Tentative Budget
2004-05 Fiscal Year

July 20, 2004

AUDITED AND BUDGETED INFORMATION SUMMARY
FISCAL YEARS 2001-02 THROUGH 2004-05

Audit
2001-02*
Audit
2002-03*
Unaudited
2003-04*
Tentative Budget
2004-05*

REVENUE

 

 

 

  

Education Fund

$8,140,632

$7,429,880

$8,162,715
$11,890,252

Operation & Maintenance

1,362,464

1,220,555

1,352,459
1,461,615

Bond & Interest

472,707

400,461

460,236
476,100

Transportation

119,462

126,874

156,389
156,644

IMRF/Social Security

229,384

206,962

227,449
236,928

Working Cash

248,586

200,148

200,157
196,96

TOTAL, ALL FUNDS*

$10,573,235

$9,584,880

$10,559,405
$14,418,506

Audit
2001-02*
Audit
2002-03*
Unaudited
2003-04*
Tentative Budget
2004-05*

EXPENDITURES

 

 

 

  

Education Fund

$8,442,608

$8,896,067

$9,444,918
$10,544,801

Operation & Maintenance

1,362,700

1,536,056

1,242,527
1,400,423

Bond & Interest

420,437

406,713

417,175
475,038

Transportation

115,672

126,850

124,396
144,192

IMRF/Social Security

241,672

243,903

244,922
264,160

Working Cash

90,900

-0-

-0-
-0-

TOTAL, ALL FUNDS*

$10,673,989

$11,209,589

$11,473,938
$12,828,614

Audit
2001-02*
Audit
2002-03*
Unaudited
2003-04*
Tentative Budget
2004-05*

BALANCE, JUNE 30

 

 

 

  

Education Fund

$937,253

$-(528,934)

$-(200,968)
$1,144,483

Operation & Maintenance

389,112

73,611

184,073
245,265

Bond & Interest

401,557

395,305

370,026
371,088

Transportation

141,410

141,434

73,427
85,879

IMRF/Social Security

90,490

53,549

36,076
8,844

Working Cash

1,730,767

1,930,915

689,243
886,210

TOTAL, ALL FUNDS*

$3,690,589

$2,065,880

$1,151,877
$2,741,769
*Excludes Site & Construction Fund.

Audit
2001-02*
Audit
2002-03*
Uaudited
Budget
2003-04*
Tentative Budget
2004-05*

EDUCATION FUND #1

 

 

 

  

REVENUE

 

 

 

  

Local Taxes

$6,700,263

$6,913,253

$6,958,547
$10,536,257

Prior Year Taxes, Receipts (+)

221,960

173

1,581
1,500

Prior Year Taxes, Credits (-)

-(129,171)

-(794,216)

-(171,334)
-(200,000)

Net Local Taxes

$6,793,052

$6,119,210

$6,788,794
$10,337,757

Other Local

572,716

474,085

478,576
522,432

State Sources

611,649

663,836

816,205
773,204

Federal Sources

163,215

71,197

79,140
256,859

Transfers

-0-

101,552

 

  

TOTAL REVENUE, ALL SOURCES

$8,140,632

$7,429,880

$8,162,715
$11,890,252

 

 

 

 

  

EXPENDITURES

 

 

 

  

Instruction

$5,696,280

$6,027,718

$6,394,083
$7,371,708

Support

2,369,004

2,529,641

2,673,922
2,789,240

Community Services

8,725

5,691

2,272
7,875

Transfers

368,599

333,017

374,641
375,978

Other

-0-

-0-

 -0-

  

TOTAL EXPENDITURES, ALL USES

$8,442,608

$8,896,067

$9,444,918
$10,544,801

 

 

 

 

   

EXCESS REVENUE (EXPENDITURES)

$-(301,976)

$-(1,466,187)

$-(1,282,203)
$1,345,451

TRANSFER OF INTEREST
(B & I Fund)

-0-

-0-

$68,340

  

TRANSFER, TRANSPORTATION FUND

-0-

-0-

$100,000

  

WORKING CASH ABATEMENT

-0-

-0-

1,441,829

  

FUND BALANCE,
JULY 1

$1,239,229

$937,253

$-(528,934)
$-(200,968)

 

 

 

 

  

FUND BALANCE,
JUNE 30

$937,253

$-(528,934)

$-(200,968)
$1,144,483

*Excludes State Payment Amount to TRS (ISBE Form 50-36, page 35).


 
Audit
2001-02
Audit
2002-03
Unaudited
2003-04
Tentative Budget
2004-05*

OPERATION / MAINTENANCE FUND #2

 

 

 

   

REVENUE

 

 

 

  

Local Taxes

$1,327,717

$1,346,819

$1,370,154
$1,424,815

Prior Year Taxes, Receipts (+)

40,467

32

288
300

Prior Year Taxes, Credits (-)

-(23,548)

-(144,759)

-(32,922)
-(33,000)

Net Local Taxes

1,339,636

1,202,092

$1,337,520
$1,392,115

Other Local

22,828

18,463

14,939
19,500

State School Maintenance Grant

-0-

-0-

-0-
50,000

TOTAL REVENUE, ALL SOURCES

$1,362,464

$1,220,555

$1,352,459
$1,461,615

 

 

 

 

  

EXPENDITURES

 

 

 

  

Support

$1,360,149

$1,535,229

$1,242,527
$1,399,476

Transfers

 

 

 

  

Other

2,551

827

-0-
947

TOTAL EXPENDITURES, ALL USES

$1,362,700

$1,536,056

$1,242,527
$1,400,423

 

 

 

 

  

EXCESS REVENUE (EXPENDITURES)

$-(236)

$-(315,501)

$109,932
$61,192

 

 

 

 

  

PRIOR PERIOD ADJUSTMENT

 

 

 

  

TRANSFER FROM BOND & INT.

 

 

 

  

FUND BALANCE,
JULY 1

$389,348

$389,112

$73,611
$184,073

 

 

 

 

  

FUND BALANCE,
JUNE 30

$389,112

$73,611

$184,073
$245,265

Audit
2001-02
Audit
2002-03
Unaudited
2003-04
Tentative Budget
2004-05*

BOND & INTEREST FUND #3

 

 

 

  

REVENUE

 

 

 

  

Local Taxes

$446,935

$437,725

$462,137
$475,000

Prior Year Taxes, Receipts (+)

14,007

11

 102
100

Prior Year Taxes, Credits (-)

-(8,137)

-(50,006)

 -(11,499)
-(11,500)

Net Local Taxes

$452,805

$387,730

$450,740
$463,600

State Grant

 

 

 

  

Other Local

19,902

12,731

9,496

12,500

TOTAL REVENUE,
ALL SOURCES

$472,707

$400,461

$460,236
$476,100

 

 

 

 

  

EXPENDITURES

 

 

 

  

Principal

$300,000

$300,000

$325,000
$400,000

Interest

120,437

106,713

92,175
75,038

Other

 

 

 

TOTAL EXPENDITURES, ALL USES

$420,437

$406,713

$417,175
$475,038

 

 

 

 

  

EXCESS REVENUE (EXPENDITURES)

$52,270

$-(6,252)

$43,061
$1,062

OTHER FINANCING SOURCES (1)

 

  

  

  

TRANSFER OF INTEREST (Educ.)

 

 

$68,340

  

TRANSFER TO O & M

 

 

 

  

 

 

 

 

  

FUND BALANCE,
JULY 1

$349,287

$401,557

$395,305
$370,026

 

 

 

 

  

FUND BALANCE,
JUNE 30

$401,557

$395,305

$370,026
$371,088

 

 

 

 

  
Note: 12/01/04 Principal Payment, $400,000

Final P & I Payment, $537,863, 12/01/07

 
Audit
2001-02
Audit
2002-03
Unaudited
2003-04
Tentative Budget
2004-05*

TRANSPORTATION FUND #4

 

 

 

  

REVENUE

 

 

 

  

Local Taxes

$58,866

$60,764

$61,305
$64,014

Prior Year Taxes, Receipts (+)

1,954

2

 14
15

Prior Year Taxes, Credits (-)

-(1,142)

-(7,083)

 -(1,598)
-(1,600)

Net Local Taxes

$59,678

$53,683

$59,721
$62,429

Other Local

9,131

5,080

3,681
4,215

State

50,653

68,111

92,987
90,000

TOTAL REVENUE,
ALL SOURCES

$119,462

$126,874

$156,389
$156,644

 

 

 

 

  

EXPENDITURES

 

 

 

  

Support Service

$115,672

$126,850

$124,396
$144,192

TOTAL EXPENDITURES,
ALL USES

$115,672

$126,850

$124,396
$144,192

 

 

 

 

  

EXCESS REVENUE
(EXPENDITURES)

$3,790

$24

$31,993
$12,452

 

 

 

 

  

TRANSFER
(Education Fund)

-0-

 

$100,000

  

 

 

 

 

  

FUND BALANCE,
JULY 1

$137,620

$141,410

$141,434
$73,427

 

 

 

 

  

FUND BALANCE,
JUNE 30

$141,410

$141,434

$73,427
$85,879

Audit
2001-02
Audit
2002-03
Unaudited
2003-04
Tentative Budget
2004-05

MUNICIPAL RETIREMENT / S.S. FUND #5

 

 

 

  

REVENUE

 

 

 

  

Local Taxes

$222,566

$230,120

$231,521
$241,328

Prior Year Taxes, Receipts (+)

7,162

6

52
50

Prior Year Taxes, Credits (-)

-(4,201)

-(26,246)

-(5,658)
-(5,650)

Net Local Taxes

$225,527

$203,880

$225,915
$235,728

Other Local

3,857

3,082

1,534
1,200

 TOTAL REVENUE,
ALL SOURCES

$229,384

$206,962

$227,449
$236,928

 

 

 

 

  

EXPENDITURES

 

 

 

  

Instruction

$88,531

$90,262

$97,244
$113,853

Support

151,085

153,275

147,404
149,518

Other

2,056

366

274
789

TOTAL EXPENDITURES,
ALL USES

$241,672

$243,903

$244,922
$264,160

 

 

 

 

  

EXCESS REVENUE
(EXPENDITURES)

$-(12,288)

$-(36,941)

$-(17,473)
$-(27,232)

 

 

 

 

   

WORKING CASH TRANSFER

$90,900

 

 

  

 

 

 

 

  

FUND BALANCE,
JULY 1

$11,878

$90,490

$53,549
$36,076

 

 

 

 

  

FUND BALANCE,
JUNE 30

$90,490

$53,549

$36,076
$8,844

 

 

 

 

  

 
Audit
2001-02
Audit
2002-03
Unaudited
2003-04
Tentative Budget
2004-05

SITE & CONSTRUCTION / CAPITAL IMPROVEMENT FUND #6

 

 

 

  

REVENUE

 

 

 

  

Principal on Bonds Sold

 

 

 

  

Other Local

$21,928

$-(806)

$9
-0-

TOTAL REVENUE,
ALL SOURCES

$21,928

$-(806)

$9
-0-

 

 

 

 

  

EXPENDITURES

 

 

 

  

Construction Services

$989,308

$86,120

$521
-0-

Other Support Services

 

 

 

  

TOTAL EXPENDITURES,
ALL USES

$989,308

$86,120

$521
-0-

 

 

 

 

  

EXCESS REVENUES
(EXPENDITURES)

$-(967,380)

$-(86,926)

$-(521)
-0-

TRANSFER OF INTEREST

 

 

 9
-0-

FUND BALANCE,
JULY 1

$1,054,827

$87,447

$521
-0-

 

 

 

 

  

FUND BALANCE,
JUNE 30

$87,447

$521

-0-
-0-

 
Audit
2001-02
Audit
2002-03
Unaudited
2003-04
Tentative Budget
2004-05

WORKING CASH FUND #7

 

 

 

  

REVENUE

 

 

 

  

Local Taxes

$160,149

$165,744

$166,784
$173,667

Prior Year Taxes, Receipts (+)

5,407

4

 38
50

Prior Year Taxes, Credits (-)

-(3,142)

-(19,269)

 -(4,385)
-(4,250)

Net Local Taxes

$162,414

$146,479

$162,437
$169,467

Other Local

86,172

53,669

37,720
27,500

TOTAL REVENUE,
ALL SOURCES

$248,586

$200,148

$200,157
$196,967

 

 

 

 

  

EXPENDITURES

 

 

 

  

Transfer

$90,900

-0-

$1,441,829
-0-

TOTAL EXPENDITURES,
ALL USES

$90,900

-0-

$1,441,829
-0-

 

 

 

 

  

EXCESS REVENUES (EXPENDITURES)

$157,686

$200,148

$-(1,241,672)
$196,967

 

 

 

  

  

WORKING CASH ABATEMENT

 

 

 

  

FUND BALANCE,
JULY 1

$1,573,081

$1,730,767

$1,930,915
$689,243

 

 

 

 

  

FUND BALANCE,
JUNE 30

$1,730,767

$1,930,915

$689,243
$886,210

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