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Jacksonville SD 117 finance report shows $50.7 million in operating funds; sales tax uptick noted
Summary
Chief Financial Officer Rick Cunningham reported operating fund balances totaling $50,668,544.16 and said the district is 41% through the budget year; Superintendent Ptacek reported a sales tax increase to be used toward a bond down payment while PPRT fell $153,642.41.
Chief Financial Officer Rick Cunningham told the board the district is "41% of the way through the budget year" and presented operating fund balances totaling $50,668,544.16 for FY2025, an increase of $3,148,495.69 from FY2024. Line-item balances included Education Fund 10 at $39,348,799.62, O&M Fund 20 at $4,748,292.07, Transportation Fund 40 at $3,456,432.21, and Working Cash Fund 70 at $3,115,020.25.
Superintendent Steve Ptacek reported a year-over-year decrease in total funds but highlighted an increase in sales tax receipts and a projected use of that revenue as a down payment on a planned bond sale. He also reported a PPRT (Personal Property Replacement Tax) decrease of $153,642.41. The board discussed using updated projections in FY26 budgeting and bond planning.
