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CMMS science teacher receives MSI Distinguished Teacher Award from the Museum of Science & Industry


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LEADER IN SCIENCE EDUCATION: CMMS 7th grade science teacher, Ms. Myetta Ali, (right) shares a smile with CMMS principal Kokona Chrisos at the Museum of Science and Industry in Chicago (MSI) where Ms. Ali received the Lester Crown MSI Distinguished Teacher Award for her extraordinary dedication to her students and the science teaching profession.

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District's Financial Profile

Pursuant to the authority provided by Section 1A-8 of the School Code, the Illinois State Board of Education has developed the “School District Financial Profile” system to help monitor the finances of school districts and to identify which are healthy or are moving toward financial difficulty. This system replaced the “Financial Watch List and Financial Assurance and Accountability System (FAAS)” that had been used for the assessment of a school district’s financial health. The major change in methodology was that the FAAS utilized only one financial indicator—the Fund Balance to Revenue Ratio. The profile includes that indicator plus four additional measures to expand our capability to accomplish a truer risk assessment. The five indicators are individually scored and weighted in order to arrive at a Total Profile Score and applicable designation.

The following provides a detailed explanation of each indicator.
  1. Fund Balance to Revenue Ratio

    This indicator reflects the overall financial strength of the district. It is the result of dividing the ending fund balances by the revenues for the four operating and negative IMRF/SS funds. Operating Funds are the Educational, Operations and Maintenance, Transportation and Working Cash Funds.
  1. Expenditure to Revenue Ratio

    This indicator identifies how much is expended for each dollar received. It is computed by dividing total expenditures for the Educational, Operations and Maintenance, and Transportation Funds by the revenues for those same funds plus Working Cash. The calculation also takes into account remaining balances of these funds at the end of the year if a district is scoring low for their Expenditure to Revenue Ratio. This is especially beneficial to districts that have saved for projects and are now incurring the expenditures for them or who have healthy fund balances even after spending a portion of their savings.
  1. Days Cash On Hand

    This indicator provides a projected estimate of the number of days a district could meet operating expenditures provided no additional revenues were received. It is computed by dividing the total expenditures of the Educational, Operations and Maintenance, and Transportation Funds by 360 days to obtain an average expenditure per day. Then the total cash on hand and investments for the same funds plus working Cash are divided by the average expenditures per day. As with the Fund Balance to Revenue Ratio and the Expenditure to Revenue Ratio, the Working Cash Fund has now been incorporated into the calculation.
  1. Percent of Short-Term Borrowing Ability Remaining

    Districts often incur short-term debt due to several factors (i.e., delays in receipt of local revenues, etc.). For this indicator, the sum of unpaid Tax Anticipation Warrants is divided by 85% of the Equalized Assessed Valuation (EAV) Multiplied by the sum of the tax rates for the Educational, Operations and Maintenance, and Transportation Funds.
  1. Percent of Long-Term Debt Margin Remaining

    A district often incurs long-term debt for major expenditures such as buildings and equipment. This total is derived by the product of the district’s EAV multiplied by its maximum general obligation debt limitation, reduced by any outstanding long-term debt.

The Total Profile Score and Applicable Designations

It is the Total Profile Score that best determines a district’s financial strengths or weaknesses. The following explains the four applicable designations that a district can receive—Financial Recognition, Financial Review, Financial Early Warning, and Financial Watch.
  1. Financial Recognition

    Districts with a score of 3.54 - 4.00, are in the highest category of financial strength. These districts require little or no review or involvement by ISBE unless requested by the district.
  1. Financial Review

    Districts with a score of 3.08 - 3.53, are in the next highest financial health category. Districts in this category will be given a limited review by ISBE, but they will be monitored for potential downward trends. Staff will be assessing the next year’s school budget for negative trends.
  1. Financial Early Warning

    Districts with a score of 2.62 - 3.07, they are placed in the category are in a status of financial risk. The Illinois State Board of Education will be monitoring these districts closely and offering proactive technical assistance (e.g., financial projections and cash flow analysis, etc.). These districts will also be reviewed to determine whether they meet the criteria set forth in Article 1A-8 of the School Code to be certified in financial difficulty and possibly qualify for a Financial Oversight Panel.
  1. Financial Watch

    If a district receives a score of 1.00 - 2.61, they are in a status of highest financial risk. As with the Financial Early Warning districts, ISBE will be monitoring these districts very closely and offering them technical assistance including, but not limited to, financial projections, cash flow analysis, budgeting advisement, personnel inventory management, and enrollment projections. These districts will also be reviewed to determine whether they meet criteria set forth in Article 1A-8 of the School Code to be certified in financial difficulty and qualify for a Financial Oversight Panel.

Financial Profile Documents

Adobe PDF Financial Profile 2013
Adobe PDF Financial Profile 2012
Adobe PDF Financial Profile 2011
Adobe PDF Financial Profile 2010
Adobe PDF Financial Profile 2009
Adobe PDF Financial Profile 2008
Adobe PDF Financial Profile 2007
Adobe PDF Financial Profile 2006
Adobe PDF Financial Profile 2005



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Crete-Monee School District 201-U 1500 Sangamon Street, Crete, IL 60417 Phone: 708-367-8300 Fax: 708-672-2698