegan Community Unit School District 60• Kildeer Countryside Community Consolidated School District 96 Board• Big Hollow School District 38 Board• Vernon Hills Community High School District 128• Lincolnshire Prairie View School District 103• Adlai E. Stevenson High School District 125• Grass Lake School District 36 Board• Gavin School District 37 Board• Emmons School District 33• Fox Lake Grade School District 114• Rondout School District 72• Aptakisic-Tripp Community Consolidated School District Board• North Shore School District 112• Lake Bluff Elementary School District 65• Millburn Community Consolidated School District 24• Mundelein Consolidated High School District 120• Oak Grove School District 68
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