Area school districts' 'cash on hand'
This chart shows how many days’ worth of cash school districts had at the end of fiscal 2011, which was June 30, 2011. The information is from the office of Gov. Pat Quinn.
This is how the governor's office describes the source of the calculation:
"The funds included in the ISBE numbers are what are considered the districts’ operational funds. The exact funds used from the districts FY11 annual financial reports were their educational, operation and maintenance, transportation and working cash funds. The remaining funds that were excluded were the districts’ debt service, municipal retirement/social security, capital projects, tort and fire prevention & safety funds. Balances carried in these other funds already have a designated purpose and thus were not included in our argument for 'excess reserves.'”
School District Days Cash on HandArcola 263.38Armstrong Twp HS306.49Armstrong-Ellis 411.13Arthur 116.97Atwood Hammond 142.11Bement 76.5Bismarck Henning 92.33Bloomington257.95Blue Ridge 214.68Champaign 199.82Cissna Park 165.51Clinton 180.1Crescent Iroquois 267.56Danville 182.65Decatur 68.48Fisher 535.95Georgetown-Ridge Farm 50.31GCMS 228.72Gifford450.57Hoopeston Area 238.39Iroquois West 280.89LeRoy 181.7Ludlow133.35Mahomet-Seymour 93.15Monticello 186.28Oakland 306.55Oakwood 146.06Paxton-Buckley-Loda183.62Potomac 273.83Prairieview-Ogden419.3Prairie Central 104.72Rankin270.1Rantoul City114.71Rantoul Township HS256.67Shiloh 174.77St Joseph 306.36St Joseph Ogden HS 400.33Tuscola 14.6Unit 7 218.6Urbana103Villa Grove 152.33Westville 251.18