Each year, the Illinois State Board of Education rates the financial condition of all public school districts in Illinois using audited financial statements and the School District Financial Profile tool. The purpose of the financial profile is to objectively assess the financial health of each school district to provide the public a better understanding of the financial position of their district.  Ratings are based on five key financial indicators including: fund balance to revenue ratio; expenditure to revenue ratio; days cash on hand; percentage of short-term borrowing maximum percentage available; and percentage of long-term debt margin remaining.  Each of these indicators is converted to a scale score between 1.00 and 4.00, with 4.00 being the highest rating. 

 The rating categories are as follows:

            Financial Recognition      3.54 – 4.00
            Financial Review             3.08 – 3.53
            Financial Warning           2.62 – 3.07
            Financial Watch              1.00 – 2.61

 For the most recent profile, we are pleased to share that District 92 was placed in the Financial Recognition category with a perfect score of 4.00.  These findings continue a long-time trend within the district.  District 92 has received the Financial Recognition rating for the past fourteen years, and a perfect 4.00 score in each of the most recent ten years.  This recognition comes as the district concludes a four-year project to renovate Walsh, Ludwig and Reed Schools while other improvements to facilities across D92 continue.
 
Additional information on the School District Financial Profile can be found on the web site of the Illinois State Board of Education at: https://www.isbe.net/Pages/School-District-Financial-Profile.aspx.

 

Will County School District 92 is pleased to announce that the Building Committee has received an Award of Merit in the Illinois State Board of Education’s Those Who Excel Program. The Those Who Excel Program annually honors individuals and teams which have made significant contributions to the state's public and nonpublic elementary and secondary schools. This committee is one of approximately 235 individuals or teams from across Illinois that will be recognized in Bloomington on October 28th. The Building Committee is one of only three individuals or teams which will be honored from Will County. This is the first Those Who Excel Award that has been received for a team or individual representing District 92.

Founded under the leadership of Assistant Superintendent for Business Services Teresa Bishop, the Building Committee is a unique partnership through which Board members, facilities staff and administration have worked together within a standing committee to research and craft recommendations to the Board to meet the district’s facility needs throughout the past five years. During this time, District 92 has engaged in the comprehensive renovation of Walsh, Reed and Ludwig Schools to ensure that all D92 learning spaces are safe, inviting and equipped to meet the teaching and learning needs of a twenty-first century classroom.


Congratulations to Building Committee members: Gary Moser (Director of Buildings and Grounds), Elizabeth Bilotta (Board of Education Vice President), Teresa Bishop (Assistant Superintendent for Business Services), James Gorecki (Board Member), Jim Feehan (Assistant Director of Buildings and Grounds), and Dr. Peter Sullivan (Superintendent).