What percentage of the Districts budget comes from local, state and federal sources? How has this changed from last year?
In FY’04 the District will have a balanced operating budget. Total operating revenues are projected to be $26,453,472 with operating expenditures of $26,279,639, leaving a $173,833 operating surplus. The operating surplus will assist in removing the District from ISBE’s early financial watch list by FY’05. However, total revenue is projected to be $28,008,230 with total expenditures of $28,950,836 with a total deficit of $942,606. This is due to legally mandated life-safety construction projects in the budget. The District will use reserves to fund these construction projects. The District’s revenue is projected to be $28,008,230, which is made up of 49% local, 39% state, and 12% federal sources. The most significant change from last year is the $609,950 increase in General State Aid. However, there was a loss in Hold Harmless of $283,519, making the net increase of GSA $326,431. Corporate Personal Property Replacement Tax (CPPRT) revenue decreased by $90,810. In the last four fiscal y
Related Questions
- Can all Abbott schools combine their federal resources and their other state and local resources in a school-based budget?
- What percentage of the Districts budget comes from local, state and federal sources? How has this changed from last year?
- If a teacher endangers a student, or otherwise breaks a local, state, or federal law, how will the interpreter handle that?
