Central CUSD 301 board gets detailed finance briefing ahead of $90 million budget adoption

Dana, a district staff member who led the finance presentation, told the board on Nov. 7 that the district will present a proposed FY26 budget of about $90,000,000 for adoption this fall and that auditors will review finances at a July 21 session.

"We have 8 funds that we use within our budget," Dana said, summarizing the district's account structure and how revenues and expenditures are restricted or permitted among those funds. She described Fund 10 as the education fund (salaries, instructional services, TRS‑eligible benefits), Fund 20 for operations and maintenance (custodial, utilities, grounds), Fund 30 for debt service (bond principal and interest), Fund 40 for transportation, Fund 50 for IMRF and Social Security, Fund 60 for capital projects (fed by impact fees), Fund 70 for working cash and Fund 80 for tort/insurance costs.

The presenter said local property taxes are the district's largest revenue source. Based on the slide she showed, roughly 77% of revenues…