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Audits & Financial Healthi

FACNCES

4

Districts

2/2

Clean Audits

4/4

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

Elmwood Park CUSD 401Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.70 / 4.0

Better than 27% of districts statewide

Leyden CHSD 212Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.90 / 4.0

Better than 47% of districts statewide

Rhodes SD 84-5Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

River Grove SD 85-5Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.55 / 4.0

Better than 12% of districts statewide

Audit Opinionsi

Rhodes SD 84-5Clean

Most recent audit found no significant issues. Clean audits in 6 of 6 years (100%).

Clean years

6 of 6

Total audits

6

River Grove SD 85-5Clean

Most recent audit found no significant issues. Clean audits in 4 of 4 years (100%).

Clean years

4 of 4

Total audits

4

Audit Timelinei

Rhodes SD 84-5

2025Clean
Evoy, Kamschulte, Jacobs & Co. LLPPDF
2024Clean
EVOY, KAMSCHULTE, JACOBS & CO. LLPPDF

River Grove SD 85-5

2025Clean
Sikich CPA LLCPDF
2024Clean
Sikich CPA LLCPDF

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
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 →