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Round Lake board reviews FY26 shortfall, FY27 draft shows $2.6M revenue increase as capital funds near depletion
Summary
Board reviewed initial FY26 and FY27 draft budgets April 6; administrators projected a FY26 revenue shortfall of roughly $222,000, flagged rising capital costs (baseball/softball project) and presented a FY27 draft that relies on levy and state funding increases, prompting questions about facility funding and contingency plans.
Board President Francisco presided over the April 6 meeting of the Round Lake Area Board of Education as finance staff presented initial draft budgets for fiscal years 2026 and 2027 and discussed capital-project funding and operating assumptions.
The board heard that the FY26 draft currently projects a year-end revenue shortfall of about $222,000, driven primarily by lower-than-expected earnings on investments, while overall operating revenue is forecast to increase by roughly $78,000 compared with the adopted budget. "We will likely end the year with a shortfall in revenue of about 222,000," the treasurer told the board as she reviewed the draft figures.
Administrators also highlighted…
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