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Berkeley SD 87 board reviews fund balances, authorizes budget work and approves insurance and utility authorizations
Summary
Finance staff presented fund-balance analysis referencing Public Act 103.0394; the board authorized preparation of the 2026–27 tentative budget, authorized offering student accident insurance, approved authorization to lock utility rates between meetings, and carried routine motions including minutes and personnel approvals.
Finance staff presented an executive summary of the district’s fund balances, explaining classifications, legal restrictions and the calculation method. Staff noted Public Act 103.0394 requires districts to evaluate reserve levels and said the district does not exceed the threshold that would require a reserve reduction plan. Presenters cited a recent Cook County tax distribution delay and said having a strategic reserve (about 103% on their internal display) helped the district meet payroll during the delay.
The board approved a series of…
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