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Palos CCSD 118 audit shows $2.18 million surplus; board adopts policy updates and approves consent agenda as committee backs special-education expansion
Summary
The Palos CCSD 118 Board of Education on Feb. 12 heard an auditor's report showing a $2,180,000 surplus for fiscal year 2024 and approved updated board policies and a consent agenda that included approval of the student-fee schedule with no increase.
The Palos CCSD 118 Board of Education on Feb. 12 heard an auditor's report showing a $2,180,000 surplus for fiscal year 2024 and approved several routine items on the consent agenda while approving updated board policies on second reading.
The audit and budget context mattered because the surplus was attributed to a debt-service levy abatement, information the board received as it considered program expansions and next year's fee schedule.
Kevin Bissell, lead auditor with Cherry Baker Baker LLC, presented the district's fiscal-year 2024 audit findings, reporting a $2,180,000 surplus and linking the surplus to a debt-service levy abatement. The finance and facility committee reviewed the audit as part of its report to the full board.
The finance and facility committee recommended approving a multi-year plan to expand the district's functional…
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