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District reports FY2025 operating surplus despite health‑insurance pressure; auditors praise finance team
Summary
The FY2025 audit showed an operating surplus of roughly $1.14 million driven by favorable salary variances and unbudgeted revenues; board and auditor highlighted grants (Illinois EPA electric‑bus funding, ComEd rebate) and warned about recurring health‑insurance deficits.
Huntley Community School District 158’s finance team told the board on Nov. 13 that the FY2025 audit shows an operating surplus of about $1,140,000 despite an unfavorable health‑insurance trend.
Finance staff said salary vacancies and unbudgeted revenues (including solar array tax credits and a ComEd rebate) contributed to favorable variances that offset an approximately $1.3–$1.4 million health‑insurance…
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