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District 97 presents tentative budget showing $4.9 million non-capital surplus; board told cushion may shrink
Summary
Consultant Rob Grossi and incoming CFO Dr. Crystal Leroy presented a tentative 2025–26 budget projecting a $4.9 million non-capital surplus and fund balances near a 155-day target. Board members discussed slowing revenue growth, CPI limits in Cook County, new-property estimates and the district's 3–6 month fund-balance policy.
Oak Park Elementary School District 97 officials presented a tentative budget and unaudited fiscal-year results at the Aug. 12 board meeting, reporting a stronger-than-expected year-end cash position and a projected non-capital surplus for 2025–26.
Rob Grossi, a consultant who regularly works with the board, said preliminary cash-basis results show the district started the fiscal year with about $44.2 million, received roughly $129.7 million in revenues, spent about $122.1 million and closed the year with about $51.8 million in the bank. Grossi said the district increased its fund balance by approximately $7.6 million and invested a little over $2 million in capital projects.
Grossi said the tentative budget projects total revenues and expenditures for the coming year that result in a $4.9 million non-capital surplus; $4…
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