District finance staff told the Committee of the Whole on Sept. 22 that a journal entry had been posted to a salary account in error, inflating reported August salary spending in the presentation. Finance lead Mr. Shepherd said the slide incorrectly showed roughly $2.6 million charged to salaries for August; the correct figure, he said, should be about $290,000 because the roughly $1.9 million journal entry was intended for capital construction costs and was misposted to salaries.

Shepherd said the mistake affected a cash-flow projection that, with the error still included, showed a projected monthly deficit of about $604,000; he said correcting the entry would materially change that slide. Shepherd told the board staff will reissue corrected graphics in next week’s packet.

On revenues and funds he said property-tax receipts were “coming in strong,” the Education Beyond Funding (EBF) allocation had been received, and transportation funding typically arrives later in the fall; the presentation’s transportation fund deficit was inflated by a debt-service journal convention (the bus lease is journaled to debt service but initially charged to transportation). He warned the slide assumed full spending of a $300,000 contracted-services line for transportation, and actual spending to date was lower.

Shepherd also highlighted ongoing capital activity: the district issued roughly $1.3 million in construction payments and earned about $48,000 in interest; staff said available capital balances would fund projects into the next summer. He said facility-sales-tax language discussed with regional managers could, if voters approved a countywide facility sales tax, yield an estimated $1.5 million annually for capital work; he framed that as a future revenue option rather than a current source.

Board members asked clarifying questions about counties’ tax-bill timing and about presentation highlights; Shepherd confirmed McHenry and Lake counties had not delayed tax bill releases and that corrected materials would be provided. Shepherd recommended moving the routine bills and minutes to the consent agenda and committed to updated slides for the public board packet next week.

No formal action beyond consent placement and requests for corrected reports was taken on Sept. 22.