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Lincoln Way 210 amends FY25 budget to book life‑safety bond proceeds, readies preliminary FY26 budget
Summary
Board approved an amended fiscal‑year 2025 budget that records proceeds from life‑safety bonds and a debt certificate for buses, reopens the district's Fund 90 for tracking life‑safety work, and placed a preliminary FY26 budget on display for public review.
The Lincoln Way Community High School District 210 Board of Education voted unanimously May 20 to adopt a tentative amendment to the fiscal year 2025 budget that books proceeds from recent life‑safety bond sales and a debt certificate to purchase school buses and to place a preliminary fiscal year 2026 budget on display. The board also reestablished Fund 90, the district's life‑safety fund, to record project receipts and expenses.
The change was presented by a district finance staff member, who said the amended FY25 budget shows $121,745,000 in revenue and $120,145,000 in expenses and reflects both the bond proceeds and the debt certificate for buses. “The money is in hand, well it will be as of June 2,” the finance staff member said when explaining timing for recording proceeds. The staff member noted capital outlay expense appears up substantially because the district will pay for 50% of the buses now and the remaining share after July 1.
Board members were told the life‑safety bond proceeds for Central and East will be tracked separately in Fund 90 to make clear the costs for architectural, engineering and construction-related expenses. The presentation said the bond proceeds recorded for Fund 90 total $30,420,000 in the amended FY25 budget. The district will also transfer funds from operating to capital projects ($4,500,000 shown in the packet) consistent with the board's regular practice.
The finance staff member described ongoing budget pressures in transportation and other areas, estimating District 843 transportation costs are running materially higher than planned and that the office is revising the forecast; staff said they currently anticipate a fund balance near 32–34 percent while taking a conservative approach to FY26 assumptions. The presentation also noted uncertainties including final state and federal grant allocations and evidence‑based funding amounts, which were held flat in the preliminary FY26 figures.
By vote, the board approved placing the amended FY25 budget on display and directed staff to return a final amended budget for formal adoption in June and a final FY26 budget for display and eventual adoption in September under the adjusted timeline. The action was recorded as unanimous.
