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Audits & Financial Healthi

FACNCES

7

Districts

4/5

Clean Audits

7/7

Healthy

Financial health scores and federal audit results for school districts serving your community.

What are school district audits & financial profiles?

Single Audits are required by federal law for any organization spending $1M+ in federal awards. An independent auditor reviews financial statements and compliance with federal program requirements.

An unmodified (clean) opinion means no significant issues were found. A material weakness indicates a serious gap in financial controls that could lead to misstatement of financial reports.

Financial Profile evaluates each school district on five financial indicators — fund balance, spending patterns, cash reserves, and debt levels — assigning a score from 1.00 to 4.00 and a designation:

Recognition: Strong financial position (3.50-4.00)

Review: Adequate financial position (2.50-3.49)

Early Warning: Potential concerns (1.50-2.49)

Watch: Significant concerns (1.00-1.49)

Sources: FACNCES

Financial Healthi

Bremen CHSD 228Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.90 / 4.0

Better than 47% of districts statewide

CHSD 218Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

Cook County SD 130Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

Forest Ridge SD 142Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

Midlothian SD 143Adequate

Adequate financial position — meets minimum standards

Financial Profile Score3.45 / 4.0

Better than 9% of districts statewide

Palos Heights SD 128Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

Posen-Robbins ESD 143-5Adequate

Adequate financial position — meets minimum standards

Financial Profile Score3.35 / 4.0

Better than 6% of districts statewide

Audit Opinionsi

Palos Heights SD 128Clean

Most recent audit found no significant issues. Clean audits in 2 of 2 years (100%).

Clean years

2 of 2

Total audits

2

Cook County SD 130Clean

Most recent audit found no significant issues. Clean audits in 24 of 10 years (240%).

Clean years

24 of 10

Total audits

24

Forest Ridge SD 142Adverse

Most recent audit found serious concerns. Clean audits in 10 of 10 years (100%).

Clean years

10 of 10

Total audits

10

Midlothian SD 143Clean

Most recent audit found no significant issues. Clean audits in 14 of 10 years (140%).

Clean years

14 of 10

Total audits

15

CHSD 218Clean

Most recent audit found no significant issues. Clean audits in 9 of 9 years (100%).

Clean years

9 of 9

Total audits

9

Audit Timelinei

Palos Heights SD 128

2023Clean
RSM US LLPPDF
2022Clean
RSM US LLPPDF

Cook County SD 130

2025Clean
John Kasperek Co., IncPDF
2024Clean7 findings
Wipfli LLPPDF

Forest Ridge SD 142

2025Adverse
Gassensmith & Michalesko, LTD.PDF
2024Clean
GASSENSMITH & MICHALESKO, LTD.PDF

Midlothian SD 143

2025Clean
Wipfli LLPPDF
2024Clean
Baker Tilly US, LLPPDF

CHSD 218

2024Clean
RSM US LLPPDF
2023Clean
RSM US LLPPDF

Statewide Context

Audit Results

69.3% of statewide districts received clean audit opinions

115 total material weaknesses statewide

Financial Health Distribution

Recognition: 730 (yours)
Review: 85 (yours)
Early Warning: 16
Watch: 10

Statewide median score: 3.9

Showing most recent audit per district. Full audit history available with a paid plan. View plans →