PowerSchool ERP Illinois

Annual Financial Report

The Illinois Board of Education requires that districts submit an annual financial report (AFR) spreadsheet to the Regional Office of Education.

The Annual Financial Report option populates information in the AFR spreadsheet using application data. You can review and update the information in the spreadsheet after the data is populated. After reviewing and updating the information, you can submit the spreadsheet through the ISBE website.

From the Fund Accounting menu, select State. From the State - IL menu, select Annual Financial Report.

Submission period

The AFR must be submitted to the Regional Office of Education on or before October 15.

The AFR is due to ISBE on or before November 15.

Selection rule

Annual Financial information is extracted based on the reporting structure and crosswalks set up for the selected reporting period.

Prerequisite

Complete the Setup procedures.