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Minooka CHSD 111 presents FY26 budget; district reports 105% fund-balance and ISBE "Recognition" score
Summary
At a Sept. 17 budget hearing, Assistant Superintendent John Troy presented Minooka CHSD 111's proposed FY26 budget, reporting a 105% fund-balance-to-revenue ratio, an ISBE "Recognition" score of 3.9/4.0, and expected levy increases; there were no public comments and the hearing adjourned at 6:10 p.m.
The Minooka Community High School District #111 board held a budget hearing Wednesday evening where Assistant Superintendent John Troy presented the proposed fiscal year 2025–26 budget and compliance metrics, and the hearing was adjourned after no public comment.
Assistant Superintendent John Troy told the board the district had published at least 30 days' notice and must adopt an annual budget by Sept. 30 under the Illinois School Code. He reported that the district received a 3.9 out of 4.0 score — the ISBE "Recognition" rating — on the Illinois State Board of Education financial profile.
Troy said the district's fund-balance-to-revenue ratio is 105 percent, a result the presentation described as an "excellent" rating under Board Policy 4:20. He noted that the Working Cash Fund balance includes proceeds from bonds; excluding those proceeds, the district's ratio would be about 60 percent, which the presentation said remains in compliance with the board's policy.
The presentation flagged a new Illinois School Code requirement for an operational fund-balance-to-expense calculation. Troy reported the district's combined Operations Fund Balance to the three‑year average of Operations fund expense ratio is 0.67, which he said means no written fund-balance reduction report must be filed with ISBE.
Troy also reviewed planned transfers, and explained that the Education Fund now includes approximately $10 million in on-behalf pension payments that are recorded as both revenue and expense and therefore net to zero in the budget presentation. He said levy revenues are estimated to increase about 6 percent in Kendall and Grundy counties and about 10 percent in Will County because of rising valuations. Estimated fund balances for June 30, 2026, were provided in the packet and were described as compliant with Board Policy 4:20 after this budget cycle.
There were no comments from the public during the hearing. Mike Hoyt moved to adjourn the hearing and Terry Spivey seconded; with no objections, the motion was approved and the hearing ended at 6:10 p.m.
The board packet and monthly fund-balance disclosures were noted as available online per the district's disclosures.
