Slide 1

Report
Operating Funds:
2013-14
Budget
$62,768,630
$ 6,234,941
$ 3,192,742
$ 2,512,746
$ 3,116,000
Unaudited
Actual
$62,430,544
$ 5,492,592
$ 3,092,384
$ 2,393,380
$ 3,117,966
Total - Operating Funds $77,825,059
$76,526,866
Education Fund
Operations & Mtns
Transportation
IMRF/Social Security
Working Cash Fund
Non-Operating Funds:
2013-14
Budgeted
$ 336,300
$8,150,003
$
0
$
0
Unaudited
Actual
$ 398,080
$7,875,079
$
0
$
$261
Total
Non-Operating Funds $8,486,303
$8,273,420
Capital Projects
Debt Service
Tort
Life/Fire/Safety
Operating Funds
Non-Operating Funds
Total – All Funds
2013-14
Budget
$76,960,803
$ 8,486,303
$86,311,362
Unaudited
Actual
$75,622,871
$ 8,273,420
$84,800,286
Operating revenues
= 98.26%
Non-Operating revenues
= 97.49%
Overall un-receipted
= $1,511,075
Total un-receipted
= 1.75%
 Remaining General State Aid Payment ($416,656)
 Other State Receipts ($60,499 - Education &
Transportation)
 Remaining Federal Payments ($164,330)
 Additional Tax Receipts ($922,960)
Operating Funds:
2013-14
Budget
$63,251,295
$ 6,147,234
$ 3,239,277
$ 2,248,250
$
0
Unaudited
Actual
$61,194,724
$ 6,267,235
$ 3,200,672
$ 2,240,930
$
0
Total - Operating Funds $74,886,056
$72,903,561
Education Fund
Operations & Mtns
Transportation
IMRF/Social Security
Working Cash Fund
Non-Operating Funds:
2013-14
Budget
$ 5,103,376
$ 8,660,789
$
0
Unaudited
Actual
$ 5,332,244
$ 8,601,778
$
0
Total
Non-Operating Funds $13,764,165
$13,934,022
Capital Projects
Debt Service
Life/Fire/Safety
Operating Funds
Non-Operating Funds
Total
2013-14
Budget
Unaudited
Actual
$74,886,056
$13,764,165
$88,650,221
$72,903,561
$13,934,022
$86,837,583
Operating Expenditures
=
Non-Operating Expenditures
=
Difference between budget/actual =
or under-expended by
97.35%
101.23%
- $1,812,638
2.04%
 Education fund under-spent:
 Salaries ($886,033)
 Fringe Benefits ($537,314)






Purchased services ($526,563)
Supplies, Materials ($174,148)
Capital Outlay ($524,751)
Other (36,327)
Tuition ($446,221)
Total: $2,056,571 or 3.25% of Education Fund
 Operations/Maintenance fund over-spent:
 Salaries ($197,230)
 Purchased Services ($288,863)
 Supplies, Materials ($224,336)
 Total: $120,001 or 1.95% of O & M Fund
 Transportation fund under-spent:
 Purchased services ($38,605)
 IMRF/Social Security Fund under-spent:
 Benefits - ($7,320)
Operating Funds:
Revenues
$63,701,560
$ 5,998,888
$ 3,037,322
$ 2,386,767
$ 1,066,000
Expenditures
$66,650,534
$ 6,482,860
$ 3,335,511
$ 2,389,520
$
-0-___
Total - Operating Funds $76,190,537
$78,858,425
Education Fund
Operations & Mtns
Transportation
IMRF/Social Security
Working Cash Fund
Non-Operating Funds:
Revenues
$ -0$ 8,158,075
$ -0-
Expenditures
$ 5,117,961
$ 8,596,474
$ -0-
Total
Non-Operating Funds $ 8,158,075
$13,714,435
Capital Projects
Debt Service
Life/Fire/Safety
2014-15 Revenues
2014-15 Expenditures
Operating Funds
Non-Operating Funds
$76,190,537
$ 8,158,075
$78,858,425
$13,714,435
Total
$84,348,612
$92,572,860
 Collection of 55% property taxes in March (prior year





extension)
Collection of 45% property taxes in September (actual
adopted levy with increased 1.5% CPI)
TIF receipts
Flat federal revenue
GSA (General State Aid) at 89%
All other state revenue at 95%
 Inclusion of all collective bargaining agreements
 10 new staffing positions ($700,000)
 6% increase in health insurance costs
 2.5% increase (Purchased Services & Supplies & Materials)
 Constant - Tuition
 New initiatives -- $ 1,343,500
 Alio Conversion - $120,000
 District Reorganization - $611,000
 Rosetta Stone (Foreign Language Program) - $132,000
 Math Textbook Adoption - $405,000
 HR Software -- $25,500
 UIC Math Consultant - $50,000
 2013-14 Operating funds revenues
= under received by 1.75%
 2013-14 Operating funds expenditures = under-spent by 2.04%
 2014-15 Operating Funds – Revenues = greater than Referendum Target –
will verify all state revenues with Steve Miller
 2014-15 Operating Funds – Expenditures – over Referendum Target
(inclusive of 1.25% decrease in expenditure growth)
 Referendum Target enrollment = 5,672 and OEPP = $13,548.78
 Actual 2013-14 Enrollment = 5,969 x $13,548.78 = Potential expenditures of
 $80,710,587
 Proposed Operating Expenditures = $78,858,425
 Operations & Mtns Fund – Projected 6/30/15 Year End - ($811,135)
 Capital Projects Fund – Projected 6/30/15 Year End – ($1,873,818)
.
 July 22, 2014—Adoption of tentative 2014-15 budget
 August 19, 2014 —Update &continued discussion of
2014-15 budget
 September 9, 2014—Public Hearing of 2014-15 budget
 September 23, 2014 – Adoption of 2014-15 Budget &
submission to Illinois State Board of
Education (ISBE)

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