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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