Financials

Finance and Operations Document Portal (Public)

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INCLUDED IN THE LINK ABOVE

Annual Financial Report (Annual)
In addition to the audit, a financial report is to be created by the independent certified public accountant each year. The annual financial report of the District is to be submitted to the Illinois State Board of Education and Regional Office of Education servicing the District.

Annual Statement of Affairs (Annual)

Pursuant to Section 10-17, the Board of Education shall make available to the public a statement of the affairs of the district prior to December 1st annually by submitting the statement of affairs to the Illinois State Board of Education. (105 ILCS 5/10-17). 

Audit (Annual)

Pursuant to School Board Policy 4:80 (Accounting and Audits), the Board of Education is required to have an audit performed by an independent certified public accountant each year. The annual financial report of the District is to be submitted to the Illinois State Board of Education and Regional Office of Education servicing the District.

Budget (Annual)

Section 17-1.2 of the Illinois School Code (105 ILCS 5/17-1.2) requires Illinois School districts to post the current annual budget, itemized by receipts and expenditures, on the school district's Internet web site. 

Contracts in Excess of $25,000 (Annual)
In addition, pursuant to Section 10-20.44 of the Illinois School Code, the Board of Education must list on its website, if any, all contracts over $25,000. (105 ILCS 5/10-20.44).

Illinois Municipal Retirement Fund Compensation Report (Annual)

Public Act 97-0609 requires that within six days of approving the legal budget, school districts must post the IMRF - Salary Compensation Reporting, which lists the total compensation package for each employee exceeding $75,000: 

Projections (Bi-Annual)
The Board is presented with a 5-year projection twice per year. Once in the spring and once in the fall in conjunction with the budget and levy.  

Teacher and Administrator Compensation Reports (Annual)
Public Act 96-0266 requires that school districts post the Administrator and Teacher Salary and Benefits Report on or before September 1 of each year: