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Auditor: Hazel Crest SD 152-5 ends year with $31.3M fund balance, $2.5M projected deficit
Summary
An auditor told the board that Hazel Crest SD 152-5 has $31.3 million in fund balances but expects a $2.5 million deficit at year end, largely driven by capital outlay for construction. Trustees heard the presentation and continued routine approvals.
Kyle Kasperek of the district's auditing firm presented the fiscal-year 2025 audit and told trustees the district's fund balance totaled $31.3 million, including about $17 million in bonds and roughly $12 million in operating funds. He said the district is "on track to end the year with a $2.5 million deficit, primarily due to capital outlay for construction."
The presentation was given during the board's regular meeting March 16. Trustees did not take a separate action on the audit itself during the meeting; the financial figures were used as context for the consent agenda and upcoming financial reporting the superintendent will bring to the next meeting.
