FINANCIAL SECTION - School District U-46

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$7th Grade Math$

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. 4-22
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
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SCHOOL DISTRICT U-46 KANE, COOK AND
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Table of Contents TABLE OF CONTENTS
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Operations and Maintenance Fund 3-7
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INFORMATION - SECTION 4 Bond Amorti
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August 16, 2010 Members of the Boar
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BUDGET SUMMARY - FY 2011 All Distri
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FY 2011 Budget Goals From the time
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Economic Condition and Financial Ou
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EXPENDITURES Salary Expenditures Sa
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391,000 Reduction in Transportation
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High School Boys Cross Country Gir
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SCHOOL DISTRICT U-46 Budget Timelin
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ORGANIZATIONAL
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Capital Projects Funds Fire Prevent
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School District U-46 Illinois Budge
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District U-46 Communities Board of
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School District U-46 Departments an
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Special Education Staff coordinates
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School District U-46 District Impro
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School District U-46 Budget Develop
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School District U-46 Fund Organizat
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School District U-46 All Funds Summ
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3-7 FY 2005 FY 2006 FY 2007 FY 2008
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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School District U-46 All Funds Exce
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3-23 FY 2005 FY 2006 FY 2007 FY 200
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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School District U-46 Operating Fund
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3-37 FY 2005 FY 2006 FY 2007 FY 200
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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School District U-46 Education Fund
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3-53 FY 2005 FY 2006 FY 2007 FY 200
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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School District U-46 Transportation
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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School District U-46 Operations and
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FY 2005 FY 2006 FY 2007 FY 2008 FY
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School District U-46 Tort Immunity
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School District U-46 IMRF/Social Se
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School District U-46 Working Cash F
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School District U-46 Debt Service F
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Page 151 and 152: School District U-46 Debt Service F
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Page 155 and 156: School District U-46 Fire Preventio
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Page 171 and 172: School District U-46 Developers Fee
Page 181 and 182: School District U-46 Bond Amortizat
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Page 195 and 196: BUDGET. The budget is a plan of fin
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Page 199 and 200: DEVELOPERS FEES FUND. The Developer
Page 201: INVESTMENTS. Investments are securi
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FINANCIAL SECTION - School District U-46

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