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Meeting Agenda
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I. Call to Order and Roll Call
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II. Approval of Agenda
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III. New Business
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III.A. Fiscal Year 2017 Budget (2016-2017 year)
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III.A.1. Budget Hearing
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III.A.2. Public Input
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IV. Adjournment
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Agenda Item Details
Reload Your Meeting
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| Meeting: | September 21, 2016 at 4:45 PM - Budget Hearing | |
| Subject: |
I. Call to Order and Roll Call
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| Presenter: |
Mr. Shaw
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Description:
Board President Dwaine Shaw Jr. will call the meeting to order and Chris Kidd will call the roll of members. Dwaine will also introduce any guests that we have present.
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| Subject: |
II. Approval of Agenda
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| Presenter: |
Mr. Buresh, Superintendent
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Description:
RECOMMENDATION: I recommend you approve the agenda as presented. |
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| Subject: |
III. New Business
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| Presenter: |
Mr. Buresh
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| Subject: |
III.A. Fiscal Year 2017 Budget (2016-2017 year)
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| Presenter: |
Mr. Buresh
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Description:
This is the same Fiscal Year 2017 budget that I presented to the Board in August. It is a total
budget projecting $4,895,998 in Revenues and $5,148,996 in Expenses. This is an overall budget deficit of $252,998. This is the most conservative budget that I have ever presented and I hope we can make this happen without amending it in May. The budgeted expenses is less than we budgeted last year and the budgeted revenues slightly higher than what we received a year ago. Any major additional unanticipated expenses will likely cause us to amend the budget in May. We already know that there will be approximately $45,000 additional personnel expense, but I would recommend that we amend this in May too if we need to. Then I don't get questioned (although totally explainable) regarding changing and displaying a tentative budget and then changing it at the September Board meeting. In this budget, I am again recommending the $500,000 permanent transfer from the Working Cash Fund to the Education Fund Finance Committee agrees) and paying the $50,000 loan from the IMRF/SS Fund back to the Working Cash Fund at the start of Fiscal Year 2018 to the IMRF/SS Fund. The $500,000 permanent transfer is recorded as both a revenue and an expense in the budget planner, thus, making both revenues and expenses looking larger than they really are. The budget has been on display on the District website since August 18th and the notice of the budget hearing was in the Dispatch, thus, we have met all legal requirements. Nobody has called or stopped to inquire about anything regarding the budget. |
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| Subject: |
III.A.1. Budget Hearing
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| Presenter: |
Mr. Buresh
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| Subject: |
III.A.2. Public Input
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| Subject: |
IV. Adjournment
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Description:
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