Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Jacksonville SD 117 treasurer reports $2.77M drop in operating funds; sales tax up $45,832
Summary
CFO Rick Cunningham and Superintendent Steve Ptacek told the board the district is roughly $2.77 million down year-over-year across operating funds, with the district 58% through the budget year; sales tax receipts were up $45,832.64 for the month.
At the Feb. 18 board meeting, Chief Financial Officer Rick Cunningham and Superintendent Steve Ptacek told trustees that several revenue streams are lagging and the district's operating funds are down about $2,773,579.47 from this time last year.
The meeting packet lists Fund 10 (Education) at $36,768,809.75 for FY2026, down $2,862,923.15 from FY2025; Fund 20 (Operations & Maintenance) at $4,438,738.11 (down $147,692.08); Fund 40 (Transportation) at $3,480,025.67 (up $25,853.49); Fund 70 (Working Cash) at $3,356,658.43 (up $211,182.27); and a total operating balance of $48,044,231.96 compared with $50,817,811.43 last year. Mr. Cunningham explained the decline as tied to CPPRT timing, property tax paybacks and slower federal receipts.
Ptacek told the board the district is 58% of the way through the budget year and said districts statewide are facing similar pressure. On a brighter note, the sales tax tracker was up $45,832.64 this month; when asked whether the sales tax has a sunset, Ptacek responded, 'No; unless the community was to vote away with it.'
