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Board approves $5.52M in invoices; treasurer reports $48.2M cash balance for April
Summary
Trustees approved invoices totaling $5,517,346, discussed a $1.28 million life-safety equipment delivery recorded to date, and received the treasurer's April report showing $3.6M revenue, $9.5M expenses and $48.2M in cash on hand; all votes recorded unanimous.
The Lincoln Way CHSD 210 Board of Education on May 21 approved invoices totaling $5,517,346 and accepted the treasurer's report for April 2026.
Board members reviewed packet details and asked whether a $1.28 million charge for Thermos Systems Inc. reflected equipment only or included installation costs; district staff responded that the figure represented equipment delivered to date and that life-safety fund (Fund 90) reports are available to show full accounting. The board heard that equipment deliveries and contractor billings may shift capital spending between fiscal years.
The treasurer reported April revenues of $3.6 million and expenses of $9.5 million, with a district cash balance of $48.2 million on April 30. Year-to-date, the district had received 57.8% of budgeted operating revenues and recorded 78.0% of anticipated operating spending through April 30; staff noted timing risk associated with property tax receipts and categorical payments from the Illinois comptroller that could affect FY27 closing assumptions.
Trustees also approved other routine items including the student activities report and a workers' compensation renewal for fiscal 2026 at $443,056; the workers' comp premium was reported as a 3.4% decrease from the prior year after payroll adjustments.
