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Audits & Financial Healthi

FACNCES

7

Districts

2/4

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

Antioch CCSD 34Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.90 / 4.0

Better than 47% of districts statewide

CHSD 117Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

Grayslake CHSD 127Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

Lake Villa CCSD 41Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.90 / 4.0

Better than 47% of districts statewide

Millburn CCSD 24Adequate

Adequate financial position — meets minimum standards

Financial Profile Score3.30 / 4.0

Better than 6% of districts statewide

Warren Twp HSD 121Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.90 / 4.0

Better than 47% of districts statewide

Woodland CCSD 50Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.80 / 4.0

Better than 36% of districts statewide

Audit Opinionsi

Lake Villa CCSD 41Adverse

Most recent audit found serious concerns. Clean audits in 9 of 10 years (90%).

Clean years

9 of 10

Total audits

10

CHSD 117Adverse

Most recent audit found serious concerns. Clean audits in 5 of 5 years (100%).

Clean years

5 of 5

Total audits

5

Warren Twp HSD 121Clean

Most recent audit found no significant issues. Clean audits in 19 of 10 years (190%).

Clean years

19 of 10

Total audits

22

Grayslake CHSD 127Clean

Most recent audit found no significant issues. Clean audits in 5 of 5 years (100%).

Clean years

5 of 5

Total audits

5

Audit Timelinei

Lake Villa CCSD 41

2025Adverse1 finding
EccezionPDF
2024Adverse
EccezionPDF

CHSD 117

2025Adverse
EccezionPDF
2024Adverse
EccezionPDF

Warren Twp HSD 121

2025Clean
Baker Tilly US, LLPPDF
2024Clean
Office of the Washington State AuditorPDF

Grayslake CHSD 127

2025Clean
ECCEZIONPDF
2024Clean
EccezionPDF

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 →