Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Urbana SD 116 previews tentative FY25 budget showing roughly $2.0M shortfall; board approves consent items and insurance renewal
Summary
The district presented a conservative tentative budget with an estimated $2,025,000 deficit pending final tax receipts, discussed one-time energy incentive proceeds and CARL refund liabilities, and the board approved routine consent items, insurance renewal and an auditor addendum.
The Urbana School District 116 Board of Education reviewed a tentative fiscal-year 2025 budget at its regular meeting and approved several routine action items, including the consent agenda, the district's insurance renewal and an addendum to the auditor contract to accommodate grant reporting.
Finance officer Carol told the board the tentative budget is conservative because the current fiscal year has not closed and some revenues (notably property-tax receipts) are still being posted. She said the district is budgeting for a deficit at this stage: "we are estimating a deficit right now of about…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
