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Indian Prairie presents amended budget to show referendum-funded capital work, schedules public hearing
Summary
District staff presented an amended 2024–25 budget showing the capital impact of the November 2024 referendum, including a jump in planned capital expenditures from $13 million to $26 million and a schedule of bond issuances and multi-year projects; the board scheduled a public hearing for Feb. 24.
Matt Shipley, a district business office staff member, told the Indian Prairie CUSD 204 Board of Education on Jan. 13 that the administration recommends pursuing an amended budget for fiscal year 2024–25 to reflect the district's successful November 2024 capital referendum.
The amended budget presentation shows the capital projects fund increasing projected expenditures for the current year from about $13 million to $26 million, including roughly $7 million already completed and nearly $19 million budgeted for spring and summer work, and anticipates revenue from bond issuances of about $15 million that will be deposited in the capital projects fund.
Why it matters: The amended budget traces how the referendum will be implemented and how bond proceeds and repayments will be recorded. Shipley said the presentation is intended to provide “additional transparency and accountability after our successful referendum” and to integrate referendum spending into the district’s…
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