The District 233 school board’s financial picture have earned top ratings.

Two recent reviews show that the school board’s management of Homewood-Flossmoor High’s finances continue to earn a  AA+ rating from Standard & Poors, a credit rating agency, and an outstanding score of 3.9 out of 4.0 on a financial review by Legacy Professionals LLP, the district’s accounting firm.

The district maintained the AA+ rating since its last review two years ago, Cook said. The AA+ rating is one step below S&P’s top rating.

Lawrence Cook, chief school business official, shared the findings with the District 233 finance committee during its Dec. 2 meeting. 

In the annual financial report from Legacy Professionals LLC, H-F “received recognition which is the highest level of financial profiles” measured by five indicators, according to Cook. The indicators include the fund balance to revenue ratio; expenditures to revenue; the percentage of remaining short-term borrowing ability; percentage of remaining long-term borrowing ability; and days of cash on hand.

In the category Fund Balance to Revenue Ratio, H-F’s total sum of fund balance is $49,230,635. Its total sum of direct revenues is $74,895,124.

In the category Expenditures to Revenue Ratio, H-F’s total sum of direct expenditures is $67,279,921. Its total sum of direct revenues is $74,895,124.

In the category Days Cash on Hand, H-F’s total cash on hand and investments total $49,230,635. Its total sum of direct expenditures is $186,888.

In the category Percent of Short-term Borrowing Maximum Financing, H-F shows no tax anticipation warrants.

In the category Percent of Long-Term Debt Margin Remaining, H-F reports $28 million. Based on financials, the District 233 board total long-term debt allowed is $69.10 million.