Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Finance topic
No spam. Unsubscribe anytime.
Mokena SD 159 finance committee reviews five‑year operating projections showing declining fund balances
Summary
Dr. Teri Shaw presented five‑year operating projections for funds 10, 20, 40, 50, 70 and 80 showing projected fund balances falling from $12.37M in FY2027 to $8.28M in FY2031; revenue and expense forecasts for FY2027–FY2031 were also presented.
Dr. Teri Shaw, speaking to the Mokena School District 159 Finance Committee on March 23, presented an overview of the district’s five‑year operating projections across the district’s primary operating funds (10, 20, 40, 50, 70 and 80). The presentation included projected fund balances for FY2027–FY2031, aggregate revenue and aggregate expense forecasts and highlighted a multi‑year decline in available operating funds.
Shaw listed the projected fund balances and associated revenue/expense estimates for each year. "FY 2027 - $12,372,417," she reported for projected funds, followed by declining balances through FY2031. The projections also showed aggregate revenue climbing modestly from $26,851,323 in FY2027 to $29,330,297 in FY2031 while aggregate expenses rise faster, producing tighter margins in later years. The projections will inform upcoming budget discussions and board decisions on reserves and priorities.
