Diamond Lake District 76 is proud to announce that it has received the highest possible financial profile score of 4.0! We received Recognition status, which means that the “district requires little/no review or involvement by Illinois State Board of Education (ISBE)” in regards to its financial health.
ISBE uses a score of 1-4 to measure a school district’s financial health. The score is made up of several important financial metrics such as fund balance to revenue ratio, expenditure to revenue ratio, days cash on hand, percent of short and long-term borrowing ability. ISBE compiles that data to form a final “profile score”. This is the eighth year in a row that D76 has received the profile score of “Recognition” and we are one of 14 out of 45 school districts in Lake County to receive a score of 4.0.
We are proud of this distinguished recognition.