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Carlinville board hears mid‑year financial forecast showing a multi‑year shortfall
Summary
Business office presenter Heather DeNeve reported Dec. 2025 revenues of $12,555,898 and expenditures of $14,171,446 (a $1,615,548 deficit) and presented longer‑range projections showing reduced fund months by FY2031 unless changes are made.
Business office presenter Heather DeNeve reviewed the district's mid‑year financial position and multi‑year forecast, reporting that as of December 2025 the district's all‑fund revenues were $12,555,898 and expenditures were $14,171,446, yielding a year‑to‑date deficit of $1,615,548. She presented projected FY2026 figures of $19,452,648 in revenues and $24,254,640 in expenditures and cautioned that long‑range projections to FY2031 could reduce available reserve months to roughly 3.40 if current staffing and spending patterns continue.
DeNeve said the district has used federal stimulus reserves in prior years to offset near‑term shortfalls and noted that some funds are restricted by state law and cannot be repurposed. "Obviously this is just a projection. We have time to review and make some decisions and see how they play out over the next few years," she said. The board received the report for discussion; no budgetary action was taken at the meeting.
