FINANCIAL SECTION - School District U-46

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.
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