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Budget guidelines approved for 2019-20 fiscal year

At its Feb. 13 meeting, the Board of Education approved the 2019-20 Budget Guidelines to be used in the preparation of next year’s budget. 

The 2019-20 budget will be developed to reflect the Board’s objective to provide for the education of all students while maintaining fiscal responsibility. 

The State of Illinois’ Evidence-Based Funding (EBF) formula guarantees that no district will receive less in state funding than it did in the prior school year. District 15’s appropriation for the current 2018-19 school year is $16.515 million. This base amount will be used in the 2019-20 fiscal year.

Additional revenues include property taxes, Corporate Personal Property Replacement Taxes (CPPRT), Tax Increment Financing (TIF) District revenue, Medicaid revenue and transportation reimbursement from the State of Illinois.

Expenditures for the upcoming school year include staff salaries and benefits, purchased services, materials and capital outlay. The district is planning for several significant capital projects throughout the district in 2019-20 including the following: 

  • Partial roof replacement at Walter R. Sundling;
  • Univent replacement at Lincoln;
  • Roof replacement, HVAC upgrades and carpet replacement at Central Road;
  • Classroom carpet replacement at Virginia Lake;
  • New playground equipment at Marion Jordan, Jane Addams, and Conyers Learning Academy;
  • Outside paving at Frank C. Whiteley; and
  • Modifications for secure entrances at Carl Sandburg, Hunting Ridge, Kimball Hill, Virginia Lake, and Plum Grove.

The preliminary budget will be presented to the board at its June meeting with final adoption taking place later in the year.

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2019-02-14