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Finance report: Berwyn South SD 100 presents tentative amended FY26 budget, notes $2.5M in bonds sold and recommends contract renewal
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Summary
Finance reported district cash balances and revenues, a $2.5 million bond sale for capital projects reflected in Fund 60, a tentative amended FY26 budget to be displayed for 30 days per Illinois code, and a recommended year-2 renewal of Organic Life’s four-year food services contract.
Jenny, the district finance representative, presented the finance report and a tentative amended FY26 budget at the Berwyn South SD 100 board meeting, reporting balances, revenue and recent bond activity.
Jenny said the district’s bank balance is $35,900,000, investments total $33,000,000, month-to-date revenue is $12,000,000 and cash flow above revenue for March was $6,600,000; overall cash was described as $45,000,000. She reported March expenses of $5,700,000 and year-to-date expenses of $52,800,000. "We did start to receive the second installment of the taxes coming in," Jenny said.
The finance report noted that bonds totaling $2,500,000 were sold in the first semester for capital projects; that amount was added to Fund 60 in the tentative amended budget. The tentative amended FY26 budget will be on display at the district office for 30 days per Illinois code and will be finalized for submission to the state by June 30.
Jenny also recommended approving year 2 of a four-year renewal contract with Organic Life as the district’s food services vendor, describing consistent service and low waste; she said custodial staff reported less food waste and positive feedback from administrators.
The board agreed to place the tentative amended budget on display as required; final budget approval is scheduled for the June meeting.
