FINANCIAL SECTION - School District U-46

SCHOOL 

DISTRICT 

U-46 

KANE, COOK AND 

DUPAGE COUNTIES, 

ILLINOIS 

SCHOOL DISTRICT U-46 

ANNUAL 

BUDGET 

FISCAL YEAR ENDED 

JUNE 30, 2011 

SEPTEMBER 27, 2010 

355 E. CHICAGO STREET 

ELGIN, IL 60120 

WWW.U-46.ORG


BUDGET 

For the Fiscal Year Ended June 30, 2011 

School District U-46 

Counties of Kane, Cook, and DuPage 

355 E. Chicago St. 

Elgin, IL 60120 

www.u-46.org

Table of Contents 

TABLE OF CONTENTS 

Page 

1 Table of Contents 

1-1 Executive Summary 

1-14 Principal Officials 

1-15 Budget Timeline 

1-16 District Map 

INTRODUCTORY – SECTION 1 

ORGANIZATIONAL – SECTION 2 

2-1 Description of the District 

2-3 Board Policy – Fiscal Management Goals 

2-4 Illinois Budget Statute 

2-6 Organization Chart 

2-7 District Leadership 

2-8 Departments and Services 

2-11 District Mission, Vision and Focus 

2-12 District Improvement Plan 

2-14 Budget Development, Administration and Management 

3-1 Fund Organization Chart 

FINANCIAL – SECTION 3 

All Funds 

3-2 Description 

3-3 Summary 

3-4 Revenue by Source (Pie Chart) 

3-5 Revenue by Source (Bar Chart) 

3-6 Revenue Detail 

3-10 Expenditures by Object (Pie Chart) 

3-11 Expenditures by Object (Bar Chart) 

3-12 Expenditure Detail by Object 

3-16 Other Financing Sources (Uses) 

1

All Funds Except Capital Project Funds 


3-18 Summary 








Operating Funds 


3-33 Summary 







3-46 Other Financing Sources (Uses) 

Education Fund 


3-48 Summary 








Transportation Fund 


3-62 Summary 








2

Operations and Maintenance Fund 


3-72 Summary 








Tort Immunity and Judgment Fund 


3-82 Summary 








IMRF/Social Security Fund 


3-91 Summary 








Working Cash Fund 


3-100 Summary 





3

Debt Service Fund 


3-106 Summary 








Fire Prevention and Safety Fund 


3-115 Summary 








Capital Projects Fund 


3-124 Summary 







Developers Fees Fund 


3-132 Summary 








4

INFORMATION – SECTION 4 

Bond Amortization Schedules 

4-1 2010 $30,190,000 General Obligation Refunding Bonds 

4-2 2009 $34,405,000 Tort Immunity, Life Safety, and Refunding Bonds 

4-3 2005 $71,790,000 General Obligation Refunding Bonds 

4-4 2003 $34,000,000 General Obligation Limited Tax Bonds 

4-5 2003 $88,600,000 Capital Appreciation Bonds 

4-6 2002 $54,999,619 Construction Bonds 

4-7 2001 $57,999,743 Construction Bonds 

4-8 1999 $18,300,000 School Building Bonds 

4-9 1997 $39,500,000 School Building Bonds 

4-10 1996 $14,999,900 Capital Appreciation School Bonds 

4-11 District Facility Information 

4-13 Glossary of Terms 

4-24 Acronyms 

Other Information 

5

INTRODUCTORY

August 16, 2010 

Members of the Board of Education and Citizens of School District U-46: 

We are pleased to provide you information regarding FY 2011 Budget for the 2010/2011 school 

year. Our aim is college and workplace readiness and elimination of achievement gaps. This 

budget is aligned to our District Improvement Plan which is intended to move us toward this aim 

and our ultimate goal of Academic Success for All. 

The Fiscal Year 2011 Budget for School District U-46, Counties of Cook, DuPage, and Kane, 

State of Illinois, is presented for your consideration. Fiscal Year 2011 begins July 1, 2010, and 

ends on June 30, 2011. The budget is a one-year financial reflection of the District’s planning 

processes. 

In accordance with Board policy, the FY 2011 budget is balanced; however, the impact of 

balancing the budget will be significant. The hundreds of teaching positions eliminated means 

larger class sizes at all grade levels. It means buildings will be cleaned less frequently. The 

cuts we have imposed result in a second year of administrative salary freezes and, through an 

agreement with the Elgin Teachers Association, a one-year base and step salary freeze for all 

teachers (though teachers will still receive salary increases for reaching specific milestones, 

such as earning a Master’s degree). Customer service will suffer due to the reduction in the 

number of support personnel. 

The Fiscal Year 2011 Budget projects $458.8 million of revenues and other financing sources, 

and $456.7 million of expenditures, for a net increase in total fund balance of $2.1 million. The 

largest area of concern in this budget remains funding reductions for FY 2011 and anticipated 

delays in payments from the State of Illinois. We project, based on the state-approved budget, 

that General State Aid will be reduced by $15.2 million when compared to last school year. In 

addition, we project another $6.5 million less in mandated categoricals, such as transportation 

reimbursements, from the State of Illinois. The total reduction when compared to last year is 

$21.7 million. 

State funding will continue to be a problem for U-46 beyond the 2010/2011 school year due to 

the manner in which the State currently calculates our payments. Our District had been a strong 

supporter of a bill that would have leveled the playing field in the state’s calculation of General 

State Aid. Senate Bill 2499 was intended to correct a unique situation facing U-46 that results 

from the estimation of property tax limiting rate. Though it passed unanimously in the House of 

Representatives (113 representatives in favor) and 40-15 in the Illinois Senate, the bill was 

vetoed in its entirety by Gov. Pat Quinn. The bill would have provided School District U-46 the 

estimated $22 million for this school year, and it would have placed us on a level playing field 

with all other school districts. 

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When school districts across the State of Illinois, and many other states, are reducing expenses, 

it is clear that we are not alone. 

I encourage our communities to continue to send a strong signal to Springfield that we need a fix 

to education funding; especially one that would ensure U-46 receives the appropriate amount of 

General State Aid. In addition, districts can not rely on IOUs from the State of Illinois in lieu of 

checks for the upcoming school year. 

In these challenging times more than ever, we need the ongoing support of the U-46 community. 

We need parents to take an active role in ensuring their students are reading and learning at 

home. We need community members to volunteer at our schools by mentoring at-risk students, 

helping with a PTO fundraiser, and so forth. Remember that many hands make for easy lifting. 

Sincerely, 

Dr. José M. Torres 

Superintendent 

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BUDGET SUMMARY – FY 2011 

All District Funds 

FY 2010 

Actual* 

FY 2010 

Amended 

Budget 

FY 2011 Budget 

Revenue 

Taxes $ 264,920,473 $ 272,722,894 

Local Revenue 17,649,193 17,386,428 

General State Aid 66,019,919 50,774,220 

Categoricals 82,593,399 76,587,197 

Federal Aid 39,709,417 40,929,244 

Other Revenue 397,500 422,500 

Total Revenue 471,289,901 458,822,483 

Expenditures 

Salaries 241,140,335 224,922,660 

Employee Benefits 82,572,233 72,611,540 

Purchased Services 32,954,732 31,195,817 

Supplies and Materials 24,974,911 23,771,137 

Capital Outlay 16,605,328 7,283,311 

Other Expenditures 42,644,427 43,090,920 

Contingency, Tuition and 

Non-Capitalized Equipment 50,938,603 53,854,063 

Total Expenditures 491,830,569 456,729,448 

Other Financing Sources (Uses) 34,682,565 - 

Net Change in Fund Balance $14,141,897 $2,093,035 

*Awaiting audited financial reports. 

Budget Summary by Fund 

Revenues Expenditures 

Other Sources 

(Uses) 

Net Increase 

(Decrease) 

Operating Funds (or General Fund): 

Education Fund $361,605,894 $341,927,351 ($1,461,084) $18,217,459 

Transportation Fund 19,194,393 27,028,693 (166,690) (8,000,990) 

Operations & Maintenance Fund 24,921,971 23,942,785 (223,412) 755,774 

Total Operating Funds 405,722,258 392,898,829 (1,851,186) 10,972,243 

Special Revenue Funds: 

Tort Immunity & Judgment Fund 4,159,055 8,505,749 (994,781) (5,341,475) 

IMRF/Social Security Fund 10,107,690 9,540,872 0 566,818 

Working Cash Fund 50,000 0 (50,000) 0 

Debt Service Fund: 

Debt Service Fund 37,545,229 39,564,998 2,895,967 876,198 

Total All Funds Except Capital 

Projects Funds 457,584,232 450,510,448 0 7,073,784 

Capital Projects Funds: 

Fire Prevention & Safety Fund 363,251 4,837,000 0 (4,473,749) 

Site & Construction Fund 0 507,000 0 (507,000) 

Developers Fees Fund 875,000 875,000 0 0 

Total All Funds 458,822,483 456,729,448 0 2,093,035 

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Revenues 

$600,000,000 

$400,000,000 

$200,000,000 

$- 

Amend 

Tentative 

Actual Budget Budget 

FY 2009 FY 2010 FY 2011 

Taxes Local Revenue 

General State Aid Categoricals 

Federal Aid Other Revenue 

Expenditures 

$500,000,000 

$400,000,000 

$300,000,000 

$200,000,000 

$100,000,000 

$- 

Amend 

Tentative 

Actual Budget Budget 

FY 2009 FY 2010 FY 2011 

Salaries Employee Benefits 

Purchased Services Supplies and Materials 

Capital Outlay Other Expenditures 

Contin, Tuit & Non-Cap Equip 

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FY 2011 Budget Goals 

From the time he was named superintendent in July 2008, Dr. José M. Torres has continually 

noted the need to raise the bar, close the achievement gap, and cultivate relationships. The FY 

2011 Budget goals are closely aligned to the 2010-2011 District Improvement Plan that aims to 

prepare the students of our District to be competitive in college and the workplace and eliminate 

the achievement gap. 

The first District Improvement Plan was adopted by the Board of Education in 2003. The plan 

was based on months of staff discussions with district stakeholders, as well as some assistance 

from national experts provided by the Stupski Foundation. 

Seven years later the work that was started in 2003 continues to pay dividends as the District 

continues to strive to achieve its goal of “Academic Success for All.” The Five Pillars of the 

2010-2011 District Improvement Plan are: 

Pillar 1: Teaching, Learning & Leadership 

Pillar 2: Recognition & Interventions 

Pillar 3: Operational Excellence 

Pillar 4: Accountability for Continuous Improvement 

Pillar 5: Family and Community Engagement 

Our Theory of Action states that if we have effective teaching and learning, and effective school 

leadership, then we will reach our goal of “Academic Success for All.” The District Improvement 

Plan continues to drive the work in U-46. 

The District Improvement Plan is on the agenda of every Board of Education meeting. At the 

first meeting of each month, a formal “District Improvement Plan report” focusing on one of the 

pillars is presented at the beginning of the meeting. At the last meeting of the month, a written 

progress report is included in the board packets, and at the meeting, the Superintendent 

provides a short summary of the update to the Board and entertains questions from the 

members at that time. 

For the 2009-2010 school year, some of our major accomplishments included: 

 

 

Increased Student Achievement - The results of the student performance on both the 

Illinois Standards Achievement Test (ISAT) and Prairie State Achievement Exam (PSAE) 

demonstrate increased student achievement for all student groups in both reading and 

math in 2010. 

Increased Student Access to a More Rigorous Curriculum – More students are taking 

Advanced Placement courses, and the number of students taking AP exams is 

increasing. At the same time, the participation of African-American and Latino students 

increased. 

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Implementation of the Teacher Appraisal Plan – As part of the rollout of a new teacher 

appraisal system, our District also established a new Teacher Effectiveness Department. 

Establishment of Benchmarks and Targets – The District has established both academic 

and operational targets in order to increase student achievement and improve operational 

effectiveness. 

These are just a few of the major accomplishments of the 2009-10 year’s District Improvement 

Plan. Additional information and explanations of key initiatives are posted on the district’s web 

site, www.u-46.org, and have been distributed to staff, advisory groups, and key stakeholders. 

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Economic Condition and Financial Outlook 

We have noted above the impact of state budget reductions on School District U-46 totaling an 

expected $21.7 million during FY 2011. Most of the reduction in state funding affecting U-46 is 

in General State Aid which is projected to drop from $66 million last year to $50.7 million in FY 

2011. 

In addition to state funding reductions for the fiscal year, the District also anticipates another 

year of delayed payments for many state programs, including all mandated categoricals 

including Special Education, Bilingual Education, and transportation reimbursement. 

In addition to state funding issues, we cannot ignore the impact the state and local economy is 

having on our communities. 

For example, in May 2010 the unemployment rates in Streamwood, Hanover Park, and 

Streamwood were higher than the statewide unemployment rate. The below chart demonstrates 

the unemployment history (which has not been seasonally adjusted) for our communities and 

counties since December 2008. 

Dec. 2008 Apr. 2009 May. 2009 Dec. 2009 Apr. 2010 May. 2010 

United States 7.1% 8.6% 9.1% 9.7% 9.5% 9.3% 

Illinois 7.4% 9.4% 9.8% 10.8% 10.7% 10.0% 

Counties 

Cook County 7.1% 10.0% 10.6% 10.8% 10.9% 10.7% 

Kane County 7.4% 10.2% 10.4% 11.2% 11.0% 10.5% 

DuPage County 5.4% 8.2% 8.8% 8.6% 8.8% 8.6% 

Cities 

Elgin 10.4% 13.3% 13.4% 15.0% 13.4% 12.3% 

Hanover Park 9.2% 10.9% 11.1% 13.1% 11.7% 11.2% 

Streamwood 7.4% 10.4% 11.0% 11.5% 11.3% 11.0% 

Carol Stream 5.9% 9.0% 9.9% 9.1% 9.3% 9.1% 

Bartlett 5.7% 8.6% 9.2% 8.9% 9.0% 8.9% 

Hoffman Estates 5.4% 8.1% 8.9% 8.2% 8.5% 8.7% 

Bankruptcies in the Illinois Eastern Division, which includes counties served by U-46, doubled 

between 2007 (24,619) and 2009 (55,559). For the first six months of 2010, bankruptcies 

currently stand at 32,996. 

In addition to bankruptcies, recent increases in property foreclosures also continue to be a 

concern. 

1-7

Major Assumptions Used for Development of Budget 

REVENUE 

Property Taxes 

Property tax revenue will continue to grow at the rate of inflation plus revenue due to new 

construction and other properties coming onto the tax rolls (such as expiring Tax Increment 

Financing, or TIF, districts). The property tax rate is projected to continue to decline due to the 

continued impact of the property tax cap. 

Student Enrollment 

Student enrollment is expected to remain at about 41,008, a modest increase over FY 2010. 

General State Aid Foundation Level 

The General State Aid calculation is based on preliminary information received from the State 

Board of Education and represents a decrease from the prior year of 23%, from $66 million to 

$50.7 million. 

General State Aid - FY2007 to 2011 

(in millions) 

75 

70 

65 

67.6 

68.8 69.7 

66.0 

60 

55 

50 

45 

FY2007 FY2008 FY2009 FY2010 FY2011 

50.7 

Other State Revenue 

State revenues are budgeted at the Governor’s approved budget recommendations based on 

FY2010 levels. The largest categorical reduction is the Transportation regular reimbursement 

line which has been reduced by 42% for FY2011. Overall, categorical funding for FY2011 has 

resulted in a decrease of 7% from FY2010. 

1-8

EXPENDITURES 

Salary Expenditures 

Salary increases are budgeted in accordance with collective bargaining agreements that are 

currently in place. The FY 2011 Budget assumes no salary increase for administrators and 

other non-union employees for a second consecutive year. The Budget includes the agreement 

reached with Elgin Teachers Association, which calls for no salary or step increases (though 

teachers will receive “lane” increases for achieving milestones such as attaining a Master’s 

degree). In an effort to be prepared for potential deep cuts in state funding, the FY 2011 

Reductions in Force were deeper than the reductions outlined in this document. 

The District has submitted to the Board of Education 1,079 Reductions in Force. The FY 2011 

Budget development includes 407 reductions. 

The below chart depicts the impact of budget reductions on salary expenditures. 

Salary Expenditures - FY2007 to 2011 

(in millions) 

245.0 

240.0 

235.0 

230.0 

225.0 

220.0 

215.0 

210.0 

205.0 

242.8 

241.1 

230.2 

224.9 

218.0 

FY2007 FY2008 FY2009 FY2010 FY2011 

Benefit Expenditures – Health Insurance 

Health Insurance benefit is expected to continue to increase by 9% for FY 2011; however, the 

total expenditures in the “Employee Benefits” line item are projected to decrease by $10 million 

as a result of reductions in force. The “Employee Benefits” line item encompasses employee 

health, dental, and retirement benefits. 

Debt Issuances 

There are no Debt issuances in the FY2011 Budget. 

1-9

Budget Advisory Task Force 

In order to address the financial crisis facing U-46, a Budget Advisory Task Force was formed in 

October 2009. The BATF is made up of 29 members representing our various constituencies, 

including community leaders, Elgin Teachers Association and other collective bargaining units, 

administrators, and members of the Superintendent’s staff. The charge to the BATF was to 

“Prioritize recommendations to balance the FY 2011 budget and contribute $25 million towards 

reducing the deficit by January 31, 2010.” 

The following was developed to guide the BATF and others when making budgetary 

recommendations: 

Administration’s Values as We Address the Financial Condition of U-46 

 

 

 

 

 

 

 

 

 

Protect our District’s aim: college and workplace readiness and the elimination of 

achievement gaps 

Follow the priorities established in the District Improvement Plan 

Improve efficiency and effectiveness in all operations while reducing costs 

Target reductions in areas as far away from teaching and learning as possible 

Provide a safe learning environment for all 

Where possible, enhance services while reducing cost 

Avoid across-the-board reductions if possible 

Seek opportunities for collaboration across communities and partners 

Must be sustainable 

The BATF completed its work on schedule. The result of their work identified budget 

adjustments from the over 100 items they had suggested as well as over 500 ideas suggested 

by U-46 employees. The result of their work was presented via Community Forums held at the 

High Schools during the month of February. Further the committee solicited feedback by 

conducting a survey. In total over 810 interested persons attended the meetings with hundreds 

more participated in the survey. 

The results included revenue enhancement efforts as well as staff reductions and many expense 

reductions. FY2011 Deficit reduction recommendations contained in the FY 2011 Tentative Budget 

included: 

$11,126,750 Reduction in Secondary Education staffing 

9,229,684 Reduction in Elementary Education staffing 

1,458,000 Reduction in Plant Operations budget 

1,045,538 Reduction in Special Education staffing 

1,000,000 Savings from changing insurance requirement from 20 hours to 

37.5 hours per week 

946,435 Reduction in Early Childhood staffing 

895,000 Reduction in Plant Operations staffing 

593,000 Reduction in Early Childhood transportation 

500,000 Reduce long-term substitute rate to $99 per day 

495,000 Reduction in Information Services staffing 

1-10

391,000 Reduction in Transportation staffing 

300,000 Reduction in Teacher Effectiveness Initiatives staffing 

258,500 Reduction in Food and Nutrition Service staffing 

215,000 Reduce substitute teacher rate to $90 per day 

181,616 Reduction in Financial Services staffing 

170,000 Reduction in Human Resources and Payroll staffing 

166,000 Reduction in Improvement Initiatives staffing 

144,902 Reduction in Welcome Center staffing 

125,000 Increase instructional and athletic fees charged 

123,000 Require administrators to pay for dental insurance like other 

employee groups 

89,000 Other miscellaneous staffing, salary and benefits reductions 

80,000 Reduced utility costs for four-day work week in summer 

70,000 Increase facility rental fees charged to others 

56,000 Reduction in District renting facilities from others 

40,000 Reduction in out-of-state travel 

11,299 Reduction in employee use of District vehicles 

10,000 Eliminate school safety coloring books 

____ 5,000 Principals assigned one computer rather than two 

$29,725,724 Total 

With so much attention given to the extensive efforts exerted by the BATF and others, and the 

significant results that were brought forth, it is worthwhile to take a minute to consider the many 

opportunities that School District U-46 will continue to provide to all of its students. 

As our communities review the areas of reduction for FY 2011, it is important for all of us to 

remember many of the programs that are not being eliminated. Here are just some examples of 

programs and resources we will continue to provide in U-46. 

Traditional school calendar and school days (no shortened week/split shifts during school 

year) 

Transportation provided to and from school for students K-12 

All elementary, middle and high schools still open 

Principal in every school building 

Same level of service at schools: social workers and counselors 

A registered nurse at every school 

High School Academies (5) 

Kindergarten (not a state requirement) 

Art and music for students in Grades 1-12 

High school art and music programs (band, chorus, orchestra) 

High school students’ access to a seventh course (where possible) 

Early Childhood Education at several sites throughout the district 

Gifted Education Program: School Within a School (SWAS) Grades 4-6; 7-8; and SET 

SWAS 

Career and Technical Education Program / electives 

Project Lead the Way 

1-11

Alternative Programs: Gifford Street High School, Gifford Street Middle School 

Center House – transitional program for young adults in Special Education 

Adult Education Program 

Dual Language Program 

SAFE program 

SES after-school tutoring for 1,000 students; additional after-school programs 

provided by 21 st Century Community Learning Center grants in several schools. 

New initiatives begun to improve student performance will continue: AVID, middle school 

counselors, middle school foreign language. 

Continued support for Response to Intervention (RTI) implementation 

Middle school rotations which offer students experiences. 

High school level courses for middle school students taught at the middle schools 

Electives for middle/high school students to meet graduation requirements, increase rigor, 

etc. 

Swimming pools open a portion of the school year 

Libraries still open, even though access/staffing is limited 

Wide variety of extracurricular activities / clubs available 

Family Welcome Center 

U-46 Observatory and programs for students; celebrating 100 th year 

WEPS radio station, founded in 1950 

Administrative support at the district and school level to support students and colleagues; 

to manage grants and resource allocation; to ensure compliance; and to maintain the 

daily operations to ensure return on investment. 

Teacher Effectiveness Initiatives: 

o Teacher Mentor Program 

o Support for implementation of the Teacher Appraisal Plan (TAP) 

o National Board Certified support 

Computer labs at schools and tech support 

Ongoing work by administrators and teachers to improve curriculum and instruction 

Numerous state, federal, and foundation grants to support projects 

Field trips when related to curriculum and grant-funded 

Police liaisons, preventions programs (PBIS), ongoing focus on safety 

Middle School 

Athletic programs for middle and high schools 

 

 

 

Boys/Girls Basketball 

Boys/Girls Soccer 

Girls Volleyball 

1-12

High School 

Boys Cross Country Girls Cross Country 

Football Girls Golf 

Boys Golf Girls Soccer 

Boys Soccer Girls Swimming 

Boys Swimming Girls Tennis 

Boys Basketball Girls Volleyball 

Cheerleading Girls Basketball 

Boys Bowling Girls Bowling 

Wrestling Gymnastics 

Baseball Softball 

Boys Track & Field Girls Track & Field 

Boys Tennis Badminton 

Boys Volleyball 

1-13


Principal Officials 


Position 

Board of Education 

Ken Kaczynski President 2011 

Donna Smith Vice President 2013 

Amy Kerber Secretary Pro-Tempore 2011 

Maria Bidelman Member 2011 

Karen Carney Member 2011 

Joyce Fountain Member 2013 

Dale Spencer Member 2013 

Nasir Almasri Student Advisor 2011 

Term Expires 

Superintendent and Executive Staff 

Dr. José M. Torres 

Vacant 

Patrick Broncato 

Karen Fox 

Dr. Carmen Rodriguez 

Tony Sanders 

Greg Walker 

Superintendent of Schools 

Chief Operations Officer 

Chief Legal Officer 

Chief of Family and Community Engagement and 

Special Projects 

Assistant Superintendent, Elementary Education 

Chief Communications and Public Accountability 

Assistant Superintendent, Secondary Education 

Officials Issuing Report 

John Rossi 

Baker, Tilly 

Division Issuing Report 

Dale Burnidge 

Juanita Cruz 

Kathy Fitzpatrick 

Ray Shifrin 

Jerry Ward 

Fiscal Analyst 

Senior Accountant 

Grants Manager 

Pension Specialist 

Accounts Payable Manager 

1-14


Budget Timeline for FY 2011 Budget 

2010 

Tentative FY 2011 Budget Timeline presented to the Board of Education February 22 

Resolution for Board of Education to Direct the Superintendent to prepare February 22 

the Tentative FY 2011 Budget” (Work Session) 

Superintendent’s staff establishes budget priorities February 23 

Discussion of Board Priorities for FY 2011 Budget March 1 

Resolution adopted Directing the Superintendent to prepare 

Tentative FY 2011 Budget March 1 

Tentative Budget is presented to the Board of Education 

Special Business Meeting for Budget Work Session April 19 

Resolution for “Display of and Public Hearing of Budget” presented 

to the Board of Education (Work Session) July 19 

Resolution for “Display of and Public Hearing of Budget” adopted 

by Board of Education August 2 

Newspaper notice published for display of budget to begin Aug. 17 

and Public Hearing to be September (13) August 3 

(must be published at least 30 days prior to hearing) 

Board Finance Committee review of proposed budget changes August 10 

Final Budget is presented to Board of Education August 16 

Display of Final Budget to begin 30 day period August 17 

(must be displayed at least 30 days prior to adoption) 

Public Hearing of Board of Education for Final Budget 

Resolution (ISBE form) for approval of budget (work session) September 13 

Adoption of Approved Budget 

(must be adopted by September 30) 

Resolution/ISBE form, Certification of Budget, and 

Certification Estimate of Revenues are signed September 27 

Budget is posted on U-46 internet site immediately after approval 

Certified Adopted Budget filed with County Clerks, 

Certified Adopted Budget filed with ROE, 

Adopted Budget submitted electronically to ISBE 

including Report of Vendors Contacts of $1,000 or more 

(must be done within 30 days of adoption) October 26 

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1-16 

School District 

U-46 

District Map

ORGANIZATIONAL


Description of the District 


School District U-46 operates as a public school system governed by an elected seven-member 

Board of Education. The District is organized under the School Code of the State of Illinois, as 

amended. The District serves the communities of Bartlett, Elgin, Hanover Park, South Elgin, 

Streamwood, Wayne, and portions of Carol Stream, Hoffman Estates, St. Charles, Schaumburg, 

and West Chicago. 

School District U-46 is the second-largest school district in Illinois. Covering 90 square miles, the 

District is located approximately 45 minutes northwest of Chicago. School District U-46 serves 

more the 41,000 children in grades PreK-12 at our 56 school buildings. 

U-46 has paved the way for student success and prepares our students to be citizens of the world. 

With a diverse community, our children receive specialize attention and numerous programs 

available to fit their needs. Some of our special offerings include an academy program at the high 

schools, honors and gifted programs, English Language Learners program, special education for 

those students in need, and various sports, clubs and activities to match a wide range of student 

interests. 

The mission of School District U-46 is to help all of our children realize and maximize their 

individual potential to become responsible, productive, and contributing members of our 

community and society. Our students come to the classroom with backgrounds representing 

many cultures, making our schools rich with ethnic, cultural and socioeconomic diversity, mirroring 

the global society to which our students will contribute their skills. 

The focus of the District is Academic Success for All. To achieve this bold goal, U-46 staff 

operates under the guidance of a District Improvement Plan, which was first adopted by the Board 

of Education in 2003-2004. The Plan is designed to transform U-46 into a standards-driven, 

assessment-based culture that focuses staff time, talents and resources on improving student 

learning and provides teachers with better data to determine instructional practices. The Board 

directed that an updated and expanded Plan be adopted and implemented annually. 

Following are the governmental funds used by the District: 

Operating Funds (or General Fund) 




Special Revenue Funds 






2-1

Capital Projects Funds 


Site and Construction Fund 


The above listing includes all funds of the District. 

Governmental fund financial statements are reported using the current financial resources 

measurement focus and the modified accrual basis of accounting. This is also the manner 

in which these funds are budgeted. This presentation is deemed most appropriate to 

(a) demonstrate legal and covenant compliance, and (b) demonstrate the source and use 

of liquid resources. 

Governmental fund revenues are recognized as soon as they are both measurable and available. 

Revenues are considered to be available when they are collected within the current period or soon 

enough thereafter to pay liabilities of the current period. For this purpose, the District considers 

revenues to be available if they are collected within sixty-five days of the end of the current fiscal 

year. The District uses sixty-five days in order to capture reimbursement payments released by 

the State of Illinois during the months of July and August. 

Non-exchange transactions, in which the District receives value without giving equal value in 

return, include property taxes, replacement taxes, grants, entitlements, and donations. The 

District will recognize 50% of the 2009 tax extension and 50% of the 2010 extension in FY 2011, 

as this is the period for which the taxes have been levied (intended to finance). Revenue from 

replacement taxes is recognized when collected by the state, prior to disbursement to the District. 

Revenue from grants, entitlements, and donations are recognized is the fiscal year in which all 

eligibility requirements have been satisfied. Eligibility requirements include timing requirements, 

which specify the year when the resources are required to be used or the year when use is first 

permitted, matching requirements, in which the District must provide local resources to be used for 

a specified purpose, and expenditure requirements, in which the resources are provided to the 

District on a reimbursement basis. 

Revenues considered to be susceptible to accrual include property taxes, intergovernmental 

revenue, and interest income. All other revenue items are considered to be measurable and 

available only when cash is received by the District. 

Governmental fund expenditures generally are recorded when a liability is incurred, as under full 

accrual accounting. However, debt service expenditures, as well as expenditures related to 

compensated absences, termination benefits, and claims and judgments, are recorded only when 

payment is due. 

2-2


Board Policy – Fiscal Management Goals 


Board Policy 4.001 – Fiscal Management Goals 

Financial planning for School District U-46 is conducted keeping in mind the parameters of Board 

Policy 4.001 – Fiscal Management Goals. That Board Policy is as follows: 

The Board of Education recognizes that money and money management comprise the financial 

support of the whole school program. To make that support as effective as possible, the Board 

intends: 

1. To require advanced planning through the best possible budget procedures. 

2. To explore all practical and legal sources of dollar income. 

3. To guide the expenditure of funds so as to achieve the greatest educational returns. 

4. To require accuracy and maximum efficiency in accounting and reporting procedures. 

5. To maintain a balanced budget and/or positive fund balances. 

As trustee of community, state, and federal funds allocated for use in local education, the Board of 

Education has the responsibility to protect the funds and use them wisely. 

The Board of Education recognizes the factor of accountability in planning and budgeting 

expenditures of public funds. 

2-3


Illinois Budget Statute 


(105 ILCS 5/Art. 17 heading) 

ARTICLE 17. BUDGETS--TAX RATES--TAX WARRANTS 

(105 ILCS 5/17-1) (from Ch. 122, par. 17-1) 

Sec. 17-1. Annual Budget. The board of education of each 

school district under 500,000 inhabitants shall, within or 

before the first quarter of each fiscal year, adopt and file 

with the State Board of Education an annual balanced budget 

which it deems necessary to defray all necessary expenses and 

liabilities of the district, and in such annual budget shall 

specify the objects and purposes of each item and amount 

needed for each object or purpose. 

The budget shall be entered upon a School District Budget 

form prepared and provided by the State Board of Education and 

therein shall contain a statement of the cash on hand at the 

beginning of the fiscal year, an estimate of the cash expected 

to be received during such fiscal year from all sources, an 

estimate of the expenditures contemplated for such fiscal 

year, and a statement of the estimated cash expected to be on 

hand at the end of such year. The estimate of taxes to be 

received may be based upon the amount of actual cash receipts 

that may reasonably be expected by the district during such 

fiscal year, estimated from the experience of the district in 

prior years and with due regard for other circumstances that 

may substantially affect such receipts. Nothing in this 

Section shall be construed as requiring any district to change 

or preventing any district from changing from a cash basis of 

financing to a surplus or deficit basis of financing; or as 

requiring any district to change or preventing any district 

from changing its system of accounting. 

To the extent that a school district's budget is not 

balanced, the district shall also adopt and file with the 

State Board of Education a deficit reduction plan to balance 

the district's budget within 3 years. The deficit reduction 

plan must be filed at the same time as the budget, but the 

State Superintendent of Education may extend this deadline if 

the situation warrants. 

The board of education of each district shall fix a fiscal 

year therefore. If the beginning of the fiscal year of a 

district is subsequent to the time that the tax levy due to be 

made in such fiscal year shall be made, then such annual 

budget shall be adopted prior to the time such tax levy shall 

be made. The failure by a board of education of any district 

to adopt an annual budget, or to comply in any respect with 

the provisions of this Section, shall not affect the validity 

of any tax levy of the district otherwise in conformity with 

the law. With respect to taxes levied either before, on, or 

after the effective date of this amendatory Act of the 91st 

General Assembly, (i) a tax levy is made for the fiscal year 

in which the levy is due to be made regardless of which fiscal 

2-4

year the proceeds of the levy are expended or are intended to 

be expended, and (ii) except as otherwise provided by law, a 

board of education's adoption of an annual budget in 

conformity with this Section is not a prerequisite to the 

adoption of a valid tax levy and is not a limit on the amount 

of the levy. 

Such budget shall be prepared in tentative form by some 

person or persons designated by the board, and in such 

tentative form shall be made conveniently available to public 

inspection for at least 30 days prior to final action thereon. 

At least 1 public hearing shall be held as to such budget 

prior to final action thereon. Notice of availability for 

public inspection and of such public hearing shall be given by 

publication in a newspaper published in such district, at 

least 30 days prior to the time of such hearing. If there is 

no newspaper published in such district, notice of such public 

hearing shall be given by posting notices thereof in 5 of the 

most public places in such district. It shall be the duty of 

the secretary of such board to make such tentative budget 

available to public inspection, and to arrange for such public 

hearing. The board may from time to time make transfers 

between the various items in any fund not exceeding in the 

aggregate 10% of the total of such fund as set forth in the 

budget. The board may from time to time amend such budget by 

the same procedure as is herein provided for its original 

adoption. 

Beginning July 1, 1976, the board of education, or 

regional superintendent, or governing board responsible for 

the administration of a joint agreement shall, by September 1 

of each fiscal year thereafter, adopt an annual budget for the 

joint agreement in the same manner and subject to the same 

requirements as are provided in this Section. 

The State Board of Education shall exercise powers and 

duties relating to budgets as provided in Section 2-3.27 of 

this Code and shall require school districts to submit their 

annual budgets, deficit reduction plans, and other financial 

information, including revenue and expenditure reports and 

borrowing and interfund transfer plans, in such form and 

within the timelines designated by the State Board of 

Education. 

By fiscal year 1982 all school districts shall use the 

Program Budget Accounting System. 

In the case of a school district receiving emergency State 

financial assistance under Article 1B, the school board shall 

also be subject to the requirements established under Article 

1B with respect to the annual budget. 

(Source: P.A. 94-234, eff. 7-1-06.) 

2-5

District U-46 

Communities 



Organization Chart 

August 2010 

Superintendent of Schools 

Assistant Superintendent, 

Elementary Education 

Assistant Superintendent 

Secondary Education 

Chief of Family & 

Community 

Engagement 

Chief 

Human 

Resources 

Chief 

Legal Officer 

Chief of 

Communications & 

Public Accountability 

Chief Operations 

Officer ** 

Elementary School 

Principals 

Cluster 1 

Leader Elementary 

Schools 

Cluster 2 

Leader Elementary 

Schools 

Cluster 3 

Secondary 

School Principals 

2-6 


Principals Cluster 2 


Principals Cluster 3 

Director, Alternative 

Education 

Director, Special 

Ed. 

Director, Human 

Resources 

Director, Assessment 

& Accountability 

Director, Business 

Services 

Director, Plant 

Operation 

Director, Food & 

Nutrition Service 

Director, ELL 

Director, Early 

Learner Initiatives 

Director, Literacy 

& Learning 

Assist Dir., Special 

Ed. 

Director, 

Transportation 

Director, Financial 

Operations 

Director, Information 

Services 

Coord., 

Family 

Welcome 

Center 

Coord., 

Dual 

Language 

Coord., Assessment 


Coord., Student 

Discipline 

Coord., Gifted/AP/ 

Academies 

Coord., Assessment 


Project Mgr., Strategic 

Planning & 

Performance 

Management 

Coord., School 

District Safety 

Coord., 

Communications 

Support 

Coordinator, 

Payroll 

Supervisor District 

Records 

Coord., Fine Arts/ 

Elem. PE/Health 

Coord., Career and 

Tech Ed 

Coord., ELL 

Initiatives 

Coord., Math/ 

Science 

Teacher 

Effectiveness 

Initiatives 

Coord., ELL 

Initiatives 

Coord., RtI 

*K-12 

Instruction 

** QMS 

Management 

Representative


District Leadership 



State law holds school boards responsible for policies in these areas: approval of courses of study 

and textbooks, adoption of an annual budget, construction, furnishing and maintenance of 

facilities, and employment and evaluation of the superintendent. 

Elected members serve four-year terms and are not paid for their services. To be eligible to 

serve, a school board member must meet the following requirements on the date of election: 

be a citizen of the United States, at least 18 years old, a registered voter, a resident of the State 

of Illinois, and a resident of School District U-46 for at least one year immediately preceding the 

election. Two staff members and one student sit at the table with the members of the Board of 

Education. Superintendent José M. Torres, Chief Legal Officer Patrick Broncato, who serves as 

Board Secretary, and Nasir Almasri, Student Advisor to the Board, are resource persons, but do 

not vote. 

Board meetings are generally held twice each month, usually on the first and third Monday, at 

7 p.m., unless the school schedule dictates otherwise. The meetings are open to the public and 

comments are heard from community members during the Comments from the Audience section 

of the agenda. The meeting schedule and official board minutes are posted on the District web 

site. 

Superintendent 

José M. Torres is the chief executive for School District U-46. He is a 2005 Broad Fellow and 

holds a Bachelor of General Studies, a Master of Education and Doctor of Philosophy in 

Educational Administration from the University of Maryland. 

Dr. Torres has five core beliefs: 

1. Students learn what they’re taught and rise to the level of our expectations; 

2. Parents are our partners; 

3. To improve instruction, we need to improve teaching and learning through professional 

development; 

4. Leadership and accountability are at every level of the organization; and 

5. Every member of this community shares the responsibility for successful schools. 

In 2010-11, Superintendent Torres’ staff includes the Assistant Superintendent of Elementary 

Education, Assistant Superintendent of Secondary Education, Chief of Communications and 

Public Accountability, Chief of Family and Community Engagement, Chief of Human Resources, 

Chief Legal Officer, and Chief Operations Officer. 

2-7


Departments and Services 


The Superintendent and his staff members oversee all program directors and curriculum 

coordinators in U-46. The departments listed below provide specific services to students. 

Alternative and Adult Education Program 

Comprehensive programs for middle school and high school students in alternative education 

programs and the adult education program, including GED preparation. 

Career and Technical Education Program 

Coordination of Career and Technical Education classes; responsible for curriculum development, 

evaluation, staff development, and improvement. Direction of the Northern Kane County Regional 

Education for Employment System #110, for School Districts: 300, 301, 303, and U-46. 

Early Learners Education 

Comprehensive programs for students in early childhood initiatives (ages 3-5) and kindergarten. 

Responsible for supervising SAFE and the Parents as Teachers program (age birth to 3). 

English Language Learners 

Programs for students who are Limited English Proficient (LEP), including ELL/bilingual classes, 

English as a Second Language (ESL), and Dual Language. 

Family Welcome Center 

Assistance for newly arrived families and elementary students, including those who speak little or 

no English, in enrolling in school and accessing information about the community. 

Fine Arts (Art and Music), Elementary Physical Education and Health 

Coordination of district staff and committees in these curriculum areas. Responsible for 

curriculum development, evaluation, improvement and the selection of instructional materials. 

2-8

Food and Nutrition Services 

Direction of the district's food services staff in the planning, preparing, delivering, and serving of 

student meals in conformance with local, state, and federal guidelines; supervision of the national 

free and reduced lunch program. 

Gifted Education and World Languages 

Coordination of programs for students qualifying for gifted education (School Within a 

School/SWAS and the Gifted and Talented Academy). Supervision of honors and Advanced 

Placement (AP) classes and the high school academies. Supports schools in the implementation 

of world languages. 

Health Services 

Support, resources, and personnel/nurses to help maintain optimal health for students and staff. 

Literacy Instruction and Learning 

K-12 language arts programs, curriculum, evaluation and improvement; coordination of the 

selection of instructional materials, coaches, and staff development. 

Math, Science, Instructional Technology & U-46 Planetarium 

Responsibility for curriculum development, evaluation, and improvement in these areas; oversees 

the selection of instructional materials and staff development. 

Project Access 

Preventative and emergency services coordinated by the District’s Homelessness Liaison for 

families in need in U-46. 

SAFE - Before and After-school Program 

SAFE is a self-sustaining program designed to provide quality before and after school care to 

children in U-46, currently enrolled in kindergarten to sixth grades, while their parents work or 

further their own education. 

School District Safety 

District safety, security, and crisis response planning and implementation; responsible for the 

development of policy, procedure and practice surrounding emergency drills and handling critical 

events. 

2-9

Special Education 

Staff coordinates and provides a comprehensive program of services for students with all types of 

special education needs and disabilities. Includes programs in schools and early childhood 

centers and other sites such as Center House, SWEP and Central Schools Program at the ESC. 

Student Discipline 

Responsible for all student disciplinary issues; responds to public inquiries dealing with parent and 

other public dissatisfaction, residency issues and educational options. 

Transportation 

Provides bus transportation for students living 1.5 miles or more from the school (as calculated by 

the U-46 Transportation Department). Transports nearly 27,000 students daily to 56 school 

buildings within the District’s 90-square mile boundaries. 

Other district departments serving students, staff, families, and the community include: 

Assessment and Accountability, Business Services, Communications and Public Accountability, 

District Records, Family and Community Engagement, Financial Services/Operations, Graphic 

Services, Human Resources, Information Services, Legal, Payroll, Plant Operations and 

Maintenance, Response to Intervention, and Teacher Effectiveness Initiatives. 

Most district departments are located at the Educational Services Center, 355 East Chicago Street 

in Elgin, and can be reached at (847) 888-5000. 

2-10


District Mission, Vision and Focus 


Mission 

The mission of School District U-46 is to help all our children realize and maximize their individual 

potential to become responsible, productive, and contributing members of our community and 

society. 

Vision 

The vision of School District U-46 is to provide an education that successfully meets the needs of 

a large and diverse student population and effectively prepare each for the future. Success will 

result from a sense of ownership by all partners in the education process – students, parents, staff 

and all other community members. All will be committed to operating a highly respected school 

district that has a shared sense of purpose, effective communication, trust, goodwill, fiscal 

responsibility and pride. Continual improvement will be achieved through clear direction with an 

eye toward the future and committed efforts of all. 

Focus 

The focus of the District is “Academic Success for All.” This achieve this bold goal, U-46 staff 

operates under the guidance of a District Improvement Plan (DIP), which was first adopted by 

the Board of Education in 2003-2004. The plan is designed to transform U-46 into a standardsdriven, 

assessment based culture that focuses staff time, talents and resources on improving 

student learning and provides teachers with better data to determine instructional practices. 

The Board directed that an updated and expanded District Improvement Plan be adopted and 

implemented annually. 

2-11


District Improvement Plan 


The eighth consecutive District Improvement Plan (DIP) was approved in March, 2010, and 

provides guidance for the 2010-2011 school year. This year, the DIP focuses on 10 areas of 

work and continues to build on recent successes. 

The District’s Theory of Action is: “If we have effective teaching and learning, and effective school 

leadership, then we will reach our goal of Academic Success for All.” 

Since 2003, the District Improvement Plan has served as the District’s guiding management 

instrument that spells out our pursuit of quality with specific goals. It is organized and publicized 

in a one-page format with five pillars: Teaching, Learning and Leadership; Recognition and 

Interventions; Operational Excellence; Accountability for Continuous Improvement; and Family 

and Community Engagement. The aim and focus is: “College and Workplace Readiness and 

Elimination of Achievement Gaps.” 

Of the ten areas of work in the District Improvement Plan, six are priorities for 2010-11: 

implementing effective strategies in the classroom, supporting leaders, continuing the 

implementation of the Teacher Appraisal Plan, implementing Response to Intervention (RTI), 

recognizing achievement, and increasing family and community engagement. At the same time, 

district leaders are creating a plan that includes benchmarks and targets and performance 

management—to monitor progress in reaching the goal of “Academic Success for All.” 

Visit www.u-46.org to see the District Improvement Plan webpage which provides current 

information and monthly updates. 

The 2010-2011 District Improvement Plan is shown on the following page. 

2-12

2010-2011 

DISTRICT IMPROVEMENT PLAN 

Our Aim: College & Workplace Readiness and Elimination of Achievement Gaps 

Teaching, Learning & 

Leadership 

Recognition & 

Interventions 

Operational Excellence 

Accountability for 

Continuous 

Improvement 

Family and Community 

Engagement 

2-13 

Identify and implement 

high impact strategies 

such as review of 

grading policy, tasks 

assigned to students, 

alternative scheduling, 

and common 

assessment to ensure 

high expectations for 

students. 

Develop and support 

Pre-K -12 leaders 

throughout the 

different phases of their 

leadership work—from 

aspiring to retiring. 

Continue to implement 

the Teacher Appraisal 

Plan (TAP) to increase 

powerful teaching and 

learning opportunities 

for all students. 

Implement Response to 

Intervention (RtI) to 

improve student 

performance and close 

the achievement gaps 

among student groups. 

Continue to recognize 

achievement and 

contributions at all 

levels. 

Use human, 

technological, and 

financial resources 

efficiently and 

effectively to increase 

student achievement. 

Continue to develop 

recommendations to 

address student 

enrollment changes 

within school 

boundaries. 

Continue to maintain a 

safe and nurturing 

environment in our 

schools. 

Create a plan that 

includes benchmarks 

and targets and 

performance 

management to reach 

our goal of academic 

success for all. 

Implement 

comprehensive family 

and community 

engagement strategies 

to increase academic 

achievement. 

Our Theory of Action: If we have effective teaching and learning, 

and effective school leadership, then we will reach our goal of 

Academic Success for All.


Budget Development, Administration and Management 


Annual budgets are adopted for all governmental fund types. The annual budgets are adopted on 

the modified accrual basis of accounting at the fund level. All budgets lapse at fiscal year end. 

The District maintains a system to measure the uncommitted budget amount available for 

expenditures at any time during the year. For budgetary purposes, appropriations lapse at June 

30, 2011, and outstanding encumbrances are canceled at that date. 

On or before July 1 of each year, the Superintendent is to submit for review by the Board of 

Education a proposed budget for the school year commencing on that date. After reviewing the 

proposed budget, the Board of Education holds public hearings, and a final budget must be 

prepared and adopted no later than September 30. Budgeting for capital expenditures is included 

in this process. 

The appropriated budget is prepared by fund and by function. The Board of Education may make 

transfers between functions within a fund not exceeding the aggregate of 10% of the total of such 

fund, and may amend the total budget following the same procedures required to adopt the 

original budget. The legal level of budgetary control is at the fund level. 

2-14

FINANCIAL


Fund Organization Chart 


Governmental Fund Types 

General Funds 

Special Revenue Funds 


Capital Projects Funds 

3-1 


Transporation Fund 

Operations and 

Maintenance Fund 

Tort Immunity and 

Judgment Fund 

IMRF/Social 

Security Fund 



Fire Prevention and 

Safety Fund 

Capital Projects 

Fund 

Developers Fees Fund


All Funds Description 


All Funds 

The presentation of All Funds is not a separate budget, but is a combination of all District funds. 

3-2


All Funds Summary 


FY 2010 

FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2009 Amended FY 2011 

Actual Actual Actual Actual Budget Actual Budget Budget 

Revenue 

Taxes $ 205,990,985 $ 213,497,056 $ 237,396,650 $ 246,187,941 $ 265,953,721 $ 255,821,655 $ 264,920,473 $ 272,722,894 

Local Revenue 16,580,917 26,506,371 23,664,997 22,390,040 23,319,999 18,151,864 17,649,193 17,386,428 

General State Aid 64,906,589 69,525,159 67,600,037 68,831,089 69,109,646 69,713,879 66,019,919 50,774,220 

Categoricals 33,795,239 39,385,261 42,329,718 32,801,960 44,167,085 41,023,867 82,593,399 76,587,197 

Federal Aid 22,264,722 22,204,364 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 40,929,244 

Other Revenue 1,826,767 634,784 427,046 542,872 430,198 256,885 397,500 422,500 

Total Revenue 345,365,219 371,752,995 393,620,827 397,401,234 430,652,662 408,762,382 471,289,901 458,822,483 

3-3 

Expenditures 

Salaries 185,025,447 201,024,065 218,092,650 230,215,825 239,796,577 242,855,953 241,140,335 224,922,660 

Employee Benefits 65,440,438 62,688,718 66,785,590 71,302,308 76,776,831 83,182,648 82,572,233 72,611,540 

Purchased Services 28,258,664 29,988,362 32,531,136 30,325,627 33,438,360 30,841,811 32,954,732 31,195,817 

Supplies and Materials 18,605,193 26,188,407 24,410,588 26,768,100 28,304,257 25,864,712 24,974,911 23,771,137 

Capital Outlay 29,845,493 29,029,137 15,969,307 19,116,595 19,074,568 14,846,901 16,605,328 7,283,311 

Other Expenditures 25,951,635 26,650,588 31,242,568 36,280,642 36,943,292 40,387,142 42,644,427 43,090,920 

Contingency, Tuition and Non-Capitalized Equipment 9,267,083 9,594,690 9,397,715 8,062,735 11,967,832 11,111,631 50,938,603 53,854,063 

Total Expenditures 362,393,953 385,163,967 398,429,554 422,071,832 446,301,717 449,090,798 491,830,569 456,729,448 

Excess (Deficiency) of Revenues Over Expenditures (17,028,734) (13,410,972) (4,808,727) (24,670,598) (15,649,055) (40,328,416) (20,540,668) 2,093,035 

Total Other Financing Sources (Uses) 1,124,196 22,922,984 15,386,920 9,648,177 4,600,000 4,195,926 34,682,565 - 

Net Change in Fund Balance (15,904,538) 9,512,012 10,578,193 (15,022,421) (11,049,055) (36,132,490) 14,141,897 2,093,035 

Fund Balance at Beginning of Year 109,740,073 93,835,535 103,347,547 113,925,740 82,803,751 82,803,751 46,582,735 60,724,632 

Fund Balance at End of Year $ 93,835,535 $ 103,347,547 $ 113,925,740 $ 98,903,319 $ 71,754,696 $ 46,671,261 $ 60,724,632 $ 62,817,667 

Difference due to change from cash to accrual 

Fund Balance June 30, 2008 $ 98,903,319 

Change due to cash to accrual conversion (16,099,568) 

Fund Balance July 1, 2008 $ 82,803,751




FY 2011 

Budget 

Revenue 

Taxes $ 272,722,894 

Local Revenue $ 17,386,428 

General State Aid $ 50,774,220 

Categoricals $ 76,587,197 

Federal Aid $ 40,929,244 

Other Revenue $ 422,500 

Total Revenue 458,822,483 

3-4 

Categoricals, $76,587,197 , 

17% 

Federal Aid, $40,929,244 , 

9% 

Other Revenue, $422,500 , 

0% 

General State Aid, 

$50,774,220 , 11% 

Taxes, $272,722,894 , 59% 

Local Revenue, $17,386,428 

, 4%




FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2009 FY 2010 FY 2011 


Amend 


Local Revenue 16,580,917 26,506,371 23,664,997 22,390,040 23,319,999 18,151,864 17,649,193 $ 17,386,428 

General State Aid 64,906,589 69,525,159 67,600,037 68,831,089 69,109,646 69,713,879 66,019,919 $ 50,774,220 

Categoricals 33,795,239 39,385,261 42,329,718 32,801,960 44,167,085 41,023,867 82,593,399 $ 76,587,197 

Federal Aid 22,264,722 22,204,364 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 $ 40,929,244 

Other Revenue 1,826,767 634,784 427,046 542,872 430,198 256,885 397,500 $ 422,500 

Total Revenue 345,365,219 371,752,995 393,620,827 397,401,234 430,652,662 408,762,382 471,289,901 458,822,483 

$500,000,000 

$450,000,000 

$400,000,000 

3-5 

$350,000,000 

$300,000,000 

$250,000,000 

$200,000,000 

$150,000,000 

$100,000,000 

$50,000,000 

$- 

Amend 



Taxes Local Revenue General State Aid Categoricals Federal Aid Other Revenue


All Funds Revenue Detail 


FY 2010 




3-6 

Local Revenue 

Mobile Home Privilege Tax 17,310 18,553 17,035 10,037 10,000 9,584 10,000 10,000 

Corporate Personal Property Replacement Tax 2,779,771 3,587,865 3,958,910 4,363,842 4,800,000 3,763,972 3,163,856 2,689,278 

Village of Hoffman Estates-TIF - - - 204,216 - 81,000 80,000 80,000 

School Tuition 2,571,695 2,792,403 2,859,770 2,345,964 2,500,000 2,227,295 2,500,000 2,500,000 

Trans Fees/Pupils/Parents 310 - 8,984 5,190 10,000 5,410 10,000 10,000 

Fees-Bus Trips-Cocurricular 253,520 274,392 329,719 209,676 250,000 563,178 250,000 250,000 

Interest on Investments 1,505,629 3,241,151 5,600,031 4,157,697 3,999,999 1,107,671 235,337 117,150 

Food Sales to Students-Lunch 4,861,266 5,476,413 5,851,762 6,493,626 7,000,000 6,187,525 7,000,000 7,000,000 

Pupil Activities 418,066 444,635 283,434 455,944 500,000 478,387 500,000 505,000 

Receivable Fees 300,755 193,025 (77,667) 242,746 250,000 149,404 150,000 175,000 

Instructional Materials-Student Program 1,772,251 2,081,960 1,855,526 1,977,574 2,000,000 1,954,876 1,750,000 1,850,000 

Other Local Revenue 2,100,344 8,395,974 2,977,493 1,923,528 2,000,000 1,623,562 2,000,000 2,200,000 

Total Local Revenue 16,580,917 26,506,371 23,664,997 22,390,040 23,319,999 18,151,864 17,649,193 17,386,428 

General State Aid 


General State Aid-ARRA - - - - - 15,769,066 - - 

Transition Assistance 618,913 - 2,307,779 - - - - - 

Total General State Aid 64,906,589 69,525,159 67,600,037 68,831,089 69,109,646 69,713,879 66,019,919 50,774,220 

Categoricals 

Special Education-Private Facility 1,213,648 1,854,535 2,568,962 1,523,224 2,102,158 2,154,336 2,102,158 2,102,158 

Special Education-Extraordinary 3,298,995 3,349,059 4,455,775 3,881,363 5,380,103 5,565,141 5,380,102 5,380,103 

Special Education-Personnel 4,966,954 4,085,021 6,884,708 4,162,794 6,190,521 5,900,404 6,190,521 6,190,521 

Special Education-Orphanage Individual 2,193,988 2,459,694 2,499,018 2,836,892 3,045,652 2,285,715 3,045,652 3,045,652 

Special Education-Orphanage Summer 455,672 332,610 384,170 415,877 516,711 540,545 516,711 516,711 

Special Education-R.E.I. Program (Reim) (37) - - - - - - - 

Special Education-Summer School 28,955 33,784 32,951 32,938 41,860 44,186 41,860 41,860 

Vocational Education Coordination Grant - - - - - - - - 

Vocational Education Program Improvement Grant 416,507 383,092 361,430 420,024 474,052 476,299 338,397 338,397 

Vocational Education-Work Based Learning Grant - - - - - - - - 

Elem Career Develop Program - - - - - - - - 

Bilingual Education-Downstate-T.P. 1,509,768 2,148,680 1,901,565 2,680,685 2,175,606 1,488,486 2,994,533 2,787,910 

Bilingual Education-Downstate-T.B. 214,671 - - - - - - - 

Gifted Education - - - - - - - - 

State Free Lunch and Breakfast 229,512 314,999 283,267 253,831 250,000 363,885 250,000 202,000 

School Breakfast Incentive 41,220 5,215 23,559 10,361 10,000 7,636 5,000 -

3-7 



Driver Education 185,550 206,351 237,595 234,848 250,000 211,326 250,000 341,000 

Adult Education State Performance 19,875 13,253 14,015 17,209 26,511 15,098 22,116 22,116 

Adult Education State Basic 126,864 129,140 144,416 135,211 150,707 96,943 151,542 151,543 

Adult Education Public Assistance 42,518 36,690 35,121 35,276 60,762 45,572 78,590 78,590 

National Board Certification I 34,000 57,922 57,000 47,078 47,078 54,000 23,539 - 

National Board Certification I - 20,500 7,000 12,000 12,000 69,000 6,000 - 

Truants Alternative/Optional Education 282,446 297,573 300,713 312,429 315,749 350,091 159,453 124,054 

State Schools Grant (ROE) 57,236 363,000 222,662 79,122 275,536 210,282 202,662 126,866 

Safe Enrichment Grant (ROE) 13,878 - - - - - - - 

Early Childhood-Pre K 2,505,698 2,730,328 3,065,093 3,708,357 3,383,984 3,872,955 - - 

Early Childhood-Project Prepares 131,304 180,551 144,136 177,314 148,824 93,015 - - 

Early Childhood-P A T - - - - - - - - 

Early Childhood-Reading First - - - - - - - - 

Early Childhood-Preschool At - - - - - - - - 

Early Childhood-Block Grant - 459,046 47,095 - - - - - 

Early Childhood-Preschool For All Children - - 140,935 175,804 224,638 133,487 - - 

Early Childhood-Prevention Initiative - - 119,497 148,008 314,164 84,000 - - 

Reading Improvement Program 1,211,469 1,176,785 1,138,736 1,123,592 1,237,271 998,028 1,113,544 520,025 

Reading Improvement Block-Reading 26,100 17,050 - - - - - - 

In-Aid State ROE Certificates - - - - - - - - 

ADA Safety and Educational Block 1,834,781 1,202,314 1,403,878 1,300,439 1,400,000 1,321,188 1,400,000 - 

Technology-Closing the Gap (10,586) - - - - - - - 

State Library Grant 27,460 27,776 27,726 28,291 28,000 28,720 28,682 28,327 

Weed and Feed Grant - 20,000 - - - - - - 

Summer Bridges Revenue 615,406 731,197 731,197 726,600 718,677 809,929 720,011 - 

Family Literacy - - - 17,849 - 8,063 - - 

Orphanage Tuition-18-3 89,912 145,485 16,100 36,011 40,000 57,564 67,650 - 

Green Schools Demo Project 65,000 - - - - - - - 

Advanced Placement Classes - - 81,576 156,632 - - - 50,467 

Arts and Foreign Language Planning - - - - - 12,509 6,249 - 

Teacher Induction Mentoring - - - - - 66,181 - - 

Illinois EPA Grant - 2,090 - - - - - 6,249 

Energy and Recycling Grant - - - 17,771 - 1,975 - - 

Transportation-Regular 5,023,870 6,174,531 7,042,755 3,917,006 6,759,387 5,334,532 7,129,276 4,163,498 

Transportation-Special Education 6,809,683 5,135,262 7,957,067 4,177,124 8,587,134 8,322,776 8,369,151 8,369,151 

Capital Development Board - 5,298,022 - - - - - - 

Other Revenue From State Sources 132,922 (6,294) - - - - - - 

On Behalf Revenue - State - - - - - - 42,000,000 42,000,000 

Total Categoricals 33,795,239 39,385,261 42,329,718 32,801,960 44,167,085 41,023,867 82,593,399 76,587,197 

Federal Aid 

Title V-Innovative 187,254 109,680 104,563 63,115 11,882 1,002 11,882 11,882 

Breakfast Start Up 27,000 - - - - - - - 

National School Lunch Program 4,363,235 4,804,156 5,484,210 5,785,667 6,200,000 6,568,483 6,200,000 6,200,000 

School Breakfast Program 272,515 750,818 973,227 993,439 1,000,000 1,369,078 1,000,000 1,000,000 

Fresh Fruit and Vegetable Program - - - - - 27,355 30,598 30,598 

Child Nutrition Commodity/Salvage - - 4,443 - - 2,651 - -

3-8 



Title I-Low Income 2,996,907 3,021,363 4,133,632 5,298,322 5,694,689 3,479,393 5,527,197 6,001,268 

Title I-Low Income-Neglect 100,378 131,707 98,028 127,099 209,504 43,783 30,139 30,139 

Title I-School Improvement - - - - - - - - 

Title I Comprehensive School Reform-Ellis 65,935 43,335 (2,510) - - - - - 

C S R Demonstr Prog-Larsen 69,089 - - - - - - - 

C S R Demonstr Prog-Streamwood 72,440 44,549 (456) - - - - - 

C S R Demonstr Prog-Parkwood (28,618) - - - - - - - 

C S R Demonstr Prog-Channing 36,500 36,000 (19,164) - - - - - 

C S R Demonstr Prog-EHS 58,486 46,769 15,560 1,000 - - - - 

C S R Demonstr Prog-Sheridan 124,624 56,316 9,000 6,000 - - - - 

Title I-Accountability - - - - - - - - 

Title I-Reading First 1,414,479 - 359,996 - - - - - 

Even Start 213,453 214,324 118,590 128,400 150,000 8,656 150,000 150,000 

Illinois Teachers Educ Partnership - 40,184 19,875 - - - - - 

Title IV-Safe and Drug Free Schools 126,790 181,336 109,582 139,031 126,133 93,711 124,058 149,870 

21st Century Comm Learning 343,700 484,116 365,392 5,575 - - - - 

21st Century Comm Learning - - 258,180 244,337 309,539 275,978 615,530 615,530 

Fed-Sp Ed-Pre-School Flow 145,889 157,943 242,141 139,132 169,982 169,982 176,057 167,000 

Fed-Sp Ed-IDEA Flow Through 6,542,718 6,480,449 5,407,633 7,762,222 8,488,588 7,461,252 7,732,779 7,433,038 

Room and Board PL 94-192 Spec Ed 31,787 7,718 - 342,089 255,480 403,409 255,480 255,480 

Early Childhood Reading First 424,337 419,960 162,511 - - - - - 

Voc Ed Perkins Title Iic 251,885 187,478 331,385 295,028 446,581 336,421 378,416 378,416 

Education to Careers - - - - - - - - 

Fed Adult Ed Basic 156,441 141,006 126,767 104,050 205,521 128,229 152,735 152,735 

Adult Ed State Performance - - - - - - - - 

Adv Placement Fees Incentive 15,000 9,033 20,125 (1,782) - - - - 

ARRA-Title I-Part A - - - - - - 2,574,594 3,513,904 

ARRA-Title I-Low Income - - - - - - 28,227 - 

ARRA-IDEA Preschool - - - - - - 188,485 234,602 

ARRA-IDEA Flow Through - - - - - - 5,155,423 5,226,954 

ARRA-McKinley-Vento Homeless Grant - - - - - - 22,988 22,998 

ARRA-Early Childhood Block Grant - - - - - - 3,260,662 3,260,662 

ARRA-Early Childhood Block Grant - - - - - - 153,704 153,704 

ARRA-Preschool For All Children - - - - - - 220,320 220,320 

ARRA-EC Prevention Initiative - - - - - - 128,520 128,520 

Emergency Immigrant Assistance - 465,964 164,909 - - - - - 

Title III Lang Inst Prog Lim English 1,276,305 916,334 332,227 1,714,915 1,128,602 865,255 2,159,030 2,159,030 

Learn and Serve America 4,731 36,632 7,862 16,764 19,862 11,147 16,000 16,000 

McKinney Education for the Homeless 17,500 56,327 24,891 - - - - - 

Title II-Teacher Quality 1,284,648 1,040,632 1,310,520 1,014,291 1,331,654 668,892 1,384,360 1,384,360 

Reading Excellence Grant - - - - - - - - 

Dept of Rehab Services 59,313 43,954 34,886 64,189 58,000 72,556 58,000 58,000 

Technology-Enhancing Education 63,419 86,494 52,304 65,526 44,196 54,235 49,026 49,026 

Middle School Prevention Grant 213,752 76,797 - - - - - - 

Teaching American History 74,500 183,349 88,326 232,023 265,003 252,301 368,410 368,410 

CiviConnections - 4,491 245 - - - - - 

Hurricane Emergency Relief Act - 42,750 21,375 - - - - -



Medicaid Fee for Service 90,418 351,029 477,102 326,625 340,000 722,701 340,000 340,000 

Administrative Outreach 1,058,070 1,396,091 1,246,202 1,540,081 1,200,000 - 1,200,000 1,200,000 

Teacher Mentoring - - - - - 774,644 - - 

FIE Learning Std and C&TE 84,842 89,753 34,784 38,492 - - - - 

Enhancing Math 25,000 - - - - - - - 

All Day Kindergarten - 44,665 84,036 201,702 16,797 3,118 16,797 16,797 

Kane County Recycling Bin - 862 - - - - - - 

Total Federal Aid 22,264,722 22,204,364 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 40,929,244 

3-9 

Other Revenue 

McKinley Digital Divide - - - - - - - - 

Education-to-Career Mini-Grant - - - - - - - - 

Strata Systems Grant - - - 10,000 - - - - 

Kane County Recycling Bin 800 (212) (250) - - - - - 

Illinois Professional Learning 14,447 - - - - - - - 

PEP - - - - - - - - 

Dept of Commerce (DCCA) (6,810) - - - - - - - 

Project Lead the Way - - - - - 25,000 - 25,000 

Prof Dev for K-3 ICARE 105,746 50,886 - - - - - - 

Illinois Teachers Educ Partnership 56,941 - - - - - - - 

ROE Staff Development - 5,410 - - - - - - 

Midwest Dairy Association Grant - - 17,150 - - - - - 

ISU-SAELP Grant - 20,000 74,415 - - - - - 

Paid Summer Intervention - - - - - - - - 

Stupski Foundation - - - 100,000 - - - - 

Kane County Health Department - - 4,000 3,163 - - - - 

Workforce Development 219,222 54,208 - - - - - - 

SHS Smaller Learning Communities 204,544 142,422 52,593 74,041 - - - - 

National Science Foundation - 13,318 9,833 10,089 1,279 640 - - 

Grand Victoria Foundation 175,000 - - 155,550 228,919 228,950 - - 

Riverside Pub Bilingual PEL 26,483 235,070 - - - - - - 

Grand Victoria Foundation - - - - - - 197,500 197,500 

Concert Revenue 1,229 2,474 2,069 1,795 - 2,295 - - 

21st Century Community Learning - - - - - - - - 

NIA Flow Thru 357,930 111,208 167,236 188,234 200,000 - 200,000 200,000 

Miscellaneous Other Funding Sources 671,235 - 100,000 - - - - - 

Total Other Revenue 1,826,767 634,784 427,046 542,872 430,198 256,885 397,500 422,500 

Total Revenue $ 345,365,219 $ 371,752,995 $ 393,620,827 $ 397,401,234 $ 430,652,662 $ 408,762,382 $ 471,289,901 $ 458,822,483




FY 2011 

Budget 

Expenditures 

Salaries $ 224,922,660 

Employee Benefits $ 72,611,540 

Purchased Services $ 31,195,817 

Supplies and Materials $ 23,771,137 

Capital Outlay $ 7,283,311 

Other Expenditures $ 43,090,920 

Contingency, Tuition and Non-Capitalized Equipment $ 53,854,063 

Total Expenditures 456,729,448 

3-10 

Contingency, Tuition and Non- 

Capitalized Equipment, $53,854,063 

, 12% 

Other Expenditures, $43,090,920 , 

9% 

Capital Outlay, $7,283,311 , 2% 

Salaries, $224,922,660 , 49% 

Supplies and Materials, 

$23,771,137 , 5% 

Purchased Services, $31,195,817 , 

7% 

Employee Benefits, $72,611,540 , 

16%






Amend 

Expenditures 

Salaries $ 185,025,447 $ 201,024,065 $ 218,092,650 $ 230,215,825 $ 239,796,577 $ 242,855,953 $ 241,140,335 $ 224,922,660 

Employee Benefits $ 65,440,438 $ 62,688,718 $ 66,785,590 $ 71,302,308 $ 76,776,831 $ 83,182,648 $ 82,572,233 $ 72,611,540 

Purchased Services $ 28,258,664 $ 29,988,362 $ 32,531,136 $ 30,325,627 $ 33,438,360 $ 30,841,811 $ 32,954,732 $ 31,195,817 

Supplies and Materials $ 18,605,193 $ 26,188,407 $ 24,410,588 $ 26,768,100 $ 28,304,257 $ 25,864,712 $ 24,974,911 $ 23,771,137 

Capital Outlay $ 29,845,493 $ 29,029,137 $ 15,969,307 $ 19,116,595 $ 19,074,568 $ 14,846,901 $ 16,605,328 $ 7,283,311 

Other Expenditures $ 25,951,635 $ 26,650,588 $ 31,242,568 $ 36,280,642 $ 36,943,292 $ 40,387,142 $ 42,644,427 $ 43,090,920 

Contingency, Tuition and Non-Capitalized Equipment $ 9,267,083 $ 9,594,690 $ 9,397,715 $ 8,062,735 $ 11,967,832 $ 11,111,631 $ 50,938,603 $ 53,854,063 

Total Expenditures 362,393,953 385,163,967 398,429,554 422,071,832 446,301,717 449,090,798 491,830,569 456,729,448 

$500,000,000 

$450,000,000 

$400,000,000 

$350,000,000 

3-11 

$300,000,000 

$250,000,000 

$200,000,000 

$150,000,000 

$100,000,000 

$50,000,000 

$- 

Amend 



Contingency, Tuition and Non-Capitalized Equipment 

Other Expenditures 

Capital Outlay 

Supplies and Materials 

Purchased Services 

Employee Benefits 

Salaries


All Funds Expenditure Detail by Object 


3-12 

FY 2010 



Salaries 

Teachers Salaries $ 115,941,686 $ 124,195,829 $ 135,362,280 $ 140,664,059 $ 147,697,262 $ 150,370,948 $ 154,918,057 $ 142,820,430 

Administrative Salaries 15,981,094 17,238,686 19,764,528 19,931,629 20,902,354 20,855,753 18,786,330 17,538,812 

Technical Salaries 5,059,787 5,277,909 5,854,969 6,955,475 7,303,248 6,958,585 7,117,420 6,981,136 

Temporary Salaries 263,070 318,745 129,164 223,967 235,166 215,251 254,992 106,829 

Permanent Substitute Salaries 1,260,991 1,230,628 1,716,786 2,293,986 2,408,686 1,818,655 500,000 310,964 

Daily Substitute Salaries 3,559,144 4,689,474 4,537,177 4,957,568 5,005,446 3,849,357 4,087,958 2,694,681 

Hourly Substitute Salaries 140,387 84,237 116,213 140,629 147,661 153,999 91,303 98,274 

Other Hourly Extra Curr Superv 1,450,920 2,071,953 1,600,221 2,633,430 2,766,921 2,291,269 2,033,279 2,405,422 

Athletic Extra Curr Supervision 432,481 410,143 270,114 354,912 372,657 324,907 344,060 297,653 

Noon Supervision 1,696,363 1,802,118 1,907,339 2,095,156 2,199,914 2,323,812 2,203,924 2,188,781 

Stipends 3,148,138 3,861,309 4,456,911 5,048,996 5,503,947 6,015,374 6,795,322 4,701,831 

Overtime Time and a Half 1,601,390 1,710,716 2,237,031 2,192,628 1,941,391 1,624,088 1,414,803 904,109 

Overtime Double Time 97,644 100,020 120,770 113,747 90,178 105,818 110,569 81,753 

Teachers Aides and Assistants 391,774 499,027 378,416 990,755 990,755 1,009,104 37,627 449,873 

Special Education Aides 4,454,688 4,934,530 4,830,529 4,742,410 4,742,410 5,421,879 5,694,036 5,703,595 

Bilingual Aides 763,257 761,347 835,101 744,645 744,645 762,230 157,486 343,012 

Para Professionals 864,626 975,063 995,369 1,078,339 1,078,339 1,010,986 1,095,070 1,206,178 

Deans Assistants 1,163,633 1,321,821 1,492,037 1,516,700 1,592,535 1,921,675 1,486,160 1,437,756 

12-Month Secretaries 3,863,513 4,435,217 4,606,683 4,913,355 4,913,355 5,612,233 5,567,946 4,991,548 

10-Month Secretaries 3,760,374 4,457,419 4,788,109 5,012,453 5,012,453 5,182,356 4,052,091 4,244,860 

Clerical Aides 1,286,867 1,503,041 1,553,232 1,894,282 1,894,282 1,874,113 958,960 1,940,681 

Liasons - - - 330,274 330,274 307,531 1,113,688 252,828 

Custodians 3,734,747 3,894,455 3,747,537 3,639,787 3,639,787 3,829,517 3,921,348 3,773,076 

Maintenance 1,508,483 1,670,257 1,727,745 1,735,974 1,735,974 1,760,110 1,689,881 1,698,194 

Grounds 639,185 695,345 795,910 790,347 790,347 859,648 846,308 779,816 

Drivers 8,170,000 8,655,930 9,441,361 9,943,961 10,441,160 10,644,299 10,754,394 11,433,892 

Driver Aide 670,135 661,386 819,837 904,934 939,451 1,137,271 967,635 944,471 

Mechanics 417,630 427,399 494,127 520,867 543,785 590,481 540,166 576,794 

Dispatchers 275,958 297,977 316,456 312,741 326,501 364,922 376,739 299,419 

Food Service Tech 2,296,966 2,669,817 3,024,080 3,337,761 3,337,761 3,570,006 3,222,783 3,695,129 

Student Helpers 130,516 172,267 172,618 200,058 167,932 89,776 - 20,860 

Total Salaries 185,025,447 201,024,065 218,092,650 230,215,825 239,796,577 242,855,953 241,140,335 224,922,660 


Teachers Retirement 16,253,377 17,883,406 20,616,845 19,256,533 20,408,897 22,330,356 23,603,417 18,858,593 

Municipal Retirement 4,959,133 5,313,811 5,577,382 6,259,304 6,609,925 6,634,016 6,888,758 6,490,962



Federal Ins Contr Act 2,891,716 3,105,177 3,371,743 3,485,867 3,844,564 3,898,300 3,430,491 3,388,499 

Medicare Contribution 2,209,908 2,469,442 2,774,964 2,892,604 3,174,037 3,340,175 3,396,884 3,521,411 

TRS Early Retirement Contribution 2,303,567 2,615,970 335,121 1,433,324 1,500,000 2,538,605 1,600,000 1,590,994 

Life Insurance 441,020 495,878 440,195 389,615 410,761 404,598 316,043 178,167 

Medical Insurance 35,093,259 38,159,931 31,455,965 34,812,540 37,816,338 41,772,880 40,789,813 36,558,154 

Dental Insurance 1,590,960 1,837,525 1,752,133 2,378,258 2,599,964 2,042,040 2,296,827 1,766,371 

Disability Insurance 504,220 511,246 461,242 394,263 412,345 221,678 250,000 258,389 

Insurance Differential - (9,703,668) - - - - - - 

IMRF/SS/Medicare Allocation (806,722) - - - - - - - 

Total Employee Benefits 65,440,438 62,688,718 66,785,590 71,302,308 76,776,831 83,182,648 82,572,233 72,611,540 

3-13 


Technical Services 1,978,661 1,792,918 982,472 1,395,167 972,824 1,003,117 1,066,639 753,550 

Admin Professional Services 326,867 954,804 277,013 459,274 932,311 479,671 359,753 376,500 

Instructional Professional Ser 3,905,184 3,922,836 3,940,580 2,599,339 4,374,391 4,459,177 5,465,098 5,313,350 

Audit/Financial Services 137,550 85,604 60,700 65,080 65,699 85,672 61,932 100,932 

Legal Services 1,192,992 1,159,381 1,912,155 3,394,440 3,300,000 3,546,604 3,400,000 3,400,000 

Other Tech and Prof Serv 3,566,350 3,501,234 3,998,944 4,318,408 4,575,311 3,358,355 3,429,142 2,108,486 

Superintendent Search - - - - 5,000 7,565 - - 

Sanitation Services 217,479 233,761 252,025 297,489 365,000 280,318 265,000 250,000 

Cleaning Services 128,160 192,577 177,563 198,078 254,850 193,164 196,032 189,500 

Repairs and Maint Services 3,938,490 3,452,313 3,537,198 3,874,366 4,049,631 3,975,361 4,167,057 4,818,251 

Rentals 282,861 196,474 135,202 155,580 124,266 99,397 124,645 122,400 

Contract Cleaning 2,663,514 2,976,834 3,436,783 3,721,254 3,842,000 3,812,086 3,890,000 3,340,000 

Exterminating 13,914 19,918 21,578 25,005 25,000 23,171 25,000 20,000 

Installment Purchases 868,175 1,187,183 1,737,224 262,374 776,136 41,312 82,114 7,200 

Other Property Services 36,857 27,299 33,706 20,282 28,000 108,025 20,000 20,000 

Pupil Transportation 209,084 213,065 200,505 238,903 270,582 200,266 258,162 279,570 

Indistrict/Regional Travel 163,594 179,087 162,469 245,178 251,844 232,419 177,012 169,939 

Travel Conf/Workshops 436,070 562,664 555,866 758,267 856,048 641,549 634,137 665,876 

Out of District Travel 125,986 91,192 68,858 78,981 101,391 67,134 87,485 88,003 

Negotiations Expense 15,308 - - - 2,000 - 1,600 1,600 

Awards and Banquets 7,550 75,645 27,853 76,761 72,100 64,347 1,760 26,600 

Communications/Postage 1,406,746 1,414,535 1,730,829 1,641,861 1,632,608 3,191,116 2,622,031 2,311,392 

Advertising 267,886 401,307 254,682 245,988 253,309 133,774 26,791 26,553 

Printing and Duplicating 241,555 293,225 272,336 296,461 314,681 262,318 231,310 270,910 

Binding 15,634 27,649 15,916 18,451 22,142 20,775 - 57,000 

Copier Service/Repair 427,428 303,628 471,875 497,769 472,500 562,456 678,990 658,852 

Copier Lease/Rental 715,874 1,663,280 2,145,521 844,145 773,326 (146,358) 936,642 119,062 

Insurance 1,920,751 1,780,292 1,892,317 1,449,214 1,474,234 918,056 1,473,830 550,000 

Workers Compensation 1,789,241 2,301,499 2,397,120 1,968,902 2,015,508 2,278,335 2,057,799 1,474,000 

Unemployment Compensation 317,858 204,077 277,918 265,953 211,268 249,226 359,200 2,000,000 

Property Claims/Tort 258,571 72,895 16,423 3,533 28,000 3,704 4,840 1,500,000 

Liability/Tort Immunity 66,512 61,844 938,003 10,711 50,000 60,000 50,000 -



Water/Sewer 433,825 467,944 453,531 497,260 480,000 500,268 505,000 50,000 

Other Purchased Services 182,137 171,398 145,971 401,153 466,400 129,431 295,731 126,291 

Total Purchased Services 28,258,664 29,988,362 32,531,136 30,325,627 33,438,360 30,841,811 32,954,732 31,195,817 

3-14 


Supplies 5,007,770 8,046,415 5,809,611 6,624,180 6,797,809 4,823,510 5,876,625 6,208,813 

Food Service Food and Supplies 4,176,927 4,467,082 6,002,729 6,442,632 6,515,000 7,484,151 6,382,262 6,395,262 

Custodial Supplies 439,478 536,397 587,780 649,917 635,527 600,477 630,400 680,000 

Supplies for Charge Backs (232,955) (379,454) (396,738) (332,003) (220,000) (342,631) (342,631) (342,000) 

Tech Consumables 96,768 83,580 72,266 88,275 103,127 92,263 125,538 86,342 

Copier Paper/Supplies 139,004 126,239 137,142 141,428 163,673 172,170 177,534 139,707 

Freight In/Shipping 33,029 5,568 7,058 1,449 7,000 5,353 6,776 - 

AV Supplies 671 831 319 297 357 189 400 - 

Support Materials 66,270 77,957 35,308 106,290 111,073 53,394 78,898 53,600 

Discounts (29,437) (2,064) (113) - - - - - 

Textbooks 1,619,827 2,897,386 2,976,206 1,945,352 1,700,000 2,615,371 2,934,995 1,479,500 

Suppl Instructional Materials 94,882 579,101 212,166 701,622 716,192 525,732 552,503 669,937 

Title IV Instr Materials-222A - - - - - - - - 

Title IV Instr Materials-100B (833) 58 - - - - - - 

Computer Accessories 61,525 77,351 72,888 80,570 99,090 89,028 52,964 45,083 

Library Materials 305,989 356,553 276,790 372,839 385,378 343,966 49,539 36,137 

Suppl Library Materials 8,175 9,891 5,250 4,499 5,398 2,829 3,800 2,238 

Periodicals 17,992 19,603 16,097 11,545 17,883 6,868 15,898 8,518 

Oil 21,306 25,786 30,747 28,979 28,250 41,214 22,600 30,000 

Gasoline 1,167,359 1,659,350 1,772,199 2,482,916 3,029,500 1,663,771 1,785,810 2,060,000 

Natural Gas 2,307,911 3,607,183 2,665,703 3,104,740 3,692,000 3,255,801 2,300,000 2,300,000 

Electricity 3,315,713 3,896,279 3,965,107 4,143,140 4,500,000 4,444,474 4,300,000 3,900,000 

Other Supplies 45 - 30,687 14,189 17,000 - 21,000 18,000 

Inventory Shrinkage (12,223) 97,315 131,386 155,244 - (13,218) - - 

Total Supplies and Materials 18,605,193 26,188,407 24,410,588 26,768,100 28,304,257 25,864,712 24,974,911 23,771,137 


Land 653,985 1,000 803 - - - - - 

Buildings 20,017,099 12,746,358 6,028,564 7,598,168 11,565,833 8,286,908 10,009,529 4,832,350 

Improvements (Non Building) 930,381 930,225 2,671,445 2,043,537 90,000 1,894,858 90,618 53,000 

Addl/Repl Equipment 6,885,136 7,404,767 2,168,529 1,615,677 3,032,416 1,394,061 2,094,432 2,272,961 

Addl/Repl Transportation Equipment 214,257 72,162 69,238 - - - - 75,000 

Rpl Equipment/Vandalism and Theft (22) 1,252 - (513) 3,000 - - - 

Aged and Obsolete Equipment 576,008 189,079 301,821 478,476 674,326 (28,341) - - 

Title VI Equip 222B - - - - - - - - 

Title VI Equip 100C 49 - - - - - - 50,000 

Lease/Purchase Equipment 380,451 4,879,708 1,116,249 1,758,007 1,680,913 15,479 110,749 - 

Transp Lease/Purchase Equipment 188,149 2,804,586 3,612,658 5,623,243 2,028,080 3,283,936 4,300,000 - 

Total Capital Outlay 29,845,493 29,029,137 15,969,307 19,116,595 19,074,568 14,846,901 16,605,328 7,283,311




Redemption of Principal 12,721,835 16,849,724 20,181,742 24,846,055 25,077,340 27,544,950 28,920,463 31,077,262 

Bond Interest 13,162,462 9,687,133 10,889,807 11,223,783 11,722,747 12,718,067 13,596,358 10,796,038 

TAW Interest - - - - - - - 700,000 

Interest Leases 403,459 

Dues and Fees 45,558 82,630 155,279 197,832 117,705 119,757 119,206 106,161 

Miscellaneous Objects 21,780 31,101 15,740 12,972 25,500 4,368 8,400 8,000 

Total Other Expenditures 25,951,635 26,650,588 31,242,568 36,280,642 36,943,292 40,387,142 42,644,427 43,090,920 


Non-Capitalized Equipment - - - - - 2,764,289 - 143,419 

Contingency 122,586 140,717 75,824 134,779 3,996,845 88,151 172,000 3,008,842 

Tuition 9,144,497 9,453,973 9,321,891 7,927,956 7,970,987 8,274,938 8,712,801 8,650,000 

Termination Benefits - - - - - 72,779 53,802 51,802 

On Behalf Expense-State - - - - - - 42,000,000 42,000,000 

Total Contingency and Tuition 9,267,083 9,594,690 9,397,715 8,062,735 11,967,832 11,200,157 50,938,603 53,854,063 

Total Expenditures $ 362,393,953 $ 385,163,967 $ 398,429,554 $ 422,071,832 $ 446,301,717 $ 449,179,324 $ 491,830,569 $ 456,729,449 

3-15


All Funds Other Financing Sources (Uses) 


FY 2010 



Other Financing Sources (Uses) 

Issuance of Bonds $ 71,790,000 $ 15,000,000 $ 4,000,000 $ - $ 4,600,000 $ - $ 34,405,000 $ - 

Premium on Bonds Issued 3,571,614 240,245 - - - - 819,661 - 

Payment to Escrow Agent (74,237,418) - - - - - (4,842,096) - 

Issuance of Debt Certificates - - 7,266,920 6,200,000 - - - - 

Premium on Debt Certificates Sold - - 102,832 - - - - - 

Proceeds from Purchase Contracts - 7,682,739 4,017,168 3,448,177 - 4,195,926 4,300,000 - 

Transfers In 2,015,714 3,522,423 11,599,804 1,471,920 10,959,520 15,052,718 5,078,254 700,000 

Transfers Out (2,015,714) (3,522,423) (11,599,804) (1,471,920) (10,959,520) (15,052,718) (5,078,254) (700,000) 

Total Other Financing Sources (Uses) $ 1,124,196 $ 22,922,984 $ 15,386,920 $ 9,648,177 $ 4,600,000 $ 4,195,926 $ 34,682,565 $ - 

3-16


All Funds Except Capital Projects Funds Description 


All Funds Except Capital Projects Funds 

The presentation of All Funds Except Capital Projects Fund is not a separate budget, but is a combination of all District funds except 

the Capital Projects Funds. This presentation, excluding the Capital Projects Funds, is valuable since Capital Projects Funds often 

accumulate resources in different accounting periods than those funds are spent. Therefore the typical one-year accounting period 

typically will not provide an appropriate matching of expenditures and the revenues to support those expenditures. 

3-17


All Funds Except Capital Project Funds Summary 


FY 2010 



Revenue 

Taxes $ 204,497,112 $ 212,030,196 $ 235,978,391 $ 245,143,084 $ 265,230,685 $ 255,136,782 $ 264,562,526 $ 272,360,176 

Local Revenue 15,093,574 18,799,361 21,765,417 21,519,115 22,436,999 17,423,676 16,773,125 16,510,894 


Categoricals 33,795,239 34,087,239 42,329,718 32,801,960 44,167,085 41,023,867 82,593,399 76,587,197 

Federal Aid 22,264,722 22,204,364 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 40,929,244 


Total Revenue 341,712,768 357,281,103 390,202,988 395,485,452 429,046,626 407,349,321 470,055,886 457,584,231 

3-18 

Expenditures 

Salaries 184,629,930 200,832,736 218,070,428 230,197,783 239,777,633 242,822,901 241,140,335 224,922,660 




Capital Outlay 4,225,140 9,742,298 6,740,111 9,299,700 6,813,735 3,715,278 5,535,181 1,592,961 



Total Expenditures 334,349,968 363,595,659 388,225,753 411,050,035 433,358,487 436,216,324 479,830,569 450,510,448 

Excess (Deficiency) of Revenues Over Expenditures 7,362,800 (6,314,556) 1,977,235 (15,564,583) (4,311,861) (28,867,003) (9,774,683) 7,073,783 

Total Other Financing Sources (Uses) 1,051,571 7,682,739 14,675,000 3,448,177 4,600,000 3,233,656 19,682,565 - 

Net Change in Fund Balance 8,414,371 1,368,183 16,652,235 (12,116,406) 288,139 (25,633,347) 9,907,882 7,073,783 

Fund Balance at Beginning of Year 66,445,192 74,859,563 76,227,746 92,879,981 65,998,513 65,998,513 40,365,166 50,273,048 

Fund Balance at End of Year $ 74,859,563 $ 76,227,746 $ 92,879,981 $ 80,763,575 $ 66,286,652 $ 40,365,166 $ 50,273,048 $ 57,346,831 








FY 2011 

Budget 

Revenue 

Taxes $ 272,360,176 







3-19 

Federal Aid, $40,929,244 , 9% 

Other Revenue, $422,500 , 0% 

Categoricals, $76,587,197 , 17% 

General State Aid, $50,774,220 , 

11% 

Taxes, $272,360,176 , 59% 

Local Revenue, $16,510,894 , 4%






Amend 

Revenue 

Taxes $ 204,497,112 $ 212,030,196 $ 235,978,391 $ 245,143,084 $ 265,230,685 $ 255,136,782 $ 264,562,526 $ 272,360,176 

Local Revenue 15,093,574 18,799,361 21,765,417 21,519,115 22,436,999 17,423,676 16,773,125 $ 16,510,894 

General State Aid 64,906,589 69,525,159 67,600,037 68,831,089 69,109,646 69,713,879 66,019,919 $ 50,774,220 

Categoricals 33,795,239 34,087,239 42,329,718 32,801,960 44,167,085 41,023,867 82,593,399 $ 76,587,197 

Federal Aid 22,264,722 22,204,364 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 $ 40,929,244 

Other Revenue 1,155,532 634,784 327,046 542,872 430,198 256,885 397,500 $ 422,500 

Total Revenue 341,712,768 357,281,103 390,202,988 395,485,452 429,046,626 407,349,321 470,055,886 457,584,231 

$500,000,000 

$450,000,000 

$400,000,000 

3-20 

$350,000,000 

$300,000,000 

$250,000,000 

$200,000,000 

$150,000,000 

$100,000,000 

$50,000,000 

$- 

Amend 





All Funds Except Capital Project Funds Revenue Detail 


FY 2010 



Taxes $ 204,497,112 $ 212,030,196 $ 235,978,391 $ 245,143,084 $ 265,230,685 $ 255,136,782 $ 264,562,526 $ 272,360,176 

3-21 

Local Revenue 


Corporate Personal Property Replacement Tax 2,779,771 3,587,865 3,958,910 4,363,842 4,800,000 3,763,972 3,163,856 2,689,278 





Interest on Investments 1,203,643 3,139,056 5,587,451 4,154,540 3,991,999 1,106,553 234,269 116,616 





Other Local Revenue 914,987 791,059 1,090,493 1,055,760 1,125,000 896,492 1,125,000 1,325,000 







Categoricals 

















3-22 









































Federal Aid 


Breakfast Start Up 27,000 - - - - - - 0 




Child Nutrition Commodity/Salvage - - 4,443 - - 2,651 - 0 

Title I-Low Income 2,996,907 3,021,363 4,133,632 5,298,322 5,694,689 3,479,393 5,527,197 6,001,268

3-23 




Title I-School Improvement - - - - - - - 0 

Title I Comprehensive School Reform-Ellis 65,935 43,335 (2,510) - - - - 0 

C S R Demonstr Prog-Larsen 69,089 - - - - - - 0 

C S R Demonstr Prog-Streamwood 72,440 44,549 (456) - - - - 0 

C S R Demonstr Prog-Parkwood (28,618) - - - - - - 0 

C S R Demonstr Prog-Channing 36,500 36,000 (19,164) - - - - 0 

C S R Demonstr Prog-EHS 58,486 46,769 15,560 1,000 - - - 0 

C S R Demonstr Prog-Sheridan 124,624 56,316 9,000 6,000 - - - 0 

Title I-Accountability - - - - - - - 0 

Title I-Reading First 1,414,479 - 359,996 - - - - 0 

Even Start 213,453 214,324 118,590 128,400 150,000 8,656 150,000 150,000 

Illinois Teachers Educ Partnership - 40,184 19,875 - - - - 0 


21st Century Comm Learning 343,700 484,116 365,392 5,575 - - - 0 





Early Childhood Reading First 424,337 419,960 162,511 - - - - 0 


Education to Careers - - - - - - - 0 


Adult Ed State Performance - - - - - - - 0 

Adv Placement Fees Incentive 15,000 9,033 20,125 (1,782) - - - 0 


ARRA-Title I-Low Income - - - - - - 28,227 0 








Emergency Immigrant Assistance - 465,964 164,909 - - - - 0 



McKinney Education for the Homeless 17,500 56,327 24,891 - - - - 0 


Reading Excellence Grant - - - - - - - 0 



Middle School Prevention Grant 213,752 76,797 - - - - - 0 


CiviConnections - 4,491 245 - - - - 0 

Hurricane Emergency Relief Act - 42,750 21,375 - - - - 0 

Medicaid Fee for Service 90,418 351,029 477,102 326,625 340,000 722,701 340,000 340,000




Teacher Mentoring - - - - - 774,644 - 0 

FIE Learning Std and C&TE 84,842 89,753 34,784 38,492 - - - 0 

Enhancing Math 25,000 - - - - - - 0 


Kane County Recycling Bin - 862 - - - - - 0 


3-24 

Other Revenue 

McKinley Digital Divide - - - - - - - 0 

Education-to-Career Mini-Grant - - - - - - - 0 

Strata Systems Grant - - - 10,000 - - - 0 

Kane County Recycling Bin 800 (212) (250) - - - - 0 

Illinois Professional Learning 14,447 - - - - - - 0 

PEP - - - - - - - 0 

Dept of Commerce (DCCA) (6,810) - - - - - - 0 


Prof Dev for K-3 ICARE 105,746 50,886 - - - - - 0 

Illinois Teachers Educ Partnership 56,941 - - - - - - 0 

ROE Staff Development - 5,410 - - - - - 0 

Midwest Dairy Association Grant - - 17,150 - - - - 0 

ISU-SAELP Grant - 20,000 74,415 - - - - 0 

Paid Summer Intervention - - - - - - - 0 

Stupski Foundation - - - 100,000 - - - 0 

Kane County Health Department - - 4,000 3,163 - - - 0 

Workforce Development 219,222 54,208 - - - - - 0 

SHS Smaller Learning Communities 204,544 142,422 52,593 74,041 - - - 0 

National Science Foundation - 13,318 9,833 10,089 1,279 640 - 0 

Grand Victoria Foundation 175,000 - - 155,550 228,919 228,950 - 0 

Riverside Pub Bilingual PEL 26,483 235,070 - - - - - 0 


Concert Revenue 1,229 2,474 2,069 1,795 - 2,295 - 0 

21st Century Community Learning - - - - - - - 0 

NIA Flow Thru 357,930 111,208 167,236 188,234 200,000 - 200,000 200,000 


Total Revenue $ 341,712,768 $ 357,281,103 $ 390,202,988 $ 395,485,452 $ 429,046,626 $ 407,349,321 $ 470,055,886 $ 457,584,231




FY 2011 

Budget 

Expenditures 

Salaries $ 224,922,660 








3-25 

Other Expenditures, 

$43,090,920 , 10% 


Capitalized Equipment, 

$53,854,063 , 12% 

Capital Outlay, $1,592,961 , 

0% 


$23,771,137 , 5% 

Salaries, $224,922,660 , 50% 

Purchased Services, 

$30,667,167 , 7% 

Employee Benefits, 

$72,611,540 , 16%






Amend 

Expenditures 

Salaries $ 184,629,930 $ 200,832,736 $ 218,070,428 $ 230,197,783 $ 239,777,633 $ 242,822,901 $ 241,140,335 $ 224,922,660 




Capital Outlay $ 4,225,140 $ 9,742,298 $ 6,740,111 $ 9,299,700 $ 6,813,735 $ 3,715,278 $ 5,535,181 $ 1,592,961 




3-26 

$500,000,000 

$450,000,000 

$400,000,000 

$350,000,000 

$300,000,000 

$250,000,000 

$200,000,000 

$150,000,000 

$100,000,000 

$50,000,000 

$- 

Amend 






Contingency, Tuition and Non-Capitalized Equipment


All Funds Except Capital Project Funds Expenditure Detail by Object 


3-27 

FY 2010 



Salaries 


Administrative Salaries 15,646,317 17,073,584 19,757,498 19,913,587 20,883,410 20,822,701 18,786,330 17,538,812 









Stipends 3,148,138 3,861,309 4,456,911 5,048,996 5,503,947 6,015,374 6,795,322 4,701,831 








12-Month Secretaries 3,802,773 4,412,980 4,606,683 4,913,355 4,913,355 5,612,233 5,567,946 4,991,548 



Liasons - - - 330,274 330,274 307,531 1,113,688 252,828 

Custodians 3,734,747 3,894,455 3,747,537 3,639,787 3,639,787 3,829,517 3,921,348 3,773,076 

Maintenance 1,508,483 1,670,257 1,727,745 1,735,974 1,735,974 1,760,110 1,689,881 1,698,194 


Drivers 8,170,000 8,655,930 9,441,361 9,943,961 10,441,160 10,644,299 10,754,394 11,433,892 

Driver Aide 670,135 661,386 819,837 904,934 939,451 1,137,271 967,635 944,471 

Mechanics 417,630 427,399 494,127 520,867 543,785 590,481 540,166 576,794 

Dispatchers 275,958 297,977 316,456 312,741 326,501 364,922 376,739 299,419 






Municipal Retirement 4,959,133 5,313,811 5,577,382 6,259,304 6,609,925 6,634,016 6,888,758 6,490,962







Medical Insurance 35,052,596 38,112,187 31,416,576 34,768,942 37,816,338 41,772,880 40,789,813 36,558,154 


Disability Insurance 504,069 511,093 461,103 394,145 412,345 221,678 250,000 258,389 


IMRF/SS/Medicare Allocation (806,722) - - - - - - 


3-28 


Technical Services 85,572 121,890 164,296 300,781 309,371 130,799 241,187 224,900 










Rentals 267,133 196,474 135,202 155,580 124,266 99,397 124,645 122,400 











Communications/Postage 1,400,363 1,411,593 1,730,829 1,641,861 1,632,608 3,191,116 2,622,031 2,311,392 

Advertising 267,886 401,307 254,682 245,988 253,309 133,774 26,791 26,553 


Binding 15,634 27,649 15,916 18,451 22,142 20,775 - 57,000 



Insurance 1,920,751 1,780,292 1,892,317 1,449,214 1,474,234 918,056 1,473,830 1,474,000 



Property Claims/Tort 258,571 72,895 16,423 3,533 28,000 3,704 4,840 - 

Liability/Tort Immunity 66,512 61,844 938,003 10,711 50,000 60,000 50,000 50,000






3-29 


Supplies 5,003,993 8,018,910 5,730,652 6,624,180 6,797,809 4,823,510 5,876,625 6,208,813 







AV Supplies 671 831 319 297 357 189 400 - 


Discounts (29,437) (2,064) (113) - - - - - 

Textbooks 1,619,766 2,897,386 2,976,206 1,945,352 1,700,000 2,615,371 2,934,995 1,479,500 







Periodicals 17,992 19,603 16,097 11,545 17,883 6,868 15,898 8,518 

Oil 21,306 25,786 30,747 28,979 28,250 41,214 22,600 30,000 

Gasoline 1,165,057 1,659,350 1,772,199 2,482,916 3,029,500 1,663,771 1,785,810 2,060,000 

Natural Gas 2,307,911 3,607,183 2,665,703 3,104,740 3,692,000 3,255,801 2,300,000 2,300,000 

Electricity 3,315,713 3,896,279 3,965,107 4,143,140 4,500,000 4,444,474 4,300,000 3,900,000 





Land - - 803 - - - - - 

Buildings 179,750 94,600 169,357 167,535 180,000 34,423 20,000 20,000 

Improvements (Non Building) 72,858 70,203 65,777 98,111 90,000 21,744 10,000 50,000 

Addl/Repl Equipment 2,613,640 1,630,708 1,404,208 1,174,841 2,157,416 388,037 1,094,432 1,397,961 








Total Capital Outlay 4,225,140 9,742,298 6,740,111 9,299,700 6,813,735 3,715,278 5,535,181 1,592,961




Redemption of Principal 12,721,835 16,849,724 20,181,742 24,846,055 25,077,340 27,544,950 28,920,463 31,077,262 


TAW Interest - - - - - - - 700,000 

Interest Leases 403,459 

Dues and Fees 45,558 82,630 155,279 197,832 117,705 119,757 119,206 106,161 





Contingency 122,586 140,717 75,824 134,779 3,996,845 88,151 172,000 3,008,842 

Tuition 9,144,497 9,453,973 9,321,891 7,927,956 7,970,987 8,274,938 8,712,801 8,650,000 




Total Expenditures $ 334,349,968 $ 363,595,659 $ 388,225,753 $ 411,050,035 $ 433,358,487 $ 436,216,324 $ 479,830,569 $ 450,510,448 

3-30


All Funds Except Capital Project Funds Other Financing Sources (Uses) 


FY 2010 




Issuance of Bonds $ 71,790,000 $ - $ 4,000,000 $ - $ 4,600,000 $ - $ 19,405,000 $ - 

Premium on Bonds Issued 3,571,614 - - - - - 819,661 - 


Issuance of Debt Certificates - - 6,555,000 - - - - - 


Proceeds from Purchase Contracts - 7,682,739 4,017,168 3,448,177 - 3,233,656 4,300,000 - 

Transfers In 1,943,089 3,522,423 7,194,207 1,471,920 1,259,520 4,942,152 5,078,254 700,000 

Transfers Out (2,015,714) (3,522,423) (7,194,207) (1,471,920) (1,259,520) (4,942,152) (5,078,254) (700,000) 

Total Other Financing Sources (Uses) $ 1,051,571 $ 7,682,739 $ 14,675,000 $ 3,448,177 $ 4,600,000 $ 3,233,656 $ 19,682,565 $ - 

3-31


Operating Funds Description 


Operating Funds 

The combined Operating Funds is not a separate budget, but is a combination of the Education Fund, the Transportation Fund, and 

the Operations and Maintenance Fund. This combination of funds makes up the general operating fund of the District. This concept 

of the combined Operating Funds is also used by the Illinois State Board of Education (ISBE) for financial analysis purposes. 

3-32


Operating Funds Summary 


FY 2010 



Revenue 

Taxes $ 165,557,176 $ 171,640,075 $ 190,700,701 $ 198,297,684 $ 214,274,349 $ 206,379,517 $ 215,124,645 $ 220,746,097 

Local Revenue 14,195,976 17,029,827 20,683,796 21,091,116 21,603,978 17,129,344 16,431,697 16,262,998 


Categoricals 33,795,239 34,087,239 42,329,718 32,801,960 44,167,085 41,023,867 82,593,399 76,587,197 

Federal Aid 22,264,722 22,204,364 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 40,929,244 


Total Revenue 301,875,234 315,121,448 343,843,677 348,212,053 377,257,269 358,297,724 420,276,577 405,722,256 

3-33 

Expenditures 

Salaries 184,411,186 200,595,968 217,767,085 229,870,781 239,437,942 242,483,885 240,804,823 224,922,660 


Purchased Services 20,108,048 21,463,782 22,764,063 21,001,182 24,576,999 21,761,618 23,476,183 22,161,918 


Capital Outlay 4,185,375 9,614,027 6,680,784 9,301,660 6,802,735 3,715,278 5,535,181 1,592,961 

Other Expenditures 122,912 169,305 378,232 266,378 198,779 2,107,477 2,888,689 3,525,922 


Total Expenditures 292,821,633 320,258,308 338,470,564 357,125,731 377,711,446 379,822,100 421,249,322 392,898,829 

Excess (Deficiency) of Revenues Over Expenditures 9,053,601 (5,136,860) 5,373,113 (8,913,678) (454,177) (21,524,376) (972,745) 12,823,427 

Total Other Financing Sources (Uses) 679,969 8,329,250 4,764,220 3,448,177 461,538 (91,454) 972,787 (1,851,186) 

Net Change in Fund Balance 9,733,570 3,192,390 10,137,333 (5,465,501) 7,361 (21,615,830) 42 10,972,241 

Fund Balance at Beginning of Year (20,582,754) (10,849,184) (7,656,794) 2,480,539 (19,681,263) (19,681,263) (41,297,093) (41,297,051) 

Fund Balance at End of Year $ (10,849,184) $ (7,656,794) $ 2,480,539 $ (2,984,962) $ (19,673,902) $ (41,297,093) $ (41,297,051) $ (30,324,810) 


Fund Balance June 30, 2008 $ (2,984,962) 


Fund Balance July 1, 2008 $ (19,681,263)




FY 2011 

Budget 

Revenue 

Taxes $ 220,746,097 







3-34 

Federal Aid, $40,929,244 , 10% 


Categoricals, $76,587,197 , 19% 

Taxes, $220,746,097 , 54% 


13% 

Local Revenue, $16,262,998 , 4%






Amend 

Revenue 


Local Revenue 14,195,976 17,029,827 20,683,796 21,091,116 21,603,978 17,129,344 16,431,697 16,262,998 


Categoricals 33,795,239 34,087,239 42,329,718 32,801,960 44,167,085 41,023,867 82,593,399 76,587,197 

Federal Aid 22,264,722 22,204,364 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 40,929,244 


Total Revenue 301,875,234 315,121,448 343,843,677 348,212,053 377,257,269 358,297,724 420,276,577 405,722,256 

$450,000,000 

$400,000,000 

3-35 

$350,000,000 

$300,000,000 

$250,000,000 

$200,000,000 

$150,000,000 

$100,000,000 

$50,000,000 

$- 

Amend 





Operating Funds Revenue Detail 


FY 2010 




3-36 

Local Revenue 


Corporate Personal Property Replacement Tax 2,479,771 3,287,865 3,682,974 4,059,682 4,465,440 3,497,319 2,943,335 2,501,835 





Interest on Investments 607,045 1,669,522 4,781,766 4,030,701 3,493,538 1,078,874 113,362 56,163 





Other Local Revenue 913,987 791,059 1,090,493 1,055,760 1,125,000 896,492 1,125,000 1,325,000 







Categoricals 






Special Education-R.E.I. Program (Reim) (37) - - - - - - 











3-37 









































Federal Aid 






Child Nutrition Commodity/Salvage - - 4,443 - - 2,651 - - 

Title I-Low Income 2,996,907 3,021,363 4,133,632 5,298,322 5,694,689 3,479,393 5,527,197 6,001,268

3-38 







C S R Demonstr Prog-Streamwood 72,440 44,549 (456) - - - - - 







Even Start 213,453 214,324 118,590 128,400 150,000 8,656 150,000 150,000 








Early Childhood Reading First 424,337 419,960 162,511 - - - - - 


























Hurricane Emergency Relief Act - 42,750 21,375 - - - - - 

Medicaid Fee for Service 90,418 351,029 477,102 326,625 340,000 722,701 340,000 340,000










3-39 

Other Revenue 






PEP - - - - - - - - 



















NIA Flow Thru 357,930 111,208 167,236 188,234 200,000 - 200,000 200,000 


Total Revenue $ 301,875,234 $ 315,121,448 $ 343,843,677 $ 348,212,053 $ 377,257,269 $ 358,297,724 $ 420,276,577 $ 405,722,256




FY 2011 

Budget 

Expenditures 

Salaries $ 224,922,660 








3-40 

Other Expenditures, $3,525,922 

, 1% 




$53,854,063 , 14% 


$23,770,637 , 6% 


$22,161,918 , 6% 

Salaries, $224,922,660 , 57% 

Employee Benefits, $63,070,668 

, 16%






Amend 

Expenditures 

Salaries $ 184,411,186 $ 200,595,968 $ 217,767,085 $ 229,870,781 $ 239,437,942 $ 242,483,885 $ 240,804,823 $ 224,922,660 


Purchased Services $ 20,108,048 $ 21,463,782 $ 22,764,063 $ 21,001,182 $ 24,576,999 $ 21,761,618 $ 23,476,183 $ 22,161,918 


Capital Outlay $ 4,185,375 $ 9,614,027 $ 6,680,784 $ 9,301,660 $ 6,802,735 $ 3,715,278 $ 5,535,181 $ 1,592,961 

Other Expenditures $ 122,912 $ 169,305 $ 378,232 $ 266,378 $ 198,779 $ 2,107,477 $ 2,888,689 $ 3,525,922 


Total Expenditures 292,821,633 320,258,308 338,470,564 357,125,731 377,711,446 379,822,100 421,249,322 392,898,829 

$450,000,000 

$400,000,000 

3-41 

$350,000,000 

$300,000,000 

$250,000,000 

$200,000,000 

$150,000,000 

$100,000,000 

$50,000,000 

$- 

Amend 








Operating Funds Expenditure Detail by Object 


3-42 

FY 2010 



Salaries 


Administrative Salaries 15,488,823 16,919,981 19,600,113 19,747,288 20,708,796 20,648,137 18,612,766 17,538,812 









Stipends 3,146,138 3,859,309 4,454,911 5,040,996 5,495,547 6,009,374 6,795,322 4,701,831 











Liasons - - - 330,274 330,274 307,531 1,113,688 252,828 

Custodians 3,734,747 3,894,455 3,747,537 3,639,787 3,639,787 3,829,517 3,921,348 3,773,076 

Maintenance 1,508,483 1,670,257 1,727,745 1,735,974 1,735,974 1,760,110 1,689,881 1,698,194 


Drivers 8,170,000 8,655,930 9,441,361 9,943,961 10,441,160 10,644,299 10,754,394 11,433,892 

Driver Aide 670,135 661,386 819,837 904,934 939,451 1,137,271 967,635 944,471 

Mechanics 417,630 427,399 494,127 520,867 543,785 590,481 540,166 576,794 

Dispatchers 275,958 297,977 316,456 312,741 326,501 364,922 376,739 299,419 






Federal Ins Contr Act - - - - - - - -



Medicare Contribution - - - - - 7 - - 



Medical Insurance 35,041,642 38,082,465 31,392,054 34,741,801 37,787,235 41,739,731 40,743,620 36,558,154 

Dental Insurance 1,585,413 1,833,826 1,748,606 2,373,496 2,598,462 2,040,815 2,294,379 1,766,371 

Disability Insurance 504,069 511,093 461,103 394,145 412,345 221,678 250,000 258,389 


IMRF/SS/Medicare Allocation - 921,720 2,157,693 3,266,481 3,307,398 4,245,996 3,824,108 3,860,000 


3-43 






Legal Services 850,000 






Rentals 267,133 196,474 135,202 155,580 124,266 99,397 124,645 122,400 











Communications/Postage 1,400,363 1,411,593 1,730,829 1,641,861 1,632,608 3,191,116 2,622,031 2,311,392 

Advertising 267,886 401,307 254,682 245,988 253,309 133,774 26,791 26,553 


Binding 15,634 27,649 15,916 18,451 22,142 20,775 - 57,000 



Insurance - 86,713 - 14,234 14,234 13,830 13,830 550,000 

Workers Compensation 3,156 - - - - - - 14,000 

Property Claims/Tort - - 1,807 3,623 5,000 3,704 4,840 - 

Water/Sewer 433,825 467,944 453,531 497,260 480,000 500,268 505,000 - 


Total Purchased Services 20,108,048 21,463,782 22,764,063 21,001,182 24,576,999 21,761,618 23,476,183 22,161,918



3-44 


Supplies 5,003,993 8,018,910 5,730,652 6,624,180 6,797,309 4,823,510 5,876,125 6,208,313 







AV Supplies 671 831 319 297 357 189 400 - 


Discounts (29,437) (2,064) (113) - - - - - 

Textbooks 1,619,766 2,897,386 2,976,206 1,945,352 1,700,000 2,615,371 2,934,995 1,479,500 







Periodicals 17,992 19,603 16,097 11,545 17,883 6,868 15,898 8,518 

Oil 21,306 25,786 30,747 28,979 28,250 41,214 22,600 30,000 

Gasoline 1,165,057 1,659,350 1,772,199 2,482,916 3,029,500 1,663,771 1,785,810 2,060,000 

Natural Gas 2,307,911 3,607,183 2,665,703 3,104,740 3,692,000 3,255,801 2,300,000 2,300,000 

Electricity 3,315,713 3,896,279 3,965,107 4,143,140 4,500,000 4,444,474 4,300,000 3,900,000 





Land - - 803 - - - - - 

Buildings 179,750 94,600 169,357 167,535 180,000 34,423 20,000 20,000 









Total Capital Outlay 4,185,375 9,614,027 6,680,784 9,301,660 6,802,735 3,715,278 5,535,181 1,592,961 


Redemption of Principal 55,574 55,574 207,213 55,574 55,574 1,705,194 2,422,619 2,473,221 

Bond Interest - - - - - 278,158 338,464 238,540



TAW Interest - - - - - - - 700,000 

Dues and Fees 45,558 82,630 155,279 197,832 117,705 119,757 119,206 106,161 


Total Other Expenditures 122,912 169,305 378,232 266,378 198,779 2,107,477 2,888,689 3,525,922 



Contingency 122,586 140,717 75,824 134,779 3,996,845 88,151 172,000 3,008,842 

Tuition 9,144,497 9,453,973 9,321,891 7,927,956 7,970,987 8,274,938 8,712,801 8,650,000 




Total Expenditures $ 292,821,633 $ 320,258,308 $ 338,470,564 $ 357,125,731 $ 377,711,446 $ 379,822,100 $ 421,249,322 $ 392,898,829 

3-45


Operating Funds Other Financing Sources (Uses) 


FY 2010 




Proceeds from Purchase Contracts $ - $ 7,682,739 $ 4,017,168 $ 3,448,177 $ - $ 3,233,656 $ 4,300,000 

Transfers In 1,923,089 2,341,927 7,194,207 1,471,920 1,259,520 617,627 653,285 (1,901,186) 

Transfers Out (1,243,120) (1,695,416) (6,447,155) (1,471,920) (797,982) (3,942,737) (3,980,498) 50,000 

Total Other Financing Sources (Uses) $ 679,969 $ 8,329,250 $ 4,764,220 $ 3,448,177 $ 461,538 $ (91,454) $ 972,787 $ (1,851,186) 

3-46


Education Fund Description 



The Education Fund is the general operating fund of the district. It is used to account for all financial transactions not accommodated 

by another specific fund. This fund is primarily used for most of the instructional and administrative aspects of the district’s 

operations. [See 105 ILCS 5/17-2 

3-47


Education Fund Summary 


FY 2010 



Revenue 

Taxes $ 145,622,064 $ 151,073,784 $ 167,941,146 $ 174,360,225 $ 188,195,779 $ 181,421,578 $ 188,905,789 $ 193,832,600 

Local Revenue 13,016,730 13,931,160 14,258,927 14,498,137 15,762,083 12,609,603 13,243,547 13,154,265 


Categoricals 21,961,686 22,775,356 27,329,896 24,690,059 28,820,564 27,364,584 67,094,972 64,054,549 

Federal Aid 22,264,722 22,203,502 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 40,929,244 


Total Revenue 266,927,323 278,143,745 297,659,431 307,569,714 327,990,283 313,160,761 373,371,144 361,605,893 

3-48 

Expenditures 

Salaries 167,387,885 182,780,442 198,485,229 209,814,961 218,910,411 221,256,583 219,668,651 204,021,697 

Employee Benefits 51,270,453 48,733,568 51,666,649 54,822,510 58,998,923 64,978,968 63,874,634 54,846,034 


Supplies and Materials 10,394,027 15,204,369 13,834,146 14,735,590 14,843,607 14,003,246 13,876,363 12,677,437 

Capital Outlay 3,284,476 6,506,749 2,575,696 3,010,567 4,178,655 346,904 1,145,181 1,457,961 

Other Expenditures 45,258 78,720 111,194 193,232 114,205 119,031 118,982 804,661 



Excess (Deficiency) of Revenues Over Expenditures 12,305,792 1,431,893 8,085,159 4,361,815 3,123,287 (10,991,739) 8,684,455 19,678,541 

Total Other Financing Sources (Uses) (1,243,120) 3,182,737 (358,465) (1,177,654) (797,982) (3,674,877) (3,727,854) (1,461,084) 

Net Change in Fund Balance 11,062,672 4,614,630 7,726,694 3,184,161 2,325,305 (14,666,616) 4,956,601 18,217,457 

Fund Balance at Beginning of Year (13,455,141) (2,392,469) 2,222,161 9,948,855 (6,879,530) (6,879,530) (21,546,146) (16,589,545) 

Fund Balance at End of Year $ (2,392,469) $ 2,222,161 $ 9,948,855 $ 13,133,016 $ (4,554,225) $ (21,546,146) $ (16,589,545) $ 1,627,912 



Change due to cash to accrual conversion (20,012,546) 





FY 2011 

Budget 

Revenue 

Taxes $ 193,832,600 







3-49 

Federal Aid, $40,929,244 , 11% 


Categoricals, $64,054,549 , 18% 

Taxes, $193,832,600 , 53% 


14% 

Local Revenue, $13,154,265 , 4%






Amend 

Revenue 


Local Revenue 13,016,730 13,931,160 14,258,927 14,498,137 15,762,083 12,609,603 13,243,547 13,154,265 


Categoricals 21,961,686 22,775,356 27,329,896 24,690,059 28,820,564 27,364,584 67,094,972 64,054,549 

Federal Aid 22,264,722 22,203,502 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 40,929,244 


Total Revenue 266,927,323 278,143,745 297,659,431 307,569,714 327,990,283 313,160,761 373,371,144 361,605,893 

$400,000,000 

3-50 

$350,000,000 

$300,000,000 

$250,000,000 

$200,000,000 

$150,000,000 

$100,000,000 

$50,000,000 

$- 

Amend 





Education Fund Revenue Detail 


FY 2010 




3-51 

Local Revenue 


Corporate Personal Property Replacement Tax 2,479,771 1,229,955 1,412,143 1,556,582 1,712,160 1,302,880 1,128,547 959,265 



Fees-Bus Trips-Cocurricular - - - 541 - - - 0 

Interest on Investments 600,824 1,646,389 1,963,742 1,193,182 1,764,923 215,510 100,000 50,000 





Other Local Revenue (5,208) 47,827 93,182 17,725 25,000 3,142 25,000 25,000 







Categoricals 
















School Breakfast Incentive 41,220 5,215 23,559 10,361 10,000 7,636 5,000 - 

Driver Education 185,550 206,351 237,595 234,848 250,000 211,326 250,000 341,000

3-52 




























Orphanage Tuition-18-3 89,912 145,485 16,100 36,011 40,000 57,564 67,650 50,467 


Advanced Placement Classes - - 81,576 156,632 - - - - 

Arts and Foreign Language Planning - - - - - 12,509 6,249 6,249 





Federal Aid 






Child Nutrition Commodity/Salvage - - 4,443 - - 2,651 - - 

Title I-Low Income 2,996,907 3,021,363 4,133,632 5,298,322 5,694,689 3,479,393 5,527,197 6,001,268 





C S R Demonstr Prog-Streamwood 72,440 44,549 (456) - - - - -

3-53 









Even Start 213,453 214,324 118,590 128,400 150,000 8,656 150,000 150,000 








Early Childhood Reading First 424,337 419,960 162,511 - - - 378,416 - 



Fed Adult Ed Basic 156,441 141,006 126,767 104,050 205,521 128,229 - 152,735 























Hurricane Emergency Relief Act - 42,750 21,375 - - - - - 

Medicaid Fee for Service 90,418 351,029 477,102 326,625 340,000 722,701 340,000 340,000 





All Day Kindergarten - 44,665 84,036 201,702 16,797 3,118 16,797 16,797




3-54 

Other Revenue 






PEP - - - - - - - - 



















NIA Flow Thru 357,930 111,208 167,236 188,234 200,000 - 200,000 200,000 


Total Revenue $ 266,927,323 $ 278,143,745 $ 297,659,431 $ 307,569,714 $ 327,990,283 $ 313,160,761 $ 373,371,144 $ 361,605,893




FY 2011 

Budget 

Expenditures 

Salaries $ 204,021,697 

Employee Benefits $ 54,846,034 




Other Expenditures $ 804,661 



3-55 


Other Expenditures, $804,661 , 

0% 



$53,710,644 , 16% 


$12,677,437 , 4% 

Purchased Services, $14,408,918 

, 4% 

Salaries, $204,021,697 , 60% 

Employee Benefits, $54,846,034 , 

16%






Amend 

Expenditures 

Salaries $ 167,387,885 $ 182,780,442 $ 198,485,229 $ 209,814,961 $ 218,910,411 $ 221,256,583 $ 219,668,651 $ 204,021,697 

Employee Benefits $ 51,270,453 $ 48,733,568 $ 51,666,649 $ 54,822,510 $ 58,998,923 $ 64,978,968 $ 63,874,634 $ 54,846,034 


Supplies and Materials $ 10,394,027 $ 15,204,369 $ 13,834,146 $ 14,735,590 $ 14,843,607 $ 14,003,246 $ 13,876,363 $ 12,677,437 

Capital Outlay $ 3,284,476 $ 6,506,749 $ 2,575,696 $ 3,010,567 $ 4,178,655 $ 346,904 $ 1,145,181 $ 1,457,961 

Other Expenditures $ 45,258 $ 78,720 $ 111,194 $ 193,232 $ 114,205 $ 119,031 $ 118,982 $ 804,661 



3-56 

$400,000,000 

$350,000,000 

$300,000,000 

$250,000,000 

$200,000,000 

$150,000,000 

$100,000,000 

$50,000,000 

$- 

Amend 








Education Fund Expenditure Detail by Object 


3-57 

FY 2010 



Salaries 


Administrative Salaries 14,524,145 15,932,967 18,558,159 18,654,732 19,561,612 19,467,087 17,480,273 16,621,963 









Stipends 3,146,806 3,858,209 4,454,111 5,038,021 5,492,423 6,008,874 6,795,322 4,701,831 

Overtime Time and a Half 674,490 798,814 1,121,401 995,330 876,391 691,550 498,663 100,109 







12-Month Secretaries 3,554,042 4,151,546 4,319,942 4,610,484 4,610,484 5,293,027 5,321,456 4,781,821 



Liasons - - - 330,274 330,274 307,531 1,113,688 252,828 

Custodians - 31,371 - - - - - - 

Maintenance 388,212 428,672 381,036 411,514 411,514 413,203 374,603 455,307 

Drivers 268,009 318,684 355,703 299,565 314,544 307,301 283,672 307,211 






Federal Ins Contr Act - - - - - - - - 

Medicare Contribution - - - - - 7 - - 


Life Insurance 396,815 451,705 401,294 354,981 374,369 368,706 286,048 151,472



Medical Insurance 30,448,702 33,339,084 27,478,706 30,410,346 33,142,680 36,618,145 35,373,068 31,697,879 


Disability Insurance 481,935 488,458 439,724 375,726 393,084 207,167 233,020 242,735 


IMRF/SS/Medicare Allocation - 839,403 875,385 926,939 907,398 1,118,366 756,405 760,000 

Total Employee Benefits 51,270,453 48,733,568 51,666,649 54,822,510 58,998,923 64,978,968 63,874,634 54,846,034 

3-58 






Legal Services 850,000 





Rentals 70,187 86,925 53,809 45,094 63,266 43,105 54,645 85,400 

Installment Purchases 37,173 41,115 45,880 54,570 61,136 51,528 69,014 7,200 


Indistrict/Regional Travel 160,131 177,794 161,155 243,076 249,844 231,230 174,512 167,939 

Travel Conf/Workshops 431,024 558,110 546,791 750,565 851,548 638,577 627,937 660,876 




Communications/Postage 778,070 805,938 916,185 1,023,408 1,232,472 2,164,789 1,791,622 1,421,392 

Advertising 267,886 401,307 254,682 245,988 252,309 133,774 25,791 25,553 

Printing and Duplicating 236,640 282,858 255,186 288,458 307,181 253,685 223,127 259,910 

Binding 15,634 27,649 15,916 18,451 22,142 20,775 - 57,000 



Insurance - 86,713 - 14,234 14,234 13,830 13,830 14,000 

Workers Compensation 3,156 - - - - - - - 

Property Claims/Tort - - 1,807 3,623 5,000 3,704 4,840 - 




Supplies 4,034,126 6,796,341 4,232,994 4,981,474 5,210,509 2,915,616 3,802,277 4,043,313 


Custodial Supplies 395 122 72 36 27 - - - 


Tech Consumables 96,768 83,580 72,266 88,275 103,127 92,263 125,538 86,342





AV Supplies 671 831 319 297 357 189 400 - 


Discounts (29,437) (2,064) (113) - - - - - 

Textbooks 1,619,766 2,897,386 2,976,206 1,945,352 1,700,000 2,615,371 2,934,995 1,479,500 







Periodicals 17,928 19,073 15,889 11,537 17,283 6,813 15,698 8,318 

Gasoline 13,640 (8,561) 37,055 34,049 29,500 52,220 35,810 60,000 

Electricity 380 - - - - - - - 

Other Supplies - - 15,479 - - - - - 


Total Supplies and Materials 10,394,027 15,204,369 13,834,146 14,735,590 14,843,607 14,003,246 13,876,363 12,677,437 

3-59 


Land - - 803 - - - - - 


Aged and Obsolete Equipment 576,008 189,079 301,821 478,476 674,326 (28,341) - 75,000 


Title VI Equip 100C 49 - - - - - - - 

Lease/Purchase Equipment 380,451 4,879,518 1,116,249 1,500,229 1,540,913 (3,291) 110,749 50,000 

Total Capital Outlay 3,284,476 6,506,749 2,575,696 3,010,567 4,178,655 346,904 1,145,181 1,457,961 


TAW Interest - - - - - - - 700,000 

Dues and Fees 45,388 78,585 110,948 193,019 113,705 119,133 118,582 104,661 

Miscellaneous Objects (130) 135 246 213 500 (102) 400 - 

Total Other Expenditures 45,258 78,720 111,194 193,232 114,205 119,031 118,982 804,661 


Non-Capitalized Equipment - - - - - 1,620,333 - - 

Contingency 122,586 140,717 75,824 134,779 3,996,845 88,151 172,000 3,008,842 

Tuition 9,144,497 9,453,973 9,321,891 7,927,956 7,970,987 8,274,938 8,712,801 8,650,000 




Total Expenditures $ 254,621,531 $ 276,711,852 $ 289,574,272 $ 303,207,899 $ 324,866,996 $ 324,152,500 $ 364,686,689 $ 341,927,352


Education Fund Other Financing Sources (Uses) 


FY 2010 




Proceeds from Purchase Contracts $ - $ 4,878,153 $ 1,088,690 $ 294,266 $ - $ - $ - 

Transfers Out (1,243,120) (1,695,416) (1,447,155) (1,471,920) (797,982) (3,674,877) (3,727,854) (1,461,084) 

Total Other Financing Sources (Uses) $ (1,243,120) $ 3,182,737 $ (358,465) $ (1,177,654) $ (797,982) $ (3,674,877) $ (3,727,854) $ (1,461,084) 

3-60


Transportation Fund Description 



The Transportation Fund is used to account for the costs associated with transporting students for any purpose. All costs of 

transportation, other than those authorized by statute to be paid from another fund, shall be paid by this fund. Any funds received for 

transportation purposes must be deposited into this fund, with amounts due other funds appropriately transferred thereafter. 

3-61


Transportation Fund Summary 


FY 2010 



Revenue 

Taxes $ 4,921,260 $ 4,832,489 $ 5,046,535 $ 5,430,185 $ 6,186,572 $ 5,730,054 $ 6,238,001 $ 6,400,745 

Local Revenue 255,801 279,818 347,214 222,847 265,538 571,623 263,035 261,000 

Categoricals 11,833,553 11,309,793 14,999,822 8,094,130 15,346,521 13,657,308 15,498,427 12,532,648 

Total Revenue 17,010,614 16,422,100 20,393,571 13,747,162 21,798,631 19,958,985 21,999,463 19,194,393 

3-62 

Expenditures 

Salaries 10,358,819 10,809,502 12,073,779 12,757,795 13,283,742 13,748,876 13,650,740 13,960,793 


Purchased Services 504,017 1,699,814 1,981,455 596,986 623,500 626,712 542,608 617,000 

Supplies and Materials 1,640,017 2,370,600 2,529,499 3,242,644 3,702,050 2,546,872 2,725,448 3,030,000 

Capital Outlay 404,778 2,876,748 3,681,896 5,623,243 2,028,080 3,283,936 4,300,000 - 

Other Expenditures 170 4,045 44,331 4,813 4,000 1,983,976 2,712,385 2,713,261 

Contingency, Tuition and Non-Capitalized Equipment - - - - - 2,856 - - 


Excess (Deficiency) of Revenues Over Expenditures 316,356 (4,007,637) (4,030,083) (13,979,575) (3,622,665) (9,019,188) (8,951,107) (7,834,300) 

Total Other Financing Sources (Uses) 1,372,332 3,634,107 (295,631) 3,875,539 659,520 3,851,283 4,953,285 (166,690) 

Net Change in Fund Balance 1,688,688 (373,530) (4,325,714) (10,104,036) (2,963,145) (5,167,905) (3,997,822) (8,000,990) 

Fund Balance at Beginning of Year 6,273,460 7,962,148 7,588,618 3,262,904 (4,070,347) (4,070,347) (9,238,252) (13,236,074) 

Fund Balance at End of Year $ 7,962,148 $ 7,588,618 $ 3,262,904 $ (6,841,132) $ (7,033,492) $ (9,238,252) $ (13,236,074) $ (21,237,064) 



Change due to cash to accrual conversion 2,770,785 





FY 2011 

Budget 

Revenue 

Taxes $ 6,400,745 

Local Revenue $ 261,000 



3-63 

Taxes, $6,400,745 , 33% 

Categoricals, $12,532,648 , 

66% 

Local Revenue, $261,000 , 

1%






Amend 

Revenue 


Local Revenue 255,801 279,818 347,214 222,847 265,538 571,623 263,035 261,000 

Categoricals 11,833,553 11,309,793 14,999,822 8,094,130 15,346,521 13,657,308 15,498,427 12,532,648 

Total Revenue 17,010,614 16,422,100 20,393,571 13,747,162 21,798,631 19,958,985 21,999,463 19,194,393 

$25,000,000 

$20,000,000 

3-64 

$15,000,000 

$10,000,000 

$5,000,000 

$- 

Amend 



Taxes Local Revenue Categoricals


Transportation Fund Revenue Detail 


FY 2010 




Local Revenue 



Interest on Investments 1,971 5,426 8,511 8,522 5,538 3,035 3,035 1,000 

Total Local Revenue 255,801 279,818 347,214 222,847 265,538 571,623 263,035 261,000 

3-65 

Categoricals 



Total Categoricals 11,833,553 11,309,793 14,999,822 8,094,130 15,346,521 13,657,308 15,498,427 12,532,648 

Total Revenue $ 17,010,614 $ 16,422,100 $ 20,393,571 $ 13,747,162 $ 21,798,631 $ 19,958,985 $ 21,999,463 $ 19,194,393




FY 2011 

Budget 

Expenditures 

Salaries $ 13,960,793 


Purchased Services $ 617,000 


Capital Outlay $ - 



3-66 


$3,030,000 , 11% 

Capital Outlay, $- , 0% 

Other Expenditures, 

$2,713,261 , 10% 

Purchased Services, $617,000 

, 2% 

Salaries, $13,960,793 , 52% 


, 25%






Amend 

Expenditures 

Salaries $ 10,358,819 $ 10,809,502 $ 12,073,779 $ 12,757,795 $ 13,283,742 $ 13,748,876 $ 13,650,740 $ 13,960,793 


Purchased Services $ 504,017 $ 1,699,814 $ 1,981,455 $ 596,986 $ 623,500 $ 626,712 $ 542,608 $ 617,000 

Supplies and Materials $ 1,640,017 $ 2,370,600 $ 2,529,499 $ 3,242,644 $ 3,702,050 $ 2,546,872 $ 2,725,448 $ 3,030,000 

Capital Outlay $ 404,778 $ 2,876,748 $ 3,681,896 $ 5,623,243 $ 2,028,080 $ 3,283,936 $ 4,300,000 $ - 

Other Expenditures $ 170 $ 4,045 $ 44,331 $ 4,813 $ 4,000 $ 1,983,976 $ 2,712,385 $ 2,713,261 

Conting, Tuit & Non-Cap Equip $ - $ - $ - $ - $ - $ 2,856 $ - $ - 


3-67 

$35,000,000 

$30,000,000 

$25,000,000 

$20,000,000 

$15,000,000 

$10,000,000 

$5,000,000 

$- 

Amend 



Salaries Employee Benefits Purchased Services Supplies and Materials 

Capital Outlay Other Expenditures Conting, Tuit & Non-Cap Equip


Transportation Fund Expenditure Detail by Object 


FY 2010 



Salaries 

Administrative Salaries $ 372,606 $ 393,673 $ 418,041 $ 440,905 $ 462,950 $ 459,484 $ 446,408 $ 253,185 

Technical Salaries 79,683 78,977 151,432 174,281 182,995 188,685 209,280 131,243 

Daily Substitute Salaries - - - - - 726 - - 

Stipends - 100 100 1,375 1,444 - - - 

Overtime Time and a Half 640,816 612,744 788,128 758,296 700,000 670,309 639,790 629,000 

Drivers 7,901,991 8,337,246 9,085,658 9,644,396 10,126,616 10,336,998 10,470,722 11,126,681 

Driver Aide 670,135 661,386 819,837 904,934 939,451 1,137,271 967,635 944,471 

Mechanics 417,630 427,399 494,127 520,867 543,785 590,481 540,166 576,794 

Dispatchers 275,958 297,977 316,456 312,741 326,501 364,922 376,739 299,419 


3-68 



Medical Insurance 3,602,644 3,189,375 2,631,274 2,912,402 3,122,926 3,464,115 3,742,619 3,439,829 

Dental Insurance 138,300 165,414 157,697 212,917 218,552 160,703 179,538 148,821 


Insurance Differential - (814,739) - - - - - - 

IMRF/SS/Medicare Allocation - 82,317 1,282,308 2,339,542 2,400,000 3,127,630 3,067,703 3,100,000 



Technical Services 44,020 47,451 45,705 63,091 55,000 59,676 38,346 42,000 

Other Tech and Prof Serv 20,159 20,883 34,514 38,677 30,000 54,846 45,000 45,000 


Repairs and Maint Services 269,542 379,136 274,255 326,788 310,000 331,528 290,500 375,000 

Installment Purchases 6,137 1,040,276 1,471,552 12,652 12,000 9,791 13,100 - 


Travel Conf/Workshops 1,259 1,377 1,287 2,335 1,500 104 1,200 - 


Awards and Banquets 3,400 3,424 6,030 7,429 5,000 995 - - 

Communications/Postage 7,141 12,905 8,842 5,225 5,000 20,409 20,409 10,000 


Total Purchased Services 504,017 1,699,814 1,981,455 596,986 623,500 626,712 542,608 617,000




Supplies 491,494 676,921 763,608 764,808 673,800 894,107 952,848 1,000,000 

Periodicals 34 - - - - - - - 

Oil 21,306 25,786 30,747 28,979 28,250 41,214 22,600 30,000 

Gasoline 1,127,183 1,667,893 1,735,144 2,448,857 3,000,000 1,611,551 1,750,000 2,000,000 

Total Supplies and Materials 1,640,017 2,370,600 2,529,499 3,242,644 3,702,050 2,546,872 2,725,448 3,030,000 


Improvements (Non Building) - - - - - - - - 

Addl/Repl Equipment 2,372 - - - - - - - 

Addl/Repl Transportation Equipment 214,257 72,162 69,238 - - - - - 


Total Capital Outlay 404,778 2,876,748 3,681,896 5,623,243 2,028,080 3,283,936 4,300,000 - 

3-69 


Redemption of Principal - - - - - 1,705,194 2,373,297 2,473,221 

Bond Interest - - - - - 278,158 338,464 238,540 

Dues and Fees 170 4,045 44,331 4,813 4,000 624 624 1,500 

Total Other Expenditures 170 4,045 44,331 4,813 4,000 1,983,976 2,712,385 2,713,261 


Non-Capitalized Equipment - - - - - 2,856 - - 



Transportation Fund Other Financing Sources (Uses) 


FY 2010 




Proceeds From Purchase Contracts $ - $ 2,804,586 $ 2,928,478 $ 2,958,427 $ - $ 3,233,656 $ 4,300,000 $ - 

Transfers In 1,372,332 829,521 1,775,891 917,112 659,520 617,627 653,285 - 

Transfers Out - - (5,000,000) - - - - (166,690) 

Total Other Financing Sources (Uses) $ 1,372,332 $ 3,634,107 $ (295,631) $ 3,875,539 $ 659,520 $ 3,851,283 $ 4,953,285 $ (166,690) 

3-70


Operations and Maintenance Fund Description 



The Operations and Maintenance Fund is used to account for expenditures for the improvement, maintenance, repair, or benefit of 

buildings and property, including the cost of interior decorating and the installation, improvement, repair, replacement, and 

maintenance of building fixtures; rental of buildings and property, payment of all premiums for insurance upon building and building 

fixtures; all costs of lights, gas, water, telephone service, custodial supplies and equipment, and professional surveys of district 

property. [See 105 ILCS 5/17-2 and 17-7] 

3-71


Operations and Maintenance Fund Summary 


FY 2010 



Revenue 

Taxes $ 15,013,852 $ 15,733,802 $ 17,713,020 $ 18,507,274 $ 19,891,998 $ 19,227,885 $ 19,980,855 $ 20,512,752 

Local Revenue 923,445 2,818,849 6,077,655 6,370,132 5,576,357 3,948,118 2,925,115 2,847,733 

General State Aid 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 1,561,486 

Categoricals - 2,090 - 17,771 - 1,975 - - 

Federal Aid - 862 - - - - - - 

Total Revenue 17,937,297 20,555,603 25,790,675 26,895,177 27,468,355 25,177,978 24,905,970 24,921,971 

3-72 

Expenditures 

Salaries 6,664,482 7,006,024 7,208,077 7,298,025 7,243,789 7,478,426 7,485,432 6,940,170 




Capital Outlay 496,121 230,530 423,192 667,850 596,000 84,438 90,000 135,000 

Other Expenditures 77,484 86,540 222,707 68,333 80,574 4,470 57,322 8,000 

Contingency, Tuition and Non-Capitalized Equipment - - - - - 309,790 - 143,419 


Excess (Deficiency) of Revenues Over Expenditures (3,568,547) (2,561,116) 1,318,037 704,082 45,201 (1,513,449) (706,093) 979,186 

Total Other Financing Sources (Uses) 550,757 1,512,406 5,418,316 750,292 600,000 (267,860) (252,644) (223,412) 

Net Change in Fund Balance (3,017,790) (1,048,710) 6,736,353 1,454,374 645,201 (1,781,309) (958,737) 755,774 

Fund Balance at Beginning of Year (13,401,073) (16,418,863) (17,467,573) (10,731,220) (8,731,386) (8,731,386) (10,512,695) (11,471,432) 

Fund Balance at End of Year $ (16,418,863) $ (17,467,573) $ (10,731,220) $ (9,276,846) $ (8,086,185) $ (10,512,695) $ (11,471,432) $ (10,715,658) 


Fund Balance June 30, 2008 $ (9,276,846) 

Change due to cash to accrual conversion 545,460 





FY 2011 

Budget 

Revenue 

Taxes $ 20,512,752 




3-73 

Local Revenue, $2,847,733 , 

11% 


6% 

Taxes, $20,512,752 , 83%






Amend 

Revenue 

Taxes $ 15,013,852 $ 15,733,802 $ 17,713,020 $ 18,507,274 $ 19,891,998 $ 19,227,885 $ 19,980,855 $ 20,512,752 

Local Revenue 923,445 2,818,849 6,077,655 6,370,132 5,576,357 3,948,118 2,925,115 2,847,733 


Categoricals - 2,090 - 17,771 - 1,975 - - 

Federal Aid - 862 - - - - - - 

Total Revenue 17,937,297 20,555,603 25,790,675 26,895,177 27,468,355 25,177,978 24,905,970 24,921,971 

$30,000,000 

3-74 

$25,000,000 

$20,000,000 

$15,000,000 

$10,000,000 

$5,000,000 

$- 

Amend 



Taxes Local Revenue General State Aid Categoricals Federal Aid


Operations and Maintenance Fund Revenue Detail 


FY 2010 



Taxes $ 15,013,852 $ 15,733,802 $ 17,713,020 $ 18,507,274 $ 19,891,998 $ 19,227,885 $ 19,980,855 $ 20,512,752 

Local Revenue 

Corporate Personal Property Replacement Tax - 2,057,910 2,270,831 2,503,100 2,753,280 2,194,439 1,814,788 1,542,570 

Interest on Investments 4,250 17,707 2,809,513 2,828,997 1,723,077 860,329 10,327 5,163 

Other Local Revenue 919,195 743,232 997,311 1,038,035 1,100,000 893,350 1,100,000 1,300,000 

Total Local Revenue 923,445 2,818,849 6,077,655 6,370,132 5,576,357 3,948,118 2,925,115 2,847,733 


3-75 

Categoricals 

Illinois EPA Grant - 2,090 - - - - - - 


Total Categoricals - 2,090 - 17,771 - 1,975 - - 

Federal Aid 


Total Revenue $ 17,937,297 $ 20,555,603 $ 25,790,675 $ 26,895,177 $ 27,468,355 $ 25,177,978 $ 24,905,970 $ 24,921,971




FY 2011 

Budget 

Expenditures 

Salaries $ 6,940,170 




Capital Outlay $ 135,000 

Other Expenditures $ 8,000 

Contingency, Tuition and Non-Capitalized Equipment $ 143,419 


3-76 

Capital Outlay, $135,000 , 

1% 

Other Expenditures, $8,000 , 

0% 



$143,419 , 1% 


$8,063,200 , 33% 

Salaries, $6,940,170 , 29% 

Employee Benefits, 

$1,516,996 , 6% 


$7,136,000 , 30%






Amend 

Expenditures 

Salaries $ 6,664,482 $ 7,006,024 $ 7,208,077 $ 7,298,025 $ 7,243,789 $ 7,478,426 $ 7,485,432 $ 6,940,170 




Capital Outlay $ 496,121 $ 230,530 $ 423,192 $ 667,850 $ 596,000 $ 84,438 $ 90,000 $ 135,000 

Other Expenditures $ 77,484 $ 86,540 $ 222,707 $ 68,333 $ 80,574 $ 4,470 $ 57,322 $ 8,000 

Contingency, Tuition and Non-Capitalized Equipment $ - $ - $ - $ - $ - $ 309,790 $ - $ 143,419 


$30,000,000 

3-77 

$25,000,000 

$20,000,000 

$15,000,000 

$10,000,000 

$5,000,000 

$- 

Amend 








Operations and Maintenance Fund Expenditure Detail by Object 


3-78 

FY 2010 



Salaries 

Administrative Salaries $ 592,072 $ 593,341 $ 623,913 $ 651,651 $ 684,234 $ 721,566 $ 686,085 $ 663,665 

Technical Salaries 12,761 18,533 25,205 13,710 14,395 - - - 

Temporary Salaries - 3,136 23,118 114,703 120,439 127,832 178,113 16,000 

Permanent Substitute Salaries - 3,054 - - - - - - 

Daily Substitute Salaries - - - - - 210 317 - 

Hourly Substitute Salaries - - 19 - - - - - 

Other Hourly Extra Curr Superv - 1,476 2,498 - - - - - 

Athletic Extra Curr Supervision - - 309 - - - - - 

Stipends (668) 1,000 700 1,600 1,680 500 - - 

Overtime Time and a Half 285,507 298,494 327,502 439,002 365,000 260,747 275,038 175,000 


12-Month Secretaries 190,195 194,424 206,701 220,947 220,947 234,376 161,780 209,727 

Custodians 3,734,747 3,863,084 3,747,537 3,639,787 3,639,787 3,829,517 3,921,348 3,773,076 

Maintenance 1,120,271 1,241,585 1,346,709 1,324,460 1,324,460 1,346,907 1,315,278 1,242,886 


Student Helpers - 400 1,922 2,703 2,500 926 - - 



Teachers Retirement 811 1,957 292 - - - - - 


Medical Insurance 990,296 1,554,006 1,282,074 1,419,053 1,521,629 1,657,471 1,627,933 1,420,446 

Dental Insurance 60,245 74,516 71,043 95,918 105,871 82,496 92,165 73,189 






Other Tech and Prof Serv 3,827 14,165 7,830 15,180 15,000 39,668 35,000 20,000 


Cleaning Services - - - 10,144 10,000 9,995 15,000 10,000 


Rentals 196,946 109,549 81,393 110,486 61,000 56,292 70,000 37,000 

Contract Cleaning 2,661,499 2,976,834 3,436,783 3,721,254 3,842,000 3,812,086 3,890,000 3,340,000




Installment Purchases 824,865 105,792 219,792 195,152 703,000 (20,007) - - 


Indistrict/Regional Travel 3,463 1,293 1,314 2,102 2,000 1,189 2,500 2,000 


Out of District Travel 276 - - - - - - - 

Communications/Postage 615,152 592,750 805,802 613,228 395,136 1,005,918 810,000 880,000 

Advertising - - - - 1,000 - 1,000 1,000 




3-79 


Supplies 478,373 545,648 734,050 877,898 913,000 1,013,787 1,121,000 1,165,000 


Periodicals 30 530 208 8 600 55 200 200 

Gasoline 24,234 18 - 10 - - - - 

Natural Gas 2,307,911 3,607,183 2,665,703 3,104,740 3,692,000 3,255,801 2,300,000 2,300,000 

Electricity 3,315,333 3,896,279 3,965,107 4,143,140 4,500,000 4,444,474 4,300,000 3,900,000 




Buildings 179,750 94,600 169,357 167,535 180,000 34,423 20,000 20,000 


Addl/Repl Equipment 243,513 65,537 188,058 144,426 186,000 9,501 60,000 65,000 

Lease/Purchase Equipment - 190 - 257,778 140,000 18,770 - - 

Total Capital Outlay 496,121 230,530 423,192 667,850 596,000 84,438 90,000 135,000 


Redemption of Principal 55,574 55,574 207,213 55,574 55,574 - 49,322 - 


Total Other Expenditures 77,484 86,540 222,707 68,333 80,574 4,470 57,322 8,000 


Non-Capitalized Equipment - - - - - 308,449 - 143,419.00 

Termination Benefits - - - - - 1,341 - - 

Total Contingency, Tuition and 

Non-Capitalized Equipment - - - - - 309,790 - 143,419.00 



Operations and Maintenance Fund Other Financing Sources (Uses) 


FY 2010 




Proceeds from Purchase Contracts $ - $ - $ - $ 195,484 $ - $ - $ - 

Transfers In 550,757 1,512,406 5,418,316 554,808 600,000 - - 700,000 

Transfers Out - - - - - (267,860) (252,644) (923,412) 

Total Other Financing Sources (Uses) $ 550,757 $ 1,512,406 $ 5,418,316 $ 750,292 $ 600,000 $ (267,860) $ (252,644) $ (223,412) 

3-80


Tort Immunity and Judgment Fund Description 



The Tort Immunity and Judgment Fund is used to pay for settlements or judgments, for protecting the district or its employees against 

liability, property damage or loss, and for risk care management programs. 

3-81


Tort Immunity and Judgment Fund Summary 


FY 2010 



Revenue 

Taxes $ 4,511,487 $ 3,091,819 $ 3,694,850 $ 3,693,362 $ 4,648,215 $ 4,156,567 $ 4,041,816 $ 4,157,418 

Local Revenue 2,477 5,653 9,181 9,192 6,154 3,274 3,274 1,637 

Total Revenue 4,513,964 3,097,472 3,704,031 3,702,554 4,654,369 4,159,841 4,045,090 4,159,055 

Expenditures 

Salaries 218,744 236,768 303,343 327,002 339,691 339,016 335,512 - 

Employee Benefits 11,885 23,667 25,690 28,645 32,301 34,536 48,776 - 


Supplies and Materials - - - - 500 - 500 500 

Capital Outlay 39,765 128,271 59,327 (1,960) 11,000 - - - 

Total Expenditures 6,445,577 6,889,358 9,324,457 8,538,746 8,581,400 8,488,071 8,550,919 8,505,749 

Excess (Deficiency) of Revenues Over Expenditures (1,931,613) (3,791,886) (5,620,426) (4,836,192) (3,927,031) (4,328,230) (4,505,829) (4,346,694) 

3-82 

Total Other Financing Sources (Uses) (21,334) 1,022,045 10,657,832 - 4,600,000 (999,415) 14,002,244 (994,781) 

Net Change in Fund Balance (1,952,947) (2,769,841) 5,037,406 (4,836,192) 672,969 (5,327,645) 9,496,415 (5,341,475) 

Fund Balance at Beginning of Year (2,949,337) (4,902,284) (7,672,125) (2,634,719) (7,466,787) (7,466,787) (12,794,432) (3,298,017) 

Fund Balance at End of Year $ (4,902,284) $ (7,672,125) $ (2,634,719) $ (7,470,911) $ (6,793,818) $ (12,794,432) $ (3,298,017) $ (8,639,492) 



Change due to cash to accrual conversion 4,124 

Fund Balance July 1, 2008 $ (7,466,787)


Tort Immunity and Judgement Fund Summary 


FY 2011 

Budget 

Revenue 

Taxes $ 4,157,418 



3-83 

Local Revenue, $1,637 , 0% 

Taxes, $4,157,418 , 100%






Amend 

Revenue 

Taxes $ 4,511,487 $ 3,091,819 $ 3,694,850 $ 3,693,362 $ 4,648,215 $ 4,156,567 $ 4,041,816 $ 4,157,418 

Local Revenue 2,477 5,653 9,181 9,192 6,154 3,274 3,274 1,637 

Total Revenue 4,513,964 3,097,472 3,704,031 3,702,554 4,654,369 4,159,841 4,045,090 4,159,055 

$5,000,000 

$4,500,000 

$4,000,000 

3-84 

$3,500,000 

$3,000,000 

$2,500,000 

$2,000,000 

$1,500,000 

$1,000,000 

$500,000 

$- 

Amend 



Taxes Local Revenue


Tort Immunity and Judgment Fund Revenue Detail 


FY 2010 



Taxes $ 4,511,487 $ 3,091,819 $ 3,694,850 $ 3,693,362 $ 4,648,215 $ 4,156,567 $ 4,041,816 $ 4,157,418 

Local Revenue 


Other Local Revenue 1,000 - - - - - - - 

Local Revenue 2,477 5,653 9,181 9,192 6,154 3,274 3,274 1,637 

Total Revenue $ 4,513,964 $ 3,097,472 $ 3,704,031 $ 3,702,554 $ 4,654,369 $ 4,159,841 $ 4,045,090 $ 4,159,055 

3-85




FY 2011 

Budget 

Expenditures 

Salaries $ 

- 

Employee Benefits $ 

- 


Supplies and Materials $ 500 


Employee Benefits, $- , 0% 

3-86 

Supplies and Materials, $500 , 

0% 

Salaries, $- , 0% 


$8,505,249 , 100%






Amend 

Expenditures 

Salaries $ 218,744 $ 236,768 $ 303,343 $ 327,002 $ 339,691 $ 339,016 $ 335,512 $ 

- 

Employee Benefits $ 11,885 $ 23,667 $ 25,690 $ 28,645 $ 32,301 $ 34,536 $ 48,776 $ 

- 


Supplies and Materials $ - $ - $ - $ - $ 500 $ - $ 500 $ 500 

Capital Outlay $ 39,765 $ 128,271 $ 59,327 $ (1,960) $ 11,000 $ - $ - $ 

- 

Total Expenditures 6,445,577 6,889,358 9,324,457 8,538,746 8,581,400 8,488,071 8,550,919 8,505,749 

3-87 

$10,000,000 

$9,000,000 

$8,000,000 

$7,000,000 

$6,000,000 

$5,000,000 

$4,000,000 

$3,000,000 

$2,000,000 

$1,000,000 

$- 

$(1,000,000) 

Amend 



Salaries Employee Benefits Purchased Services Supplies and Materials Capital Outlay


Tort Immunity and Judgment Fund Expenditure Detail by Object 


FY 2010 



Salaries 

Administrative Salaries $ 157,494 $ 153,603 $ 157,385 $ 166,299 $ 174,614 $ 174,564 $ 173,564 $ 

- 

Technical Salaries - 14,000 60,806 68,705 72,140 72,140 75,926 - 

Stipends 2,000 2,000 2,000 8,000 8,400 6,000 - - 

Overtime Time and a Half 577 - - - - 1,482 1,312 - 

Overtime Double Time 137 155 3,112 2,074 2,613 - - - 

12-Month Secretaries 58,536 67,010 80,040 81,924 81,924 84,830 84,710 - 

Total Salaries 218,744 236,768 303,343 327,002 339,691 339,016 335,512 - 

3-88 


Teachers Retirement - - - - 1,544 - - - 

Life Insurance 311 182 160 143 152 162 135 - 

Medical Insurance 10,954 29,722 24,522 27,141 29,103 33,149 46,193 - 

Dental Insurance 620 1,057 1,008 1,361 1,502 1,225 2,448 - 


Total Employee Benefits 11,885 23,667 25,690 28,645 32,301 34,536 48,776 - 


Technical Services 446 177 - 136 132 135 132 - 

Instructional Professional Ser - - - - - - - - 


Other Tech and Prof Serv 631,845 1,007,200 1,503,968 1,110,027 1,138,000 1,075,993 839,000 945,249 

Out of District Travel 123 - - - - - - - 

Insurance 1,920,751 1,693,579 1,892,317 1,434,980 1,460,000 904,226 1,460,000 1,460,000 



Property Claims/Tort 258,571 72,895 14,616 (90) 23,000 - - - 

Liability/Tort Immunity 66,512 61,844 938,003 10,711 50,000 60,000 50,000 50,000 



Supplies - - - - 500 - 500 500 


Addl/Repl Equipment 39,787 127,019 59,327 (1,447) 8,000 - - - 


Total Capital Outlay 39,765 128,271 59,327 (1,960) 11,000 - - - 

Total Expenditures $ 6,445,577 $ 6,889,358 $ 9,324,457 $ 8,538,746 $ 8,581,400 $ 8,488,071 $ 8,550,919 $ 8,505,749


Tort Immunity and Judgment Fund Other Financing Sources (Uses) 


FY 2010 




Issuance of Bonds $ - $ - $ 4,000,000 $ - $ 4,600,000 $ - $ 15,000,000 $ - 

Issuance of Debt Certificates - - 6,555,000 - - - - - 


Transfers In - 1,022,045 - - - - - - 

Transfers Out (21,334) - - - - (999,415) (997,756) (994,781) 

Total Other Financing Sources (Uses) $ (21,334) $ 1,022,045 $ 10,657,832 $ - $ 4,600,000 $ (999,415) $ 14,002,244 $ (994,781) 

3-89


MRF/Social Security Fund Description 



The IMRF/Social Security Fund is used to account for property tax revenues and related expenditures for contributions to the Illinois 

Municipal Retirement Fund (IMRF), Social Security, and Medicare. [See 105 ILCS 5/17-1, 21-110, and 21-110.1] 

3-90


IMRF/Social Security Fund Summary 


FY 2010 



Revenue 

Taxes $ 8,678,063 $ 8,986,219 $ 9,261,424 $ 9,761,990 $ 9,928,418 $ 10,213,793 $ 9,671,370 $ 9,920,247 

Local Revenue 302,529 311,528 275,936 323,176 334,560 273,425 220,521 187,443 

Total Revenue 8,980,592 9,297,747 9,537,360 10,085,166 10,262,978 10,487,218 9,891,891 10,107,690 

Expenditures 


Excess (Deficiency) of Revenues Over Expenditures (273,443) (668,963) (29,036) 713,872 (58,150) 860,730 (134) 566,818 

Total Other Financing Sources (Uses) 20,000 158,451 - - - - - - 

Net Change in Fund Balance (253,443) (510,512) (29,036) 713,872 (58,150) 860,730 (134) 566,818 

3-91 

Fund Balance at Beginning of Year 261,838 8,395 (502,117) (531,153) 591,731 591,731 1,452,461 1,452,327 

Fund Balance at End of Year $ 8,395 $ (502,117) $ (531,153) $ 182,719 $ 533,581 $ 1,452,461 $ 1,452,327 $ 2,019,145 


Fund Balance June 30, 2008 $ 182,719 

Change due to cash to accrual conversion 409,012 

Fund Balance July 1, 2008 $ 591,731




FY 2011 

Budget 

Revenue 

Taxes $ 9,920,247 



3-92 


2% 

Taxes, $9,920,247 , 98%






Amend 

Revenue 

Taxes $ 8,678,063 $ 8,986,219 $ 9,261,424 $ 9,761,990 $ 9,928,418 $ 10,213,793 $ 9,671,370 $ 9,920,247 

Local Revenue 302,529 311,528 275,936 323,176 334,560 273,425 220,521 187,443 

Total Revenue 8,980,592 9,297,747 9,537,360 10,085,166 10,262,978 10,487,218 9,891,891 10,107,690 

$12,000,000 

$10,000,000 

3-93 

$8,000,000 

$6,000,000 

$4,000,000 

$2,000,000 

$- 

Amend 



Taxes Local Revenue


IMRF/Social Security Fund Revenue Detail 


FY 2010 



Taxes $ 8,678,063 $ 8,986,219 $ 9,261,424 $ 9,761,990 $ 9,928,418 $ 10,213,793 $ 9,671,370 $ 9,920,247 

Local Revenue 

Corporate Personal Property Replacement Tax 300,000 300,000 275,936 304,160 334,560 266,653 220,521 187,443 

Interest on Investments 2,529 11,528 - 19,016 - 6,772 - 

Total Local Revenue 302,529 311,528 275,936 323,176 334,560 273,425 220,521 187,443 

Total Revenue $ 8,980,592 $ 9,297,747 $ 9,537,360 $ 10,085,166 $ 10,262,978 $ 10,487,218 $ 9,891,891 $ 10,107,690 

3-94




FY 2011 

Budget 

Expenditures 


3-95 


, 100%






Amend 

Expenditures 


$10,400,000 

$10,200,000 

3-96 

$10,000,000 

$9,800,000 

$9,600,000 

$9,400,000 

$9,200,000 

$9,000,000 

$8,800,000 

$8,600,000 

Amend 



Employee Benefits


IMRF/Social Security Fund Expenditure Detail by Object 


FY 2010 




Teachers Retirement $ - $ - $ - $ - $ - $ - $ - $ 

- 

Municipal Retirement 4,959,133 5,313,811 5,577,382 6,259,304 6,609,925 6,634,016 6,888,758 6,490,962 



IMRF/SS/Medicare Allocation (806,722) (921,720) (2,157,693) (3,266,481) (3,307,398) (4,245,996) (3,824,108) (3,860,000) 

Total Employee Benefits $ 9,254,035 $ 9,966,710 $ 9,566,396 $ 9,371,294 $ 10,321,128 $ 9,626,488 $ 9,892,025 $ 9,540,872 

3-97


IMRF/Social Security Fund Other Financing Sources (Uses) 


FY 2010 




Transfers In $ 20,000 $ 158,451 $ - $ - $ - $ - $ - 

3-98


Working Cash Fund Description 



The purpose of the Working Cash Fund is to enable the district to have in its treasury at all time sufficient money to meet demands for 

ordinary and necessary expenditures. [See 105 ILCS 5/Art. 20] 

3-99


Working Cash Fund Summary 


FY 2010 



Revenue 

Taxes $ 14 $ - $ - $ - $ - $ - $ - 

Local Revenue 508,101 1,398,037 747,052 46,119 461,538 - 100,000 50,000 

Total Revenue 508,115 1,398,037 747,052 46,119 461,538 - 100,000 50,000 

Excess (Deficiency) of Revenues Over Expenditures 508,115 1,398,037 747,052 46,119 461,538 - 100,000 50,000 

Total Other Financing Sources (Uses) (751,260) (1,398,037) (747,052) - (461,538) - (100,000) (50,000) 

Net Change in Fund Balance (243,145) - - 46,119 - - - - 

Fund Balance at Beginning of Year 74,960,245 74,717,100 74,717,100 74,717,100 74,763,219 74,763,219 74,763,219 74,763,219 

3-100 

Fund Balance at End of Year $ 74,717,100 $ 74,717,100 $ 74,717,100 $ 74,763,219 $ 74,763,219 $ 74,763,219 $ 74,763,219 $ 74,763,219




FY 2011 

Budget 

Revenue 


Total Revenue 50,000 

3-101 

Local Revenue, $50,000 , 100%






Amend 

Revenue 

Taxes $ 14 $ - $ - $ - $ - $ - $ - $ - 

Local Revenue 508,101 1,398,037 747,052 46,119 461,538 - 100,000 50,000 

Total Revenue 508,115 1,398,037 747,052 46,119 461,538 - 100,000 50,000 

$1,400,000 

$1,200,000 

3-102 

$1,000,000 

$800,000 

$600,000 

$400,000 

$200,000 

$- 

Amend 



Taxes Local Revenue


Working Cash Fund Revenue Detail 


FY 2010 



Taxes $ 14 $ - $ - $ - $ - $ - $ - $ 

- 

Local Revenue 

Interest on Investments 508,101 1,398,037 747,052 46,119 461,538 - 100,000 50,000 

Total Revenue $ 508,115 $ 1,398,037 $ 747,052 $ 46,119 $ 461,538 $ - $ 100,000 $ 50,000 

3-103


Working Cash Fund Other Financing Sources (Uses) 


FY 2010 




Bond Proceeds $ - $ - $ - $ - $ - $ - $ - $ - 

Transfers Out (751,260) (1,398,037) (747,052) - (461,538) - (100,000) (50,000) 

Total Other Financing Sources (Uses) $ (751,260) $ (1,398,037) $ (747,052) $ - $ (461,538) $ - $ (100,000) $ (50,000) 

3-104


Debt Service Fund Description 



The Debt Service Fund is used to account for revenues and related expenditures to retire bond principal or to pay bond interest, or if 

other revenue is pledged to pay principal, interest, or service charges on other long-term debt instruments. [See 105 ILCS 5/Art. 19] 

3-105


Debt Service Fund Summary 


FY 2010 



Revenue 

Taxes $ 25,750,372 $ 28,312,083 $ 32,321,416 $ 33,390,048 $ 36,379,703 $ 34,386,905 $ 35,724,695 $ 37,536,413 

Local Revenue 84,491 54,316 49,452 49,512 30,769 17,633 17,633 8,816 

Total Revenue 25,834,863 28,366,399 32,370,868 33,439,560 36,410,472 34,404,538 35,742,328 37,545,229 

Expenditures 

Purchased Services - - - - - - 382,565 - 



Excess (Deficiency) of Revenues Over Expenditures 6,140 1,885,116 1,506,532 (2,574,704) (334,041) (3,875,127) (4,395,975) (2,019,769) 

Total Other Financing Sources (Uses) 1,124,196 (428,970) - - - 4,324,525 4,807,534 2,895,967 

3-106 

Net Change in Fund Balance 1,130,336 1,456,146 1,506,532 (2,574,704) (334,041) 449,398 411,559 876,198 

Fund Balance at Beginning of Year 14,755,200 15,885,536 17,341,682 18,848,214 17,791,613 17,791,613 18,241,011 18,652,570 

Fund Balance at End of Year $ 15,885,536 $ 17,341,682 $ 18,848,214 $ 16,273,510 $ 17,457,572 $ 18,241,011 $ 18,652,570 $ 19,528,768 



Change due to cash to accrual conversion 1,518,103 





FY 2011 

Budget 

Revenue 

Taxes $ 37,536,413 



3-107 

Local Revenue, $8,816 , 0% 

Taxes, $37,536,413 , 100%






Amend 

Revenue 

Taxes $ 25,750,372 $ 28,312,083 $ 32,321,416 $ 33,390,048 $ 36,379,703 $ 34,386,905 $ 35,724,695 $ 37,536,413 

Local Revenue 84,491 54,316 49,452 49,512 30,769 17,633 17,633 8,816 

Total Revenue 25,834,863 28,366,399 32,370,868 33,439,560 36,410,472 34,404,538 35,742,328 37,545,229 

$40,000,000 

$35,000,000 

3-108 

$30,000,000 

$25,000,000 

$20,000,000 

$15,000,000 

$10,000,000 

$5,000,000 

$- 

Amend 



Taxes Local Revenue


Debt Service Fund Revenue Detail 


FY 2010 



Taxes $ 25,750,372 $ 28,312,083 $ 32,321,416 $ 33,390,048 $ 36,379,703 $ 34,386,905 $ 35,724,695 $ 37,536,413 

Local Revenue 


Total Revenue $ 25,834,863 $ 28,366,399 $ 32,370,868 $ 33,439,560 $ 36,410,472 $ 34,404,538 $ 35,742,328 $ 37,545,229 

3-109




FY 2011 

Budget 

Expenditures 

Purchased Services $ 

- 



3-110 

Purchased Services, $- , 0% 

Other Expenditures, $39,564,998 

, 100%






Amend 

Expenditures 

Purchased Services $ - $ - $ - $ - $ - $ - $ 382,565 $ 

- 



$45,000,000 

$40,000,000 

3-111 

$35,000,000 

$30,000,000 

$25,000,000 

$20,000,000 

$15,000,000 

$10,000,000 

$5,000,000 

$- 

Amend 



Purchased Services Other Expenditures


Debt Service Fund Expenditure Detail by Object 


FY 2010 




Other Tech and Prof Serv $ - $ - $ - $ - $ - $ - $ 382,565 $ 

- 


Redemption of Principal 12,666,261 16,794,150 19,974,529 24,790,481 25,021,766 25,839,756 26,497,844 28,604,041 



Total Expenditures $ 25,828,723 $ 26,481,283 $ 30,864,336 $ 36,014,264 $ 36,744,513 $ 38,279,665 $ 40,138,303 $ 39,564,998 

3-112


Debt Service Fund Other Financing Sources (Uses) 


FY 2010 




Bond Proceeds $ 71,790,000 $ - $ - $ - $ - $ - $ 4,405,000 $ - 

Premium on Bonds Issued 3,571,614 - - - - - 819,661 - 


Transfers In - - - - - 4,324,525 4,424,969 2,895,967 

Transfers Out - (428,970) - - - - - - 

Total Other Financing Sources (Uses) $ 1,124,196 $ (428,970) $ - $ - $ - $ 4,324,525 $ 4,807,534 $ 2,895,967 

3-113


Fire Prevention and Safety Fund Description 



The Fire Protection and Safety Fund is used to account for expenditures for fire prevention, safety, energy conservation, or school 

security, and the revenues supporting those expenditures. [See ILCS 5/2-3.12 and 17-2.11] 

3-114


Fire Prevention and Safety Fund Summary 


FY 2010 



Revenue 

Taxes $ 1,493,873 $ 1,466,860 $ 1,418,259 $ 1,044,857 $ 723,036 $ 684,873 $ 357,947 $ 362,717 

Local Revenue 565 1,858 2,995 2,998 1,846 1,068 1,068 534 

Total Revenue 1,494,438 1,468,718 1,421,254 1,047,855 724,882 685,941 359,015 363,251 

Expenditures 

Purchased Services 96,662 954,408 439,871 622,942 65,250 425,708 719,853 459,650 

Supplies and Materials - - 78,929 - - - - - 

Capital Outlay 30,761 4,436,606 5,424,928 5,073,280 2,282,710 4,950,292 9,280,147 4,377,350 


Total Expenditures 127,423 5,391,014 5,943,728 5,696,222 2,347,960 5,486,101 10,000,000 4,837,000 

Excess (Deficiency) of Revenues Over Expenditures 1,367,015 (3,922,296) (4,522,474) (4,648,367) (1,623,078) (4,800,160) (9,640,985) (4,473,749) 

3-115 

Total Other Financing Sources (Uses) - 15,240,245 - - - - 15,000,000 - 

Net Change in Fund Balance 1,367,015 11,317,949 (4,522,474) (4,648,367) (1,623,078) (4,800,160) 5,359,015 (4,473,749) 

Fund Balance at Beginning of Year 3,120,018 4,487,033 15,804,982 11,282,508 5,571,497 5,571,497 771,337 6,130,352 

Fund Balance at End of Year $ 4,487,033 $ 15,804,982 $ 11,282,508 $ 6,634,141 $ 3,948,419 $ 771,337 $ 6,130,352 $ 1,656,603 








FY 2011 

Budget 

Revenue 

Taxes $ 362,717 

Local Revenue $ 534 

Total Revenue 363,251 

3-116 

Local Revenue, $534 , 0% 

Taxes, $362,717 , 100%






Amend 

Revenue 


Local Revenue 565 1,858 2,995 2,998 1,846 1,068 1,068 534 

Total Revenue 1,494,438 1,468,718 1,421,254 1,047,855 724,882 685,941 359,015 363,251 

$1,600,000 

$1,400,000 

3-117 

$1,200,000 

$1,000,000 

$800,000 

$600,000 

$400,000 

$200,000 

$- 

Amend 



Taxes Local Revenue


Fire Prevention and Safety Fund Revenue Detail 


FY 2010 




Local Revenue 

Interest on Investments 565 1,858 2,995 2,998 1,846 1,068 1,068 534 

Total Revenue $ 1,494,438 $ 1,468,718 $ 1,421,254 $ 1,047,855 $ 724,882 $ 685,941 $ 359,015 $ 363,251 

3-118




FY 2011 

Budget 

Expenditures 




3-119 

Purchased Services, $459,650 , 

10% 

Capital Outlay, $4,377,350 , 

90%






Amend 

Purchased Services $ 96,662 $ 954,408 $ 439,871 $ 622,942 $ 65,250 $ 425,708 $ 719,853 $ 459,650 

Supplies and Materials $ - $ - $ 78,929 $ - $ - $ - $ - $ - 

Capital Outlay $ 30,761 $ 4,436,606 $ 5,424,928 $ 5,073,280 $ 2,282,710 $ 4,950,292 $ 9,280,147 $ 4,377,350 

Contin, Tuit & Non-Cap Equip $ - $ - $ - $ - $ - $ 110,101 $ - $ - 

$ 127,423 $ 5,391,014 $ 5,943,728 $ 5,696,222 $ 2,347,960 $ 5,486,101 $ 10,000,000 $ 4,837,000 

$10,000,000 

$9,000,000 

$8,000,000 

3-120 

$7,000,000 

$6,000,000 

$5,000,000 

$4,000,000 

$3,000,000 

$2,000,000 

$1,000,000 

$- 

Amend 



Purchased Services Supplies and Materials Capital Outlay Contin, Tuit & Non-Cap Equip


Fire Prevention and Safety Fund Expenditure Detail by Object 


FY 2010 




Technical Services $ 96,662 $ 949,898 $ 439,871 $ 622,942 $ 65,250 $ 425,708 $ 615,452 $ 459,650 

Repairs and Maint Services - 4,510 - - - - - - 

Other Purchased Services - - - - - - 104,401 - 

Total Purchased Services 96,662 954,408 439,871 622,942 65,250 425,708 719,853 459,650 


Supplies - - 78,929 - - - - - 

3-121 


Buildings 30,761 4,433,474 4,533,816 4,881,007 2,282,710 4,442,928 9,239,529 4,377,350 

Improvements (Non Building) - 3,132 891,112 192,273 - 507,364 40,618 - 

Total Capital Outlay 30,761 4,436,606 5,424,928 5,073,280 2,282,710 4,950,292 9,280,147 4,377,350 



Total Expenditures $ 127,423 $ 5,391,014 $ 5,943,728 $ 5,696,222 $ 2,347,960 $ 5,486,101 $ 10,000,000 $ 4,837,000


Fire Prevention and Safety Fund Other Financing Sources (Uses) 


FY 2010 




Bond Proceeds $ - $ 15,000,000 $ - $ - $ - $ - $ - $ - 

Premium on Bonds Issued - 240,245 - - - - - - 

Transfers Out - - - - - - - - 

Total Other Financing Sources (Uses) $ - $ 15,240,245 $ - $ - $ - $ - $ - $ - 

3-122





The Capital Projects Fund is used to account for proceeds resulting from building bonds, receipts from other long-term financing 

agreements, or construction or maintenance grants used to finance a capital project, capital lease, lease purchase agreement, or if a 

tax is levied in accordance with Section 17-2.3 of the School Code. 

3-123


Capital Projects Fund Summary 


FY 2010 



Revenue 

Local Revenue $ 302,921 $ 100,237 $ 9,585 $ 159 $ 6,154 $ 8,550 $ - $ 

- 

Categoricals - 5,298,022 - - - - - - 

Other Revenue 671,235 - 100,000 - - - - - 

Total Revenue 974,156 5,398,259 109,585 159 6,154 8,550 - - 

Expenditures 

Salaries 395,517 191,329 22,222 18,042 18,944 33,052 - - 

Employee Benefits 46,542 38,707 42,448 47,474 - - - - 

Purchased Services 1,725,405 1,066,240 391,105 516,118 598,203 446,610 210,000 69,000 

Supplies and Materials 6,140 27,505 30 - - - - - 

Capital Outlay 24,556,580 14,423,714 3,520,574 4,620,460 9,103,123 6,152,047 790,000 438,000 


Total Expenditures 26,730,184 15,747,495 3,976,379 5,202,094 9,720,270 7,265,733 1,000,000 507,000 

3-124 

Excess (Deficiency) of Revenues Over Expenditures (25,756,028) (10,349,236) (3,866,794) (5,201,935) (9,714,116) (7,257,183) (1,000,000) (507,000) 

Total Other Financing Sources (Uses) 72,625 - 5,117,517 6,200,000 9,700,000 11,072,836 - - 

Net Change in Fund Balance (25,683,403) (10,349,236) 1,250,723 998,065 (14,116) 3,815,653 (1,000,000) (507,000) 

Fund Balance at Beginning of Year 35,324,813 9,641,410 (707,826) 542,897 1,295,318 1,295,318 5,110,971 4,110,971 

Fund Balance at End of Year $ 9,641,410 $ (707,826) $ 542,897 $ 1,540,962 $ 1,281,202 $ 5,110,971 $ 4,110,971 $ 3,603,971 



Change due to cash to accrual conversion (245,644) 







Amend 

Revenue 

Local Revenue $ 302,921 $ 100,237 $ 9,585 $ 159 $ 6,154 $ 8,550 $ - $ 

- 

Categoricals - 5,298,022 - - - - - - 

Other Revenue 671,235 - 100,000 - - - - - 

Total Revenue 974,156 5,398,259 109,585 159 6,154 8,550 - - 

3-125 

$6,000,000 

$5,000,000 

$4,000,000 

$3,000,000 

$2,000,000 

$1,000,000 

$- 

Amend 



Local Revenue Categoricals Other Revenue


Capital Projects Fund Revenue Detail 


FY 2010 



Local Revenue 

Interest on Investments $ 301,421 $ 100,237 $ 9,585 $ 159 $ 6,154 $ 50 $ - $ - 

Other Local Revenue 1,500 - - - - 8,500 - - 

Total Local Revenue 302,921 100,237 9,585 159 6,154 8,550 - - 

Categoricals 

Capital Development Board - 5,298,022 - - - - - - 

Other Revenue 

Miscellaneous Other Funding Sources 671,235 - 100,000 - - - - - 

3-126 

Total Revenue $ 974,156 $ 5,398,259 $ 109,585 $ 159 $ 6,154 $ 8,550 $ - $ -




FY 2011 

Budget 

Expenditures 



Total Expenditures 507,000 

3-127 

Purchased Services, $69,000 , 

14% 

Capital Outlay, $438,000 , 86%






Amend 

Expenditures 

Salaries $ 395,517 $ 191,329 $ 22,222 $ 18,042 $ 18,944 $ 33,052 $ - $ 

- 

Employee Benefits $ 46,542 $ 38,707 $ 42,448 $ 47,474 $ - $ - $ - $ 

- 

Purchased Services $ 1,725,405 $ 1,066,240 $ 391,105 $ 516,118 $ 598,203 $ 446,610 $ 210,000 $ 69,000 

Supplies and Materials $ 6,140 $ 27,505 $ 30 $ - $ - $ - $ - $ 

- 

Capital Outlay $ 24,556,580 $ 14,423,714 $ 3,520,574 $ 4,620,460 $ 9,103,123 $ 6,152,047 $ 790,000 $ 438,000 

Contingency, Tuition and Non-Capitalized Equipment $ - $ - $ - $ - $ - $ 634,024 $ - $ 

- 

Total Expenditures 26,730,184 15,747,495 3,976,379 5,202,094 9,720,270 7,265,733 1,000,000 507,000 

$30,000,000 

3-128 

$25,000,000 

$20,000,000 

$15,000,000 

$10,000,000 

$5,000,000 

$- 

Amend 





Capital Outlay Contingency, Tuition and Non-Capitalized Equipment


Capital Projects Fund Expenditure Detail by Object 


FY 2010 



Salaries 

Administrative Salaries $ 334,777 $ 165,102 $ 7,030 $ 18,042 $ 18,944 $ 33,052 $ - $ - 

Temporary Salaries - 3,326 15,192 - - - - - 

Overtime Time and a Half - 664 - - - - - - 

12-Month Secretaries 60,740 22,237 - - - - - - 

Total Salaries 395,517 191,329 22,222 18,042 18,944 33,052 - - 


Life Insurance 801 455 401 357 - - - - 

Medical Insurance 40,663 47,744 39,389 43,598 - - - - 

Dental Insurance 4,927 2,642 2,519 3,401 - - - - 

Disability Insurance 151 153 139 118 - - - - 


Total Employee Benefits 46,542 38,707 42,448 47,474 - - - - 

3-129 


Technical Services 1,643,061 717,850 378,305 471,118 598,203 446,610 210,000 69,000 

Admin Professional Services - - 3,500 - - - - - 

Other Tech and Prof Serv - - - 45,000 - - - - 

Repairs and Maint Services 56,423 344,804 9,300 - - - - - 

Rentals 15,728 - - - - - - - 

Contract Cleaning 2,015 - - - - - - - 

Travel Conf/Workshops 715 - - - - - - - 

Communications/Postage 6,383 2,942 - - - - - - 

Printing and Duplicating 100 454 - - - - - - 

Copier Service/Repair 980 190 - - - - - - 

Water/Sewer - - - - - - - - 

Total Purchased Services 1,725,405 1,066,240 391,105 516,118 598,203 446,610 210,000 69,000 


Supplies 3,777 27,505 30 - - - - - 

Textbooks 61 - - - - - - - 

Gasoline 2,302 - - - - - - - 

Total Supplies and Materials 6,140 27,505 30 - - - - - 


Buildings 19,562,833 7,957,978 1,325,391 2,549,626 9,103,123 3,809,557 750,000 438,000 

Improvements (Non Building) 790,915 831,668 1,714,556 1,753,153 - 1,365,750 40,000 0 

Addl/Repl Equipment 4,202,832 5,634,068 480,627 317,681 - 976,740 - 0 

Total Capital Outlay 24,556,580 14,423,714 3,520,574 4,620,460 9,103,123 6,152,047 790,000 438,000 



Total Expenditures $ 26,730,184 $ 15,747,495 $ 3,976,379 $ 5,202,094 $ 9,720,270 $ 7,265,733 $ 1,000,000 $ 507,000


Capital Projects Fund Other Financing Sources (Uses) 


FY 2010 




Issuance of Debt Certificates $ - $ - $ 711,920 $ 6,200,000 $ - $ - $ - $ 

- 

Proceeds from Purchase Contracts - - - - - 962,270 - - 

Transfers In 72,625 - 4,405,597 - 9,700,000 10,110,566 - - 

Total Other Financing Sources (Uses) $ 72,625 $ - $ 5,117,517 $ 6,200,000 $ 9,700,000 $ 11,072,836 $ - $ 

- 

3-130


Developers Fees Fund Description 



The Developers Fees Fund is used to account for the proceeds derived from developers fees and the expenditure of those funds. 

3-131


Developers Fees Fund Summary 


FY 2010 



Revenue 

Local Revenue $ 1,183,857 $ 7,604,915 $ 1,887,000 $ 867,768 $ 875,000 $ 718,570 $ 875,000 $ 875,000 

Expenditures 

Purchased Services 153,366 3,280 - 326 - 93,356 - - 

Capital Outlay 1,033,012 426,519 283,694 123,155 875,000 29,284 1,000,000 875,000 


Total Expenditures 1,186,378 429,799 283,694 123,481 875,000 211,166 1,000,000 875,000 

Excess (Deficiency) of Revenues Over Expenditures (2,521) 7,175,116 1,603,306 744,287 - 507,404 (125,000) - 

Total Other Financing Sources (Uses) - - (4,405,597) - (9,700,000) (10,110,566) - - 

3-132 

Net Change in Fund Balance (2,521) 7,175,116 (2,802,291) 744,287 (9,700,000) (9,603,162) (125,000) - 

Fund Balance at Beginning of Year 4,850,050 4,847,529 12,022,645 9,220,354 9,938,423 9,938,423 335,261 210,261 

Fund Balance at End of Year $ 4,847,529 $ 12,022,645 $ 9,220,354 $ 9,964,641 $ 238,423 $ 335,261 $ 210,261 $ 210,261 



Change due to cash to accrual conversion (26,218) 




FY 2011 

FY 2011 

Budget 

Revenue 


3-133 


100%






Amend 

Revenue 

Local Revenue $ 1,183,857 $ 7,604,915 $ 1,887,000 $ 867,768 $ 875,000 $ 718,570 $ 875,000 $ 875,000 

3-134 

$8,000,000 

$7,000,000 

$6,000,000 

$5,000,000 

$4,000,000 

$3,000,000 

$2,000,000 

$1,000,000 

$- 

Amend 



Local Revenue


Developers Fees Fund Revenue Detail 


FY 2010 



Local Revenue 

Other Local Revenue $ 1,183,857 $ 7,604,915 $ 1,887,000 $ 867,768 $ 875,000 $ 718,570 $ 875,000 $ 875,000 

3-135




FY 2011 

Budget 

Expenditures 


Total Expenditures 875,000 

3-136 

Capital Outlay, $875,000 , 100%






Amend 

Expenditures 

Purchased Services $ 153,366 $ 3,280 $ - $ 326 $ - $ 93,356 $ - $ - 

Capital Outlay $ 1,033,012 $ 426,519 $ 283,694 $ 123,155 $ 875,000 $ 29,284 $ 1,000,000 $ 875,000 

Contingency, Tuition and Non-Capitalized Equipment $ - $ - $ - $ - $ - $ 88,526 $ - $ - 

Total Expenditures 1,186,378 429,799 283,694 123,481 875,000 211,166 1,000,000 875,000 

$1,200,000 

$1,000,000 

3-137 

$800,000 

$600,000 

$400,000 

$200,000 

$- 

Amend 



Purchased Services Capital Outlay Contingency, Tuition and Non-Capitalized Equipment


Developers Fees Fund Expenditure Detail by Object 


FY 2010 




Technical Services $ 153,366 $ 3,280 $ - $ 326 $ - $ - $ - $ - 

Other Property Services - - - - - 93,356 - - 

Total Purchased Services 153,366 3,280 - 326 - 93,356 - - 

3-138 


Land 653,985 1,000 - - - - - - 

Buildings 243,755 260,306 - - - - - - 

Improvements (Non Building) 66,608 25,222 - - - - - - 

Addl/Repl Equipment 68,664 139,991 283,694 123,155 875,000 29,284 1,000,000 875,000 

Total Capital Outlay 1,033,012 426,519 283,694 123,155 875,000 29,284 1,000,000 875,000 



Total Expenditures $ 1,186,378 $ 429,799 $ 283,694 $ 123,481 $ 875,000 $ 211,166 $ 1,000,000 $ 875,000


Developers Fees Fund Other Financing Sources (Uses) 


FY 2010 




Transfers Out $ - $ - $ (4,405,597) $ - $ (9,700,000) $ (10,110,566) $ - $ - 

3-139

INFORMATION


Bond Amortization Schedule-2010 $30,190,000 General Obligation Refunding School Bonds 


4-1 

Fiscal Fiscal Year 

Payment Date Principal Interest Total Year Total 

July 1, 2010 $ - $ 292,225 $ 292,225 2011 

January 1, 2011 $ 700,000 $ 584,450 $ 1,284,450 2011 $ 1,576,675.0 

July 1, 2011 - 577,450 577,450 2012 

January 1, 2012 2,470,000 577,450 3,047,450 2012 3,624,900 

July 1, 2012 - 540,400 540,400 2013 

January 1, 2013 3,555,000 540,400 4,095,400 2013 4,635,800 

July 1, 2013 - 469,300 469,300 2014 

January 1, 2014 12,275,000 469,300 12,744,300 2014 13,213,600 

July 1, 2014 - 223,800 223,800 2015 

January 1, 2015 11,190,000 223,800 11,413,800 2015 11,637,600 

Total $ 30,190,000 $ 4,498,575 $ 34,688,575 

$ 34,688,575


Bond Amortization Schedule-2009 $34,405,000 Tort Immunity, Life Safety, and Refunding Bonds 


4-2 



July 1, 2010 $ - $ 597,856 $ 597,856 2011 

January 1, 2011 $ 1,740,000 $ 597,856 $ 2,337,856 2011 $ 2,935,712.0 

July 1, 2011 - 571,756 571,756 2012 

January 1, 2012 1,535,000 571,756 2,106,756 2012 2,678,512 

July 1, 2012 - 556,406 556,406 2013 

January 1, 2013 1,305,000 556,406 1,861,406 2013 2,417,812 

July 1, 2013 - 540,094 540,094 2014 

January 1, 2014 1,065,000 540,094 1,605,094 2014 2,145,188 

July 1, 2014 - 524,119 524,119 2015 

January 1, 2015 5,920,000 524,119 6,444,119 2015 6,968,238 

July 1, 2015 - 435,319 435,319 2016 

January 1, 2016 4,375,000 435,319 4,810,319 2016 5,245,638 

July 1, 2016 - 364,225 364,225 2017 

January 1, 2017 1,985,000 364,225 2,349,225 2017 2,713,450 

July 1, 2017 - 329,488 329,488 2018 

January 1, 2018 2,055,000 329,488 2,384,488 2018 2,713,976 

July 1, 2018 - 288,388 288,388 2019 

January 1, 2019 2,135,000 288,388 2,423,388 2019 2,711,776 

July 1, 2019 - 235,013 235,013 2020 

January 1, 2020 2,240,000 235,013 2,475,013 2020 2,710,026 

July 1, 2020 - 179,013 179,013 2021 

January 1, 2021 2,355,000 179,013 2,534,013 2021 2,713,026 

July 1, 2021 - 120,138 120,138 2022 

January 1, 2022 2,470,000 120,138 2,590,138 2022 2,710,276 

July 1, 2022 - 58,388 58,388 2023 

January 1, 2023 2,595,000 58,388 2,653,388 2023 2,711,776 

Total $ 31,775,000 $ 9,600,406 $ 41,375,406 

$ 41,375,406


Bond Amortization Schedule-2005 $71,790,000 General Obligation School Refunding Bonds 


4-3 



July 1, 2010 $ - $ 1,170,459 $ 1,170,459 2011 

January 1, 2011 13,600,000 1,170,459 14,770,459 2011 $ 15,940,918 

July 1, 2011 - 830,459 830,459 2012 

January 1, 2012 420,000 830,459 1,250,459 2012 2,080,918 

July 1, 2012 - 822,584 822,584 2013 

January 1, 2013 15,085,000 822,584 15,907,584 2013 16,730,168 

July 1, 2013 - 445,459 445,459 2014 

January 1, 2014 365,000 445,459 810,459 2014 1,255,918 

July 1, 2014 - 438,616 438,616 2015 

January 1, 2015 935,000 438,616 1,373,616 2015 1,812,232 

July 1, 2015 - 420,500 420,500 2016 

January 1, 2016 1,985,000 420,500 2,405,500 2016 2,826,000 

July 1, 2016 - 380,800 380,800 2017 

January 1, 2017 3,060,000 380,800 3,440,800 2017 3,821,600 

July 1, 2017 - 319,600 319,600 2018 

January 1, 2018 4,155,000 319,600 4,474,600 2018 4,794,200 

July 1, 2018 - 236,500 236,500 2019 

January 1, 2019 5,330,000 236,500 5,566,500 2019 5,803,000 

July 1, 2019 - 129,900 129,900 2020 

January 1, 2020 6,495,000 129,900 6,624,900 2020 6,754,800 

Total $ 51,430,000 $ 10,389,754 $ 61,819,754 

$ 61,819,754


Bond Amortization Schedule-2003 $34,000,000 General Obligation Limited Tax Bonds 




July 1, 2010 $ - $ 500,145 $ 500,145 2011 

January 1, 2011 3,900,000 500,145 4,400,145 2011 $ 4,900,290 

July 1, 2011 - 398,745 398,745 2012 

January 1, 2012 4,360,000 398,745 4,758,745 2012 5,157,490 

July 1, 2012 - 284,295 284,295 2013 

January 1, 2013 4,850,000 284,295 5,134,295 2013 5,418,590 

July 1, 2013 - 150,920 150,920 2014 

January 1, 2014 5,390,000 150,920 5,540,920 2014 5,691,840 

Total $ 18,500,000 $ 2,668,210 $ 21,168,210 

$ 21,168,210 

4-4


Bond Amortization Schedule-2003 $88,600,000 Capital Appreciation Bonds 


4-5 



January 1, 2011 $ 722,790 $ 367,210 $ 1,090,000 2011 $ 1,090,000 

January 1, 2012 723,362 426,638 1,150,000 2012 1,150,000 

January 1, 2013 727,925 492,075 1,220,000 2013 1,220,000 

January 1, 2014 727,271 557,739 1,285,010 2014 1,285,010 

January 1, 2015 727,445 627,555 1,355,000 2015 1,355,000 

January 1, 2016 970,121 934,879 1,905,000 2016 1,905,000 

January 1, 2017 966,120 1,033,880 2,000,000 2017 2,000,000 

January 1, 2018 966,844 1,143,156 2,110,000 2018 2,110,000 

January 1, 2019 962,750 1,252,250 2,215,000 2019 2,215,000 

January 1, 2020 960,659 1,369,341 2,330,000 2020 2,330,000 

January 1, 2021 17,765,263 27,659,737 45,425,000 2021 45,425,000 

January 1, 2022 18,975,627 32,174,373 51,150,000 2022 51,150,000 

January 1, 2023 15,520,550 28,584,450 44,105,000 2023 44,105,000 

Total $ 60,716,727 $ 96,623,283 $ 157,340,010 

$ 157,340,010


Bond Amortization Schedule-2002 $54,999,619 Construction Bonds 


4-6 



January 1, 2011 $ - $ - $ - 2011 $ - 

January 1, 2012 - - - 2012 - 

January 1, 2013 - - - 2013 - 

January 1, 2014 - - - 2014 - 

January 1, 2015 - - - 2015 - 

January 1, 2016 373,209 401,791 775,000 2016 775,000 

January 1, 2017 13,773,167 16,386,833 30,160,000 2017 30,160,000 

January 1, 2018 12,786,097 16,738,904 29,525,000 2018 29,525,000 

January 1, 2019 11,825,531 16,969,469 28,795,000 2019 28,795,000 

January 1, 2020 14,528,432 22,776,568 37,305,000 2020 37,305,000 

January 1, 2021 1,213,183 2,071,817 3,285,000 2021 3,285,000 

Total $ 54,499,619 $ 75,345,381 $ 129,845,000 

$ 129,845,000


Bond Amortization Schedule-2001 $57,999,743 Construction Bonds 




January 1, 2011 $ 3,042,688 $ 1,982,312 $ 5,025,000 2011 $ 5,025,000 

January 1, 2012 2,524,952 1,865,048 4,390,000 2012 4,390,000 

January 1, 2013 2,677,017 2,222,983 4,900,000 2013 4,900,000 

January 1, 2014 9,327,947 8,647,053 17,975,000 2014 17,975,000 

January 1, 2015 9,173,427 9,436,573 18,610,000 2015 18,610,000 

January 1, 2016 14,072,352 15,982,648 30,055,000 2016 30,055,000 

Total $ 40,818,383 $ 40,136,617 $ 80,955,000 

$ 80,955,000 

4-7


Bond Amortization Schedule-1999 $18,300,000 School Building Bonds 


4-8 



July 1, 2010 $ - $ 431,500 $ 431,500 2011 

January 1, 2011 - 431,500 431,500 2011 $ 863,000 

July 1, 2011 - 431,500 431,500 2012 

January 1, 2012 - 431,500 431,500 2012 863,000 

July 1, 2012 - 431,500 431,500 2013 

January 1, 2013 - 431,500 431,500 2013 863,000 

July 1, 2013 - 431,500 431,500 2014 

January 1, 2014 - 431,500 431,500 2014 863,000 

July 1, 2014 - 431,500 431,500 2015 

January 1, 2015 - 431,500 431,500 2015 863,000 

July 1, 2015 - 431,500 431,500 2016 

January 1, 2016 1,725,000 431,500 2,156,500 2016 2,588,000 

July 1, 2016 - 388,375 388,375 2017 

January 1, 2017 3,300,000 388,375 3,688,375 2018 4,076,750 

July 1, 2017 - 305,875 305,875 2018 

January 1, 2018 5,025,000 305,875 5,330,875 2018 5,636,750 

July 1, 2018 - 180,250 180,250 2019 

January 1, 2019 7,000,000 180,250 7,180,250 2019 7,360,500 

Total $ 17,050,000 $ 6,927,000 $ 23,977,000 

$ 23,977,000


Bond Amortization Schedule-1997 $39,500,000 School Building Bonds 




July 1, 2010 $ - $ 539,175 $ 539,175 2011 

January 1, 2011 - 539,175 539,175 2011 $ 1,078,350 

July 1, 2011 - 539,175 539,175 2012 

January 1, 2012 13,825,000 539,175 14,364,175 2012 14,903,350 

Total $ 13,825,000 $ 2,156,700 $ 15,981,700 

$ 15,981,700 

4-9


Bond Amortization Schedule-1996 $14,999,900 Capital Appreciation School Bonds 




January 1, 2011 $ 1,203,975 $ 1,741,025 $ 2,945,000 2011 $ 2,945,000 

January 1, 2012 1,677,118 2,682,882 4,360,000 2012 4,360,000 

January 1, 2013 1,633,068 2,931,932 4,565,000 2013 4,565,000 

Total $ 4,514,161 $ 7,355,839 $ 11,870,000 

$ 11,870,000 

4-10


District Facility Information 


4-11 

Year of Most 

Year Recent Square 

Building Built Addition Footage 

Schools: 

Garfield 1887 1998 45,448 

Lowrie 1887 2000 41,252 

McKinley 1887 2000 48,325 

Washington 1893 2004 53,139 

Gifford Street High School/Central Building 1911 1939 223,214 

Bartlett 1928 2002 60,591 

Ontarioville 1928 2001 47,821 

Abbott 1932 2001 108,303 

Wayne 1947 2003 59,875 

Harriet Gifford 1949 2003 55,902 

Larsen 1951 2002 103,886 

Ellis 1952 2003 110,135 

Coleman 1954 1998 53,307 

Hanover Countryside 1954 1991 46,062 

Huff 1954 1997 61,634 

Willard 1954 2002 42,250 

Clinton 1958 1999 47,233 

Woodland Heights 1958 2001 37,736 

Highland 1959 1999 49,276 

Kimball 1959 2002 124,531 

Laurel Hill 1962 1998 35,463 

Streamwood Elementary 1962 1998 33,811 

Larkin High 1962 2003 348,387 

OakHill 1965 2003 61,958 

Tefft 1965 1965 136,946 

Hillcrest 1967 1999 46,553 

Sunnydale 1967 2003 46,670 

Channing 1968 2003 53,833 

Ridge Circle 1969 2002 65,048 

Century Oaks 1970 2000 50,827

4-12 

Eastview 1970 2001 167,341 

Glenbrook 1971 1998 46,815 

Parkwood 1971 1999 42,903 

Elgin High School 1972 2003 365,242 

Sheridan 1973 1999 46,832 

Heritage 1976 1999 47,185 

Independence 1976 1998 32,150 

Canton 1976 - 126,942 

Herizon 1977 2002 63,828 

Lords Park 1977 1998 61,823 

Streamwood High School 1978 2002 289,811 

Centennial 1991 2001 74,000 

Prarieview 1992 2001 74,101 

Sycamore Trails 1992 2001 71,390 

Fox Meadow 1996 2001 69,390 

Spring Trail 1996 - 59,778 

Bartlett High School 1997 2001 397,787 

Creekside 1998 - 58,732 

Illinois Park 1999 - 50,385 

Nature Ridge 1999 2003 57,678 

Hawk Hollow 2002 - 53,125 

Liberty 2002 - 61,630 

Otter Creek 2002 - 62,612 

Hilltop 2003 - 63,212 

Lincoln 2003 - 53,178 

Timber Trails 2003 - 56,454 

Kenyon Woods 2003 - 153,563 

South Elgin High School 2004 - 384,365 

Other Buildings: 

4 South Gifford N/A - 5,676 

Observatory 1910 - 4,083 

Transportation N/A - 31,130 

Plant Operation 2001 - 31,500 

Warehouse 2002 - 28,000 

Total 5,492,057 

Source: District records 

N/A: Not Available


Glossary of Terms 


This Glossary contains definitions of terms used in this document and such 

additional terms as deemed necessary to common understanding concerning 

Illinois budgetary accounting procedures for schools. Several terms, which are 

not primarily budgetary accounting terms, have been included because of their 

significance for school district accounting. The glossary is arranged 

alphabetically. 

ACCOUNTING SYSTEM. The total structure of records and procedures that 

discover, record, classify, and report information on the financial position and 

operation of a school district or any of its funds, balanced account groups and 

organizational components. 

ACCOUNT NUMBER. An account number is a defined code for recording and 

summarizing financial transactions. 

ACCOUNTING PERIOD. The accounting period is a period at the end of which 

and for which financial statements are prepared. For School District U-46, the 

accounting period is as of and for the year ending June 30. 

ACCRUAL BASIS. Accrual basis accounting is an accounting system that 

records revenues when earned and expenditures when a fund liability is created, 

regardless of the accounting period in which cash payment is actually made. An 

encumbrance system may be used in conjunction with an accrual basis 

accounting system. 

ACCRUED EXPENDITURES. Accrued expenditures are those expenditures 

which have been incurred and have not been paid as of a given date. 

ACCRUED INTEREST. Accrued interest is interest earned between interest 

dates, but not yet paid. 

ACCRUED LIABILITIES. Accrued liabilities are those amounts owed but not yet 

paid as of a given date. 

ACCRUED REVENUE. Accrued revenue is revenue earned and not yet 

collected regardless of whether due or not. 

APPROPRIATION. An appropriation is an authorization granted by a legislative 

body to make expenditures and to incur obligations for specific purposes. Note: 

An appropriation is usually limited in both the dollar amount and the time when it 

may be expended. 

4-13

APPROPRIATION ACCOUNT. A budgetary account established to record a 

specific authorization to spend. The account is credited with original and any 

supplemental appropriations, and is charged with expenditures and 

encumbrances. 

ASSESSED VALUATION. The assessed valuation is the total dollar value 

assigned to all real property and improvements thereon, plus personal property, 

subject to taxation. 

ASSETS. The entire property owned by the School District. 

AUDIT. An audit is an examination of the financial records of the School District 

to obtain reasonable assurance that the financial statements prepared by the 

District are free of material misstatement. An audit includes examining, on a test 

basis, evidence supporting the amounts and disclosures in the financial 

statements. It further includes an assessment of the accounting principles and 

procedures used, and of the significant financial estimates made by 

management. 

AVERAGE DAILY ATTENDANCE (ADA). Average daily attendance is the 

average attendance of a school taken over a three-week period commencing the 

first Monday after Labor Day in September. Kindergarten counts as one-half 

ADA. 

BALANCED BUDGET. The budget is balanced if revenues are equal to or 

exceed expenditures. 

BOARD OF EDUCATION. The seven member Board of Education is an elected 

body that has been created according to state statute, and vested with 

responsibility for educational activities in the School District. 

BOND. A bond is a written promise ot pay a specific sum of money, called the 

face value or principal amount, at a specified date or dates in the future, called 

the maturity date, and with periodic interest payments at a rate specified in the 

bond. A bond is generally issued for a specific purpose or project, such as 

construction of a new facility. The difference between a note and a bond is that a 

bond generally is for a longer period of time, and requires greater legal formality. 

BONDED DEBT. Bonded debt is part of the school district debt that is covered 

by outstanding bonds of the District. This is sometimes called “funded debt.” 

BONDS ISSUED. Bonds issued are reflected when bonds are sold. 

4-14

BUDGET. The budget is a plan of financial operation embodying an estimate of 

proposed expenditures for a given period or purpose, and the proposed means of 

financing those expenditures. The budget is a legal document once it has been 

approved by the Board of Education. 

BUDGETARY CONTROL. Budgetary control is the management of the 

business affairs of the District in accordance with an approved budget, with the 

responsibility to keep expenditures within the authorized amounts. 

BUILDINGS. Facilities permanently affixed to the land, including their associated 

heating and air conditioning systems, electrical and sound systems, plumbing 

and sewer systems, elevators, and other fixed equipment. 

CASH. Cash is money or its equivalent, usually ready money. Money in hand, 

either in currency, coin, or other legal tender, or in bank bills or checks paid and 

received, deposits and NOW accounts, bank notes or sight drafts, bank 

certificates of deposit, municipal orders, warrants, or scrip. 

CASH BASIS. A basis of accounting under which transactions are recognized 

only when cash is received or disbursed. 

CHART OF ACCOUNTS. A chart of accounts is a list of all accounts generally 

used in an accounting system. In addition to account title, the chart includes an 

account number which has been assigned to each account. Accounts in the 

chart are arranged with accounts of a similar nature; for example, assets and 

liabilities. 

CONTINGENT LIABILITIES. Liabilities which are not now fixed and absolute but 

which will become so in case of the occurrence of some future and uncertain 

event. 

CONTRACTED SERVICES. Labor, materials and other costs for services 

rendered by personnel who are not on the payroll of the District. 

CORPORATE PERSONAL PROPERTY REPLACEMENT TAX. The corporate 

personal property replacement tax is collected by the Illinois Department of 

Revenue as a replacement for the personal property tax. 

COST BENEFIT. Cost benefit analyses are those studies which provide the 

means for comparing the resources to be allocated to a specific program with the 

results likely to be obtained from it, or analyses which provide the means for 

comparing the results likely to be obtained from the allocation of certain 

resources toward the achievement of alternate or competing objectives. 

4-15

COST EFFECTIVENESS. Cost effectiveness refers to the extent to which 

resources allocated to a specific objective under each of several alternatives 

actually contribute to accomplishing that objective. 

CURRENT ASSETS. Current assets are cash or anything that can be readily 

converted into cash. 

CURRENT EXPENDITURES PER PUPIL. Current expenditures for a given 

period of time divided by a pupil unit of measure. 

CURRENT LIABILITIES. Current liabilities are debts which are payable within a 

short period of time, usually no longer than one year. 

DEBT. An obligation resulting from the borrowing of money or from the purchase 

of goods and services. Debts of local education agencies include bonds, 

warrants and notes. 

DEBT LIMIT. The maximum amount of gross or net debt that is legally 

permitted. 

DEBT SERVICE. Debt service includes expenditures for the retirement of debt 

and expenditures for interest on debt, except principal and interest on current 

loans, which are loans payable in the same fiscal year in which the money was 

borrowed. 

DEFERRED CHARGES. Deferred charges include expenditures which are not 

chargeable to the fiscal year in which they are made, but are carried over on the 

asset side of the balance sheet pending amortization or other disposition. 

Deferred charges differ from prepaid expenditures in that they usually extend 

over a long period of time and may or may not be regularly recurring costs of 

operation. 

DEFERRED REVENUES. Deferred revenues are those monies or entitlements 

which have been recognized as revenues but have not been received and are 

therefore not available for use. 

DEFICIT. A deficit is a shortfall of revenues and transfers in under expenditures 

and transfers out. 

DIRECT COSTS. Direct costs are those elements of cost which can be easily, 

obviously, and conveniently identified with specific programs or activities, as 

distinguished from those costs incurred for several different activities or programs 

and whose elements are not readily identified with specific activities. 

DISBURSEMENTS. Disbursements are the actual payments of cash by the 

District. 

4-16

DOUBLE ENTRY ACCOUNTING. Double entry accounting is an accounting 

system that requires for every entry made to the debit side of an account or 

accounts, there must be an equal entry to the credit side of an account or 

accounts. 

ENCUMBRANCES. Encumbrances are anticipated or actual liabilities provided 

for by appropriation which is recognized when a contract, purchase order, or 

salary commitment is made. It reduces the appropriation to avoid expenditure of 

funds needed to pay anticipated liabilities or expenditures. They cease to be 

encumbrances when paid. 

EXPENDITURES. This includes total charges incurred, whether paid or unpaid, 

for current costs, capital outlay, and debt service. 

FEDERAL GOVERNMENT SOURCES. Federal government sources is that 

revenue provided directly from the Federal government. Expenditures made with 

this revenue should be identifiable as federally supported expenditures. 

FINANCIAL STATEMENT. A financial statement is a formal summary of the 

accounting records setting forth the District’s financial condition and results of 

operations. 

FISCAL YEAR. The fiscal year is the year by or for which accounts are 

reckoned or the year between one annual time of settlement or balancing of 

accounts and another. It consists of a period of twelve months, not necessarily 

concurrent with the calendar year, with reference to which appropriations are 

made and expenditures are authorized and at the end of which accounts are 

made up and the books are closed. The District’s fiscal year is the period from 

July 1 to June 30 of the following calendar year. 

FIXED ASSETS. Fixed assets are those assets essential to continuance of 

proper operation of the District. They include land, buildings, machinery, 

furniture, and other equipment which the District intends to hold or continue to 

use over a long period of time. 

FULL-TIME EQUIVALENT (FTE). An employee that is hired to fill a normal 

contract day is equivalent to one (1) full-time equivalent. 

FUNCTION. A level in the classification structure hierarchy representing the 

collection of function elements serving a common set of objectives that reflect the 

major institutional missions and related support objectives. 

4-17

CAPITAL OUTLAY. Capital outlay includes expenditures for the 

acquisition of fixed assets or additions to fixed assets. These are 

expenditures for land or existing buildings, improvements of grounds, 

construction of buildings, additions to buildings, remodeling of buildings, 

initial equipment, additional equipment, and replacement of equipment. 

DEBT SERVICE. Debt service payments include payments for principal 

and interest on the long-term debt of the district. 

INSTRUCTION. Instruction consists of those activities dealing with the 

teaching of students. Included within the instruction function are regular 

programs, special programs, and other instructional programs. 

INTERGOVERNMENTAL. Intergovernmental includes payments to other 

governmental entities. 

SUPPORT SERVICES. Support services include services that provide 

administrative, technical (e.g., guidance and health), and logistical support 

to facilitate and enhance instruction. Support services are adjuncts to the 

fulfillment of the objectives of instruction. 

NONPROGRAMMED CHARGES. Nonprogrammed charges include all 

payments to other districts. 

FUND. A fund is a separate accounting entity with a self-balancing set of 

accounts that comprise its assets, liabilities, fund equity, revenues, and 

expenditures. District resources are allocated to and accounted for in individual 

funds based upon the purposes for which they are to be spent and the means by 

which spending activities are controlled. An account group, on the other hand, is 

a financial reporting device designed to provide accountability for certain assets 

and liabilities that are not recorded in the funds because they do not directly 

affect net expendable available resources. Following are the funds used by the 

District. 

CAPITAL PROJECTS FUND. The Capital Projects Fund is used to 

account for proceeds resulting from building bonds, receipts from other 

long-term financing agreements, or construction or maintenance grants 

used to finance a capital project, capital lease, lease purchase agreement, 

or if a tax is levied in accordance with Section 17-2.3 of the School Code. 

DEBT SERVICE FUND. The Debt Service Fund is used to account for 

revenues and related expenditures to retire bond principal or to pay bond 

interest, or if other revenue is pledged to pay principal, interest, or service 

charges on other long-term debt instruments. [See 105 ILCS 5/Art. 19] 

4-18

DEVELOPERS FEES FUND. The Developers Fees Fund is used to 

account for the proceeds derived from developers fees and the 

expenditure of those funds. 

EDUCATION FUND. The Education Fund is the general operating fund of 

the district. It is used to account for all financial transactions not 

accommodated by another specific fund. This fund is primarily used for 

most of the instructional and administrative aspects of the district’s 

operations. [See 105 ILCS 5/17-2] 

FIRE PROTECTION AND SAFETY FUND. The Fire Protection and 

Safety Fund is used to account for expenditures for fire prevention, safety, 

energy conservation, or school security, and the revenues supporting 

those expenditures. [See ILCS 5/2-3.12 and 17-2.11] 

IMRF/SOCIAL SECURITY FUND. The IMRF/Social Security Fund is 

used to account for property tax revenues and related expenditures for 

contributions to the Illinois Municipal Retirement Fund (IMRF), Social 

Security, and Medicare. [See 105 ILCS 5/17-1, 21-110, and 21-110.1] 

OPERATIONS AND MAINTENANCE FUND. The Operations and 

Maintenance Fund is used to account for expenditures for the 

improvement, maintenance, repair, or benefit of buildings and property, 

including the cost of interior decorating and the installation, improvement, 

repair, replacement, and maintenance of building fixtures; rental of 

buildings and property, payment of all premiums for insurance upon 

building and building fixtures; all costs of lights, gas, water, telephone 

service, custodial supplies and equipment, and professional surveys of 

district property. [See 105 ILCS 5/17-2 and 17-7] 

TORT IMMUNITY AND JUDGEMENT FUND. The Tort Immunity and 

Judgment Fund is used to pay for settlements or judgments, for protecting 

the district or its employees against liability, property damage or loss, and 

for risk care management programs. 

TRANSPORTATION FUND. The Transportation Fund is used to account 

for the costs associated with transporting students for any purpose. All 

costs of transportation, other than those authorized by statute to be paid 

from another fund, shall be paid by this fund. Any funds received for 

transportation purposes must be deposited into this fund, with amounts 

due other funds appropriately transferred thereafter. 

4-19

WORKING CASH FUND. The purpose of the Working Cash Fund is to 

enable the district to have in its treasury at all time sufficient money to 

meet demands for ordinary and necessary expenditures. [See 105 ILCS 

5/Art. 20] 

FUND BALANCE. The excess of assets of a fund over its liabilities. During the 

fiscal year prior to closing, it represents the excess of the fund’s assets and 

estimated revenues for the period over its liabilities and appropriations for that 

period. 

FUND EQUITY. The fund equity is the balance of a fund after all liabilities have 

been deducted from the assets of the fund. 

GENERAL OBLIGATION REFUNDING BONDS. Bonds issued to retire bonds 

already outstanding. The refunding bonds may be sold for cash and outstanding 

bonds redeemed in case, or the refunding bond may be exchanged with the 

holders of the outstanding bonds. 

INDIRECT COSTS. Indirect costs are those costs associated with, but not 

directly attributable to, the providing of a product or service which are of such a 

nature that they cannot be readily or accurately identified with the specific 

product or service. 

INTERFUND TRANSFERS. Interfund transfers are the transfer of monies 

between funds. Monies may not be transferred between funds except by the 

same procedure as that used to approve the budget, including public notification, 

publication, inspection, and comment. Interfund transfers are usually part of the 

overall budget plan and are built into the budget at the time of its approval by the 

Board of Education. 

INTERNAL CONTROL. The purpose of internal control is to safeguard the use 

of public funds and to protect the public trust on behalf of the District. Internal 

controls are those activities and organizational preparations designed to ensure 

effective accounting control over assets, liabilities, revenues, expenditures, and 

any other activities associated with the finance and accounting actions of the 

District. Some of the precautions instituted by internal control are insuring that 

no single individual can perform a complete cycle of financial operations and that 

procedures of the finance and accounting system are specified and monitored. 

Internal control also requires designated levels of authorization for all actions 

under the system. 

4-20

INVESTMENTS. Investments are securities or other properties in which money 

is held, either temporarily or permanently, in expectation of obtaining revenues. 

Legal investments for District funds are governed by state statute, which allows 

for funds belonging to or in the custody of the District to be invested. Bonds, 

treasury bills, certificates of deposit, and short-term discount obligations issued 

by the Federal National Mortgage Association of the types of investments which 

are permitted by law. 

LIABILITY. Obligations incurred by the District when deed passes that must be 

liquidated, renewed, or refunded at a future date. 

MODIFIED ACCRUAL BASIS OF ACCOUNTING. The modified accrual basis 

of accounting is any accounting system that records revenue when susceptible to 

accrual, this is, it is both measurable and available. Available means collectible 

within the current period or soon enough thereafter to be used to pay the 

liabilities of the current period. Expenditures other than interest on long-term 

debt generally are recognized when the related fund liability is incurred. 

NET CURRENT ASSETS. Net current assets is the difference between current 

assets and current liabilities. This is also known as working capital. 

NET EXPENDITURE. A net expenditure is the actual cost incurred by the 

District for some service or object after the deduction of any discounts, rebates, 

reimbursements, or revenue produced by the service or activity. 

NET REVENUE. Net revenue is defined as the balance remaining after 

deducting from the gross revenue for a given period all expenditures during that 

same period. 

OBJECT. The term object applies to expenditure classifications and designates 

materials or services purchased. Expenditures are grouped by major objects, 

such as salaries, purchased services, or materials and supplies, and are further 

divided as needed for cost accounting and control purposes. 

CAPITAL OUTLAY. Capital outlay includes expenditures for the 

acquisition of fixed assets or additions to fixed assets. These are 

expenditures for land or existing buildings, improvements of grounds, 

construction of buildings, additions to buildings, remodeling of buildings, 

initial equipment, additional equipment, and replacement of equipment. 

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CONTINGENCY, TUITION AND NON-CAPITALIZED EQUIPMENT. 

Contingency includes an amount set-aside in the budget to provide for 

items unforeseen items when the budget was developed. Tuition includes 

expenditures to reimburse other educational agencies for services 

rendered to students residing within the legal boundaries for our district. 

Non-capitalized equipment includes items that would normally be 

classified as capital assets except that they cost more than $500 but less 

than the districts capitalization threshold. 

EMPLOYEE BENEFITS. Employee benefits include amounts paid by the 

district on behalf of employees. These amounts are not included in gross 

salary, but are over and above it. Payments such as fringe benefits, while 

not paid directly to employees, nevertheless are a part of the cost of 

employees. 

OTHER EXPENDITURES. Other expenditures includes those items that 

are not recorded in any of the other objects. 

PURCHASED SERVICES. Purchased services include amounts paid for 

personal services rendered by personnel who are not on the district’s 

payroll, and other services the district may purchase. 

SALARIES. Salaries include amounts paid to permanent, temporary, or 

substitute employees on the district’s payroll. This includes gross salary 

for personal service rendered while on the payroll of the district. 

SUPPLIES AND MATERIALS. Supplies and materials include amounts 

paid for material items of an expendable nature that are consumed, worn 

out, or deteriorated in use, or items that lose their identity through 

fabrication or incorporation into different or more complex units or 

substances. 

PERFORMANCE BUDGET. A budget that is structured to allow for expenditure 

analysis based upon measurable performance of predetermined objectives 

established by each activity. 

PERSONNEL, ADMINISTRATIVE. District personnel who are primarily engaged 

in activities that have as their purpose the general regulation, direction, and 

control of the affairs of the District. Administrative certification is required. 

PERSONNEL, CLASSIFIED. District personnel occupying positions that have 

as their major responsibilities the preparing, transferring, transcribing, 

systematizing, and preserving of written communications. They also include 

personnel engaged in the repairing and upkeep of grounds, buildings and 

equipment, as well as support personnel whose positions do not require teaching 

or administrative certification. 

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PERSONNEL, INSTRUCTIONAL. District personnel who render services 

dealing directly with the instruction of pupils. School District U-46 requires a 

State of Illinois Teaching Certificate endorsed by the Kane County Regional 

Office of Education. 

PREPAID EXPENDITURES. Expenditures entered in the accounts for benefits 

not yet received. Prepaid expenditures differ from deferred charges in that they 

are spread over a shorter period of time than deferred charges and are regularly 

recurring costs of operation. 

PROPERTY TAX LEVY. The total of taxes or special assessments imposed by 

a governmental unit which is the product of a specific tax rate and the assessed 

valuation. 

PROPERTY TAX RATE. A statement in dollars and cents, expressed per each 

$100 of assessed valuation, that will yield a specified amount of money from 

property taxes. 

PROGRAM. Group activities, operations, or organizational units directly 

attaining specific purposes or objects. 

RECEIPT. The actual receipt of cash. 

REVENUES. Additions to assets which do not increase any liability, do not 

represent the recovery of an expenditure, do not represent the cancellation of 

certain liabilities without a corresponding increase in other liabilities or a 

decrease in assets. 

SCHOOL BUDGET. A financial plan considering both revenue and expenditures 

necessary to meet the educational program of a school district. The budget is for 

one fiscal year. 

SCHOOL BUDGET YEAR. The school budget year is a twelve-month period 

commencing July 1 of one calendar year, and ending June 30 of the following 

calendar year. 

TAX RATE. An amount of tax stated in terms of a unit of the tax base. 

4-23


Acronyms 


AA 

ADA 

AICPA 

ASBO 

AVID 

ARRA 

CAC 

CFDA 

CLC 

FASB 

FTE 

GAAP 

GASB 

GFOA 

IASBO 

ILCS 

IMRF 

ISBE 

PBIS 

RTI 

RTTT 

TMP 

TRS 

Affirmative Action 

Average Daily Attendance 

American Institute of Certified Public Accountants 

Association of School Business Officials International 

Advancement Via Individual Determination 

American Reinvestment and Recovery Act 

Citizens Advisory Council 

Catalog of Federal Domestic Assistance 

Continuous Learning Calendar 

Financial Accounting Standards Board 

Full-Time Equivalent 

Generally Accepted Accounting Principles 

Governmental Accounting Standards Board 

Government Finance Officers Association 

Illinois Association of School Business Officials 

Illinois Compiled Statutes 

Illinois Municipal Retirement Fund 

Illinois State Board of Education 

Positive Behavioral Interventions Supports 

Response to Intervention 

Race to the Top 

Teacher Mentoring Program 

Teachers Retirement System 

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FINANCIAL SECTION - School District U-46

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