Addison district presents near‑balanced FY2026 budget; capital projects drive all‑funds deficit

Staff member (Presenter) presented the Addison School District's proposed fiscal year 2026 budget during a public hearing, saying the operating funds are “pretty close to a balanced budget” but that all funds show a deficit because of planned capital projects. The presenter also said the next step is approval and submission to the Illinois State Board of Education and the Regional Office of Education.

The nut graf: The district reported an estimated $61.8 million in revenue for FY2026, down about 2% from the prior year, with 67% of revenue projected from local sources, 28% from the state and 7% from federal sources. That shift reflects roughly $400,000 in lost federal grant funding and smaller transportation revenues after reduced bus routes; capital projects planned for this and next summer account for an expected all‑funds deficit.

In the body: The presenter summarized revenue and expenditure categories, saying FY2026 unaudited revenue is projected at about $61,800,000 compared with about $63,000,000 in FY2025. The presenter said, “We had 9% federal last year, but it has changed because we are losing about $400,000 in grants this year.” The presenter described expenditures across eight categories, with salaries and benefits comprising about 62% of total expenditures and purchased services about 18%. Capital equipment and construction projects were described as about 9%.

The presenter said capital projects funded this year total about $8,000,000 (work spanning this summer and part of next summer), with next summer's construction projects estimated at a little under $4,000,000. The presenter added the district transfers money each year into the capital projects fund and reported an unaudited reserve of about $39,000,000 from 2025; the tentative fund balance for 2026 was reported as $34,600,000, approximately 52% of the regular budget. The presenter noted the district's new fund balance policy sets a floor at 45%.

The staff member described program and revenue uncertainties: Title funding is roughly $200,000 lower than last year; IDEA flow‑through preschool funding is about $200,000 lower; and Medicaid reimbursement amounts were “still not sure” because the district had not yet received those numbers. The presenter said any Medicaid receipts would be recorded in revenues and expenditures and that, if received, those funds would go into the operations and maintenance fund.

The presenter invited questions and said staff would notify board members by email if new information—such as Medicaid figures—arrives before final action. No formal motion or vote on the budget appears in the provided transcript.

Ending: The presenter stated the next procedural step is approval and submission to the Illinois State Board of Education and the Regional Office of Education; the transcript does not include a recorded vote or final adoption within the provided excerpt.