Site & Finance committee: five‑year forecast shows strong fund balance but administrators to advance K–12 technology fee recommendation and approve device and R

At a Feb. 19 Site & Finance meeting, Plainfield SD 202 financial and operations staff presented a five‑year budget forecast, described the district’s fund‑balance strategy and secured committee approval for vendor agreements tied to a major Chromebook replacement and related deployment services.

Forecast and fund balance Finance staff presented a multi‑year projection that showed the district’s unaudited FY‑24 ending fund balance above the upper policy target (50% of expenditures) but explained that, after subtracting board‑designated restrictions (tier funding set‑asides, restricted medical self‑insurance reserves, lease certificates and other restricted balances), the operating fund balance falls within the district’s policy range (30%–50%). The CFO explained the board’s two‑phase fund‑balance strategy adopted in October: Phase 1 (fiscal discipline and scenario building) and Phase 2 (levy abatement/strategy) and noted no immediate corrective action was required because restricted items account…