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U‑46 reports unaudited July‑August deficit tied to delayed Cook County tax receipts and capital outlays
Summary
Executive director of financial services Robin Cornelison presented unaudited July and August 2025 financials showing a year‑to‑date deficit driven by delayed Cook County property tax receipts and planned capital outlays for Unite U‑46 projects; the district reported $804.6 million unaudited fund balance and 309 days cash on hand.
Robin Cornelison, executive director of financial services, presented the district's unaudited July and August 2025 financial statements and explained timing and accounting issues that produced a year‑to‑date deficit in the statements.
Cornelison said the statements are unaudited and reflected the tentative FY26 budget because the final budget had not been adopted at the time the reports were prepared. She said the district posted a $71,600,000 year‑to‑date deficit through August but that this was attributable to higher capital outlays for Unite U‑46 projects…
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