Batavia (Ill.)School District Drops a Notch in ISBE Financial Profile

Thursday, March 28, 2013

It's not a precipitous drop, but Batavia School District 101 fell a notch on the Illinois State Board of Education’s annual Financial Profile this year.

Batavia dropped from the "Financial Recognition" category—which is earned by 65 percent of the school districts in Illinois in the recent announcement—to the the "Financial Review" category, according to the ISBE document.

St. Charles School District 303 also dropped from "Financial Recognition" to the "Financial Review" designation. Geneva School District 304 kept its "Financial Recognition" spot for the second-straight year.

The Financial Profile provides a snapshot that helps the ISBE gauge school districts’ financial condition based on five indicators of financial performance: fund-balance-to-revenue ratio, expenditures-to-revenue ratio, days cash on hand, percent of short-term borrowing available, and percent of long-term debt remaining.

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