Homer 33C receives top financial rating

News Release

Homer CCSD 33C

Goodings Grove   Luther J. Schilling   William E. Young   William J. Butler

Hadley Middle   Homer Jr. High

Contact: Charla Brautigam, Communications/Public Relations Manager

cbrautigam@homerschools.org | 708-226-7628

 

For Immediate Release:

Nov. 1, 2016

 

Homer 33C receives top financial rating

 

Homer School District 33C continues to demonstrate fiscal responsibility and financial health, earning a spot on the state’s “Financial Recognition” list

 

On Monday (Oct. 31), administrators learned the Illinois State Board of Education (ISBE) had once again awarded Homer 33C its top financial rating. Ratings are determined by five key indicators:

  • Fund Balance to Revenue Ratio
  • Expenditure to Revenue Ratio
  • Days Cash on Hand
  • Percentage of Remaining Short-Term Borrowing Ability
  • Percentage of Remaining Long-Term Borrowing Ability

 

“We have been entrusted to spend community resources wisely and responsibly,” said Superintendent Kara Coglianese. “We take that responsibility seriously and work tirelessly to provide the best services possible without sacrificing the integrity of our educational programing.

 

“In Homer 33C, we all strive to honor our word to be strong financial stewards,” she added. “Our staff does an amazing job working together to identify efficiencies by sharing resources and holding the line on expenditures.”

 

Of the 856 school districts in the State of Illinois, only 568 (or 66 percent) earned the “Financial Recognition” designation this year.

 

Homer 33C has consistently appeared on the state’s “Financial Recognition” list since the profile was first issued in 2003.

 

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