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Berwyn South details budget assumptions, education center work; board renews food service and approves Emerson asbestos abatement
Summary
District finance staff reported a $72.3 million bank balance, outlined FY25/FY26 budget assumptions and noted an August Cook County tax delay. The board approved a food service renewal with Organic Life and authorized asbestos abatement at Emerson Elementary.
District finance staff told the Berwyn South SD 100 board the district’s bank balance stood at about $72.3 million and walked trustees through amended FY25 numbers and FY26 draft assumptions during the May meeting.
Finance staff reported month-to-date revenue for May of about $3.3 million and April revenue of about $4.5 million, with year-to-date revenue near $59.1 million and year-to-date expenses around $52.3 million. The district described current budget assumptions including a levy cap tied to the consumer price index (CPI) at 2.9 percent, a projected 9 percent increase in benefits, and likely reductions in federal and state grants as COVID-era funding ends.
The finance…
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