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Jacksonville SD 117 board flags budget impact after 50% PPRT drop and lower sales tax
Summary
District administrators told the board the fund tracker shows an increased drop, sales tax income from December fell $16,920.08 year‑over‑year and PPRT decreased 50%, which they said will affect next year's budgeting and require follow up with the State.
CFO Rick Cunningham and Superintendent Steve Ptacek told the Jacksonville School District #117 board on March 19 that district operating funds remain positive on paper but that recent revenue shifts will affect next year's budget.
Cunningham reported operating fund balances totaling $47,808,477.49 (Fund 10 Education $37,182,275.11; Fund 20 O&M $4,226,907.93; Fund 40 Transportation $3,248,951.48; Fund 70 Working Cash $3,150,342.97). Superintendent Ptacek said the fund tracker is showing "its usual drop but this month is showing an increased drop and they are looking to see what funds have not come in. This drop is going to impact how they budget for next year." He also reported sales tax income from last December was down $16,920.08 from the prior year and that PPRT (Personal Property Replacement Tax) decreased by 50%; district staff said they have reached out to the State for clarification on timing and amounts of any payback related to overpayments.
