The District 207 Board of Education approved the district's final budget for fiscal year 2025'26 and directed administrators to file the document with the Illinois State Board of Education by the end of the month in compliance with state requirements. The approval came after a finance committee update showing a year-end surplus reduction and briefing on timing risks related to county tax collections.

The finance committee reported the surplus fell slightly from about $14.3 million to $14,024,005.91 after late-added expenses, and the board approved the final budget as the formal action item. The district's finance staff said roughly 80% of the district's revenue comes from property taxes and that Cook County has not provided a projected date for issuance of tax bills this year, creating a cash-flow timing risk. The district said its fund-balance policy is intended to bridge such timing differences until taxes are collected.

Board members also approved routine travel expenditures and a graduation services contract. The travel allocation is budgeted at $15,000 for the board and a maximum of $425,000 for the district. The commencement contract for next year reflects a roughly 5% increase over last year, for a total contract price of $70,350, the administration said.

During discussion, staff reiterated that the tax timing issue is a timing mismatch only: when Cook County issues and remits bills, the district expects to collect the full budgeted amount. The district's monthly financial statements show summer-project funds (health/life safety, operations and maintenance, capital projects) with higher year-to-date expenditures because of the seasonal nature of that work.

The action was taken by roll call; members recorded as voting aye included Eiger, Forsterling, Hartwig, Heiney and Yusuf Abramson.