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Mokena SD 159 board approves display of FY25 tentative budget, schedules Sept. 18 budget hearing
Summary
The board approved the FY25 tentative budget, directed administration to display it for public viewing, and scheduled the Budget Hearing for Sept. 18, 2024 at 7:00 p.m. Dr. Teri Shaw said the district's fund balance target is 33%–65% of operating expenditures.
The Mokena School District 159 Board of Education voted unanimously on Aug. 14 to approve the tentative FY25 budget and to display the documents for public viewing ahead of a budget hearing scheduled for Sept. 18, 2024 at 7:00 p.m. in the District Board Room. Anna Briscoe moved the motion and Lisa Zielinski seconded; the motion carried by roll call vote, 7‑0‑0.
Dr. Teri Shaw, the district Chief School Business Official, reviewed the FY25 budget timeline and financial projections, stating, "The fund balance target is no less than 33% to 65% of the annual expenditures in the operating funds." She also noted a reported EBF increase of $27,931 and an Elevating Educators special education grant for $105,000; five‑year projections showed fund balances between 33% and 65% and unaudited balances higher than budgeted.
