The Illinois State Board of Education (ISBE) is pleased to announce changes to financial reporting that will streamline the process for school districts, joint agreements, and regional offices of education. ISBE is providing this overview of the changes, along with links to instructions and related information. Please carefully review the information in the overview and reach out to finance1@isbe.net or a Regional Financial Consultant with any questions.

School District Financial Reports System in IWAS

Training modules for the new system are available below.

System information can also be found in the Annual Financial Report Instructions.

Form

PLEASE REMEMBER TO SAVE THE FORM TO YOUR HARD DRIVE BEFORE ENTERING YOUR DATA!
You may be asked for a user name and password for the download.

October 15 – AFR is due to ISBE
Within 30 days of submission, the school district superintendent must verify receipt of the AFR and upload a signed copy of the district's limitation of administrative costs page and a corrective action plan, if required. This is done through the IWAS -School District Financial Report System.