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Lincoln Way projects balanced budgets, flags capital funding as primary constraint
Summary
District presenters told the Lincoln Way CHSD 210 board the five-year financial forecast projects balanced operating budgets and an average annual surplus near $1.3 million, with a projected FY2030 operating fund balance just over $46.5 million (about 33.5% of expenditures); capital funding needs remain the primary constraint.
Dr. Dubek, who presented the district's five-year financial forecast, told the Board of Education on Oct. 17 that the district expects balanced operating budgets each year and an average five-year operating surplus of about $1.3 million.
"By fiscal year 2030, our operating fund balance is projected to increase $7,000,000," Dr. Dubek said during the presentation, and later projected the district would close FY2030 at "just over $46,500,000 and be at 33.5% fund balance." He said those fund balances must rise to remain at or above the board's policy target of roughly 33% of expenditures.
The forecast uses the FY25 operating…
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