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Business manager: FY25 showed a modest operating deficit; property tax timing a cashflow concern
Summary
Business Office Manager Mike Pustelnik told the board that FY25 closed with a modest operating deficit and that the district relies heavily on property tax levy receipts (72% of revenue); delayed Cook County tax bills could push receipts into mid-November and require temporary fund moves.
During his presentation on Sept. 16, 2025, Business Office Manager Mike Pustelnik said FY25 revenues totaled $11,044,282.07 versus budgeted $11,077,101.01, while expenditures totaled $11,361,795.42 versus budgeted $11,259,410.75 "resulting in a modest operating deficit." He told trustees that the property tax levy provided $8,394,723.18 (72%) of FY25 revenue, while CPPRT, state and federal sources, grants and interest comprised the remainder.
Pustelnik also warned the board that Cook County property tax bills were not yet mailed and are expected Oct. 1; if tax receipts arrive later than usual (mid-November), the district may need to move funds between accounts, a step that would require subsequent board approval. He said the district will monitor CPPRT trends and other variable revenues as part of planning.
