District 64 has earned a perfect 4.0 "financial recognition" profile score for the 10th consecutive year from the Illinois State Board of Education (ISBE), as reported at the April 22, 2019 Board of Education meeting. The 2019 Financial Profile offers a snapshot of the District’s standing at the close of the fiscal year on June 30, 2018 based on ISBE's methodology.
ISBE designed the profile as a high-level benchmarking tool for analysts to evaluate a school district’s financial health. The calculation for a school district is determined using a weighted average score for five key indicators: Fund Balance to Revenue Ratio; Expenditure to Revenue Ratio; Days Cash on Hand; Percent of Short-Term Borrowing Ability Remaining; and Percent of Long-Term Debt Margin Remaining. Read more about the D64 Financial Profile here.
District 64 also creates an annual Financial eReport to the community that is available online only. It presents essential information about the District’s financial health in a reader-friendly overview.
The eReport offers “at a glance” highlights for the year and the current budget, focusing on the investments in student learning related to our 2020 Vision Strategic Plan. It also reviews key revenues and expenses, and tracks financial performance over time as well as projections for the future. Our vital partnerships with parents and Park Ridge-Niles community members also are highlighted.