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Jacksonville SD 117 reports $51.8M in operating funds at midyear; property taxes driving increase
Summary
CFO Rick Cunningham told the board the district is roughly halfway through the fiscal year and reported combined operating fund balances of $51,773,068.87, an increase largely attributed to property tax receipts, the board heard Jan. 15.
Chief Financial Officer Rick Cunningham reported to the board that, at midyear, the district’s operating funds totaled $51,773,068.87, with the Education Fund (Fund 10) holding $40,277,523.46. "The increase seen in the reports is due to the property tax revenue," Superintendent Steve Ptacek confirmed during the discussion.
Cunningham framed the district’s position as being about 50% through the budget year; the board also reviewed separate fund balances for operations and transportation and a working cash fund. The transcript records Fund 20 (O & M) at $4,899,169.98, Fund 40 (Transportation) at $3,456,358.68, and Fund 70 (Working Cash) at $3,140,016.75.
Board members did not debate or amend the financial reports during the meeting; the reports were included in the consent agenda approved by unanimous vote. The district did not present a sales-tax report at the meeting, and Superintendent Ptacek reported the PPRT (Personal Property Replacement Tax) percentage rose to 72%.
The board will continue to monitor revenue sources and the development of Vision 117 Phase IV, which relates to facility planning and potential capital needs.
