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Audits & Financial Healthi

FACNCES

3

Districts

1/3

Clean Audits

3/3

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

Harrison SD 36Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.65 / 4.0

Better than 20% of districts statewide

Johnsburg CUSD 12Adequate

Adequate financial position — meets minimum standards

Financial Profile Score3.35 / 4.0

Better than 6% of districts statewide

McHenry CHSD 156Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.55 / 4.0

Better than 12% of districts statewide

Audit Opinionsi

Johnsburg CUSD 12Clean

Most recent audit found no significant issues. Clean audits in 11 of 10 years (110%).

Clean years

11 of 10

Total audits

11

Harrison SD 36Adverse

Most recent audit found serious concerns. Clean audits in 2 of 2 years (100%).

Clean years

2 of 2

Total audits

2

McHenry CHSD 156Adverse

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

Clean years

10 of 10

Total audits

10

Audit Timelinei

Johnsburg CUSD 12

2025Clean
EccezionPDF
2024Clean
EccezionPDF

Harrison SD 36

2023Adverse2 findings
ECCEZIONPDF
2022Adverse
EDER, CASELLA & COPDF

McHenry CHSD 156

2025Adverse
EccezionPDF
2024Adverse
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 →