School Business Services

(Updated 1/14/16)

2016 School District Financial Profile Score Information

Each year, ISBE requests that each district superintendent review their Annual Financial Report data through the ISBE Web Application Security System (IWAS).

Now available is your School District’s Financial Profile Scores, it is important to review the calculated profile score as well as a good opportunity to enter comments in IWAS. This is your opportunity to explain any ongoing or isolated issues in your district (Max 500 Characters per comment). The comments are beneficial to the district and those interested in school finances. Please complete the comment process by February 5, 2016.

The adjusted financial profile will be compiled and distributed by ISBE in March; the profile will incorporate such adjustments as may be needed to reflect delayed disbursements of any Mandated Categorical’s.  Upon State Board approval, the scores and designations will be displayed on the ISBE website and made available to all state and local media.

Please enter comments through the IWAS account by February 5, 2016

2014-15 School District Operating Expense Per Pupil (OEPP)/Per Capita Tuition Charge (PCTC) Verification in ISBE Web Application System (IWAS)

ISBE has reinstated the OEPP/PCTC verification process in IWAS to provide the district an opportunity to verify the calculations to be accurate. The verification process also provides districts to make corrections to the calculations if necessary. Our goal is to provide more accurate financial data in the ILEARN database and various reports inside and outside the agency.

It is imperative that districts review these reports for accuracy no later than February 5, 2016 to make any corrections to the FY15 AFR. Once the deadline passes ISBE can no longer accept corrections and all AFR data will be publicly release as reported.

Please read the following documents to complete the verification process. Contact information is included in the Memorandum to School Districts.