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Jacksonville SD 117 reports $409,079 increase in fund balance as FY25 closes
Summary
At its July 16 meeting the Jacksonville School District #117 board heard financial reports showing a $409,079.15 year‑over‑year increase in fund balance and discussed revenue trackers including a March sales tax bump and lower PPRT receipts.
The Jacksonville School District #117 board on July 16 received financial reports showing the district ended fiscal year 2025 with $409,079.15 more in fund balance than the prior year.
Rick Cunningham, chief financial officer, presented the figures and told the board the district is "100% through its budget year." He reported key fund balances: Education Fund (Fund 10) $31,407,621.48; Operations & Maintenance (Fund 20) $3,260,774.73; Transportation (Fund 40) $2,986,390.89; and Working Cash (Fund 70) $3,171,214.65.
Superintendent Steve Ptacek briefed the board on revenue trackers. He said sales tax receipts showed a March increase of $51,625.59 but expressed concern that Personal Property Replacement Tax (PPRT) receipts were $204,295 below this time last year and that he was unsure how the state's PPRT report is being calculated. No budget adjustments were adopted at the meeting; the board scheduled a special budget presentation for Aug. 13.
The finance report was part of the meeting's consent agenda and was accepted by unanimous vote.
