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District 155 reports $75.8 million year‑end fund balance; board approves $12.9 million in bills and opens budget notice
Summary
Assistant Superintendent of Finance and Operations Kevin Ward reported the district closed the fiscal year with $75,800,000 in fund balances and $3,900,000 in investment income, and the board approved $12,900,000 in bills and a budget notice required by the Illinois School Code.
Assistant Superintendent of Finance and Operations Kevin Ward told the District 155 Board of Education the district closed the fiscal year with fund balances of $75,800,000 and that the district’s investment portfolio “earned $3,900,000 this past year.” He also said the district’s property, casualty and workers’ compensation premiums rose only about 1.7% compared with pool increases up to 15%, crediting the district’s loss‑control efforts for roughly $65,000 in savings.
Ward said overall revenues came in at 100% of budget and expenditures were 97% of budget, which he described as…
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