Budget Fund Documents
State Budget Form

State Budget Form

Updated 8-21-2020 12:29 PM
Education Fund
The Education Fund is the the most significant of the district as it supports all the educational programs and encompasses approximately 80% of the District's financial activity. Teachers, Assistants, Administrative, and secretarial salaries and fringe benefits, curricular materials, student programs and athletics, food service and technology equipment, software and support, and district liability insurance are all examples of expenditures budgeted in the Educational fund.
Updated 11-25-2019 9:39 PM
Operations & Maintenance Fund
The Operations & Maintenance Fund (O&M) is on the District's largest operating funds. It contains approximately 12% of the District's financial activity. The fund supports the daily operation of four (4) elementary schools, one (1) middle school and one (1) administration center. The main expenditures in ths fund are associated with Custodial, Maintenance, Administrative and Secretarial salary and fringe benefits, energy costs, equip and repair mechanical, plumbing and roofing of the buildings.
Updated 11-25-2019 9:39 PM
Debt Service Fund
The Debt Service Fund allocates revenue and expenditures for all for the District's long and short-term debt. The debt is usually in the form of pricipal and interest payments for prior bond issues. The county clerk extends the necessary taxes each year to payoff the District debt obligations based on the board approved resolutions that were filled when the debt was issue. The District has several bond issues that they have pledged alternate revenue sources and the transfer amounts account for those alternative revenue sources.
Updated 11-25-2019 9:40 PM
Transportation Fund
The Transportation Fund supports the student transportation program. Revenue from the fund is received via property taxes, fuel reimbursements from District 73 and 128, and state reimbursement fro transportation. The state reimbursement portion has been prorated for several years below the statutory 80% reimbursement rate. The district outsources the transporting of students and most extra-curricular to Lakeside Transportation, a private bus contractor. This past school year, the District transported 1703 students over 374,213 miles on 44 different bus routes.
Updated 11-25-2019 9:40 PM
Municipal Retirement Fund
There are two sub-funds in the Municipal Retirement Fund. They are the Illinois Municipal Retirement Fund and the F.I.C.A./Medicare Fund. They are organized into tow separate funds to coincide with tax levy. This supports the pension program for all non-certified employees. The District is required to contribute to this program if an employee works over 600 hours per year. Each year the contribution rate is set based on employee experience and in Fiscal Year 2018 the employer rate is 11.76%, an increase from 2.08% in Fiscal Year 2017. Revenues for the Municipal Retirement Fund come from the local tax levy and also Corporate Personal Property Replacement Taxes.
Updated 11-25-2019 9:40 PM
Working Cash Fund
The Working Cash Fund can be used for internal borrowing. Internal borrowing usually occurs because of lake property tax collections and/or low fund balances. It is permissible to abate or permanently transfer funds from Working Cash Fund to thee fund most in need. Annually the District transfers the interest income earnings to the fund most in need. This fund can act like the District's "savings" account.
Updated 11-25-2019 9:40 PM
Compensation Report

Compensation Report

Updated 11-25-2019 9:35 PM
Audit Report

Audit Report

Updated 11-25-2019 9:36 PM
Annual Financial Report

Annual Financial Report

Updated 11-25-2019 9:34 PM
Vendor Payment over $25,000

Vendor Payments over $25,000

Updated 12-16-2019 5:43 PM