school district budget form july - · pdf fileschool district budget form * july 1,2010 -june...

ILLINOIS STATE BOARD OF EDUCATION School Business Services Division

Accountina Basis: SCHOOL DISTRICT BUDGET FORM *

July 1,2010 -June 30,2011

Date of Amended Budget: (MM/DD/YY)

Unbalanced budget, however, a deficit reduction plan is not required at this time.

District Name: Community Unit School District #7 District RCDT No: 09-01 0-0007026

L

Budget of Cornrnun~ty Unit School Dlstrict #7 , County of Champaign

State of Illinois, for the Fiscal Year beginning July 1, 2010 and ending June 30, 201 1

WHEREAS the Board of Education of Community Unit School District #7

County of Champaign State of Illinois, caused to be prepared in tentative form a budget, and the Secretary

of this Board has made the same conveniently available to public inspection for at least thirty days prior to final action thereon;

AND WHEREAS a public hearing was held as to such budget on the 22 day of July , 20

notice of said hearing was given at least thirty days prior thereto as required by law, and all other legal requirements have been corn

NOW, THEREFORE, Be it resolved by the Board of Education of said district as follows: Section 1: That the fiscal year of this school district be and the same hereby is fixed and declared to be

beginning July 1, 2010 and ending June 30, 201 1

Section 2: That the following budget containing an estimate of amounts available in each Fund, separately, and expenditures f@n be and the same is hereby adopted as the budget of this school district for said frscal year. 5

X

ADOPTION OF BUDGET

The budget shall be approved and signed below by members of the School Board. Adopted this

day of s- . 20 by a ro~lcall vote of - " Yeas, and - C1> Nays, to wit:

* Based on the 23 l l l~no~s Admlnlstratlve Code-Part 100 and Inconformity w~th Section 17-1 of the School Code.

(1) A certified copy of this document must be fled with the county clerk with~n 30 days of adoption as required

by Section 18-50 of the Property Tax Code (35 ILCS 200118-50)

(2) Dlstrtcts are requrred to submtt the adoptedlamended budget electrontcally to ISBE w~thin 30 days of adoptlon or by October 31

whichever comes first Budgets are submitted to www.isbe.net/sfmslbudget/201 1lbudget.htm. The electronlc version does

not requlre member signatures

ISBE 50-36 SB2011 (05110)

Commun~ty Un~ t School Dfstnct #7 09-010-0007026

n-\data\My IL SBF 84.xls

BUDGET SUMMARY Page 2 -

i S FROM ON1

n \data\My lL SBF 84 XIS 9/15/2010

1

2

. 3 4 5

. 6 7 8 9

10 11

I 2 13 14 - 15 16 17 18 $9 - 20 21 - 22

23 24 25 26 27 28 29 30

31

32 33 -- 34 35 36

37 38 39 40 41 42 43 - 44 45

A -Begm enterrng data o n EstRev 5-10 a n d EstExp f 1-f 7 tabs

Description

-

B

Acct #

C (10)

Educat~onal

ESTIMATED BEGINNING FUND BALANCE July 1, 2010 ' RECEIPTSIREVENUES

6 537 135

5 070 375

0 4 501 500

327 500 9 899 375

- -

LOCAL SOURCES FLOW-THROUGH RECEIP DISTRICT TO ANOTHER D - STATE SOURCES FEDERAL SOURCES

D (20)

Operations B Ma~ntenance

1000 2000

3000 4000

Total Direct ReceiptslRevenues

ReceiptsiRevenues for On Behalf Payments 1 3998 Total Rece~ptslRevenues -- SBURSEMENTSIEXPEND~TURES I

E

(30) Debt Servlce

0

- 0

0 0 - 0

443 144

803 750

0 375 000

0 1 178 750

--

152 390 282 360

30

- 0 j 0 -- 0

434 780

0

205 000

o 0

205 000

INSTRUCTION 8 000 647 SUPPORT SERVICES 2000 2 844 950 COMMUNITY SERVICES 1 3000 3 600 PAYMENTS TO OTHER D l 1 4000 332 000 DEBT SERVICES 1 6000 0

F

(40) Transportation

205 000 --

628 547

2 300 070

0 0 - -

2 300 070

- 516 920

214 000

0 -- 0

214 000 - 0

9 899 375

P

1 090 600 0 0 0

1 000 I 091 600

-t- PROVISION FOR CONTINGENCIES e 6000 Total Direct DlsbursementslExpenditures

-

12 870

--

378 216

12 870

o 0

12 870

96 500

- 0

- 0 0 :

96 500 +

0

1 1 78 2 300 070 929 000

10 000 11 191 197

G (50)

Munlclpal Ret~rernenU

=al Securlty

12 870

548 866

284 000

0 645 000

0 929 000

- - 0

11 191 1%

(1 291 822)

0

-

\ 0

0 Disbursements/Expend~tures for On Behalf Payments Total DisbursementslExpend~tures Excess of D~rect ReceiptsRevenues Over (Under) Dtrect DisbursementslExpendrtures OTHER SOURCESIUSES OF FUNDS

OTHER SOURCES OF FUNDS (7000) PERMANENT TRANSFER FROM VARIOUS FUNDS

(1 76 734)

516 920

0 0 0

516 920

214 000

(37 500)

92 590 102 460 *

978 100 0 0

0 4180 1 091 600

87 150

0

0

1 0

0

&boltshment or Abatement of the Worklng Cash Fund - Transfer of Working Cash Fund Interest Transfer Among Funds - Transfer of Interest Transfer from CapltaiProjects Fund to O8M Fund

Transfer of Excess Fire Prev 8 Safety Tax 8 Interest Proceeds to 08M Fund

Transfer of Excess Accumulated Fire Prev 8 Safety Bond and Int Proceeds to Debt Service Fund

H (60)

Capltal Projects

96 500 1

(58 400)

-4

-

i

176 500

o 0

176 500

i

--., 1 0 1 0

176 500

1 469 915

830 155

0

0 0 0 0

0

0 993 100

(64 100)

0

7110 7120 7130 7140 71 50 7160

7170

38 100

1 O J 0 -

38 100

- _?51

38 100 ----

1469 915 0

I 469 915

I

(70) W o r k ~ n g Cash

0 15 000

993 100

434 780 -- 82 140

--

SACEXBONDS (7200)

J L

F ~ r e Prevent~on & Safety

0

205 000

~ n n c l p i on Bonds sold Premium on Bonds Sold Acclued Interest on Bonds Sold

Sale or Compensation for Flxed Assets e f e r to Debt Service to Pay Pnnclpal on C a p ~ t a E s e s Transfer lo Debt Service Fund to Pay Interest on Capttal Leases Transfer to Debt Service Fund to Pay Pflncipal on Revenue Bonds Transfer to Debt Service Fund to Pay Interest on Revenue Bonds Transfer to Cap~lal Projects Fund =an Proceeds Other Sources ~ o t Classfied Elsewhere

7210 7220 7230 7300

7400 7500 7600 77W 7800 79W 7990

Total Other Sources of Funds 0

0

--- 0

BUDGET SUMMARY -

n \data\My IL SBF 84 XIS 9/15/2010

re Prevention

49 Abolishment or Abatement of the w o r k ~ n g s h Fund 8110 50 Transf of Working Cash Fund Interest 8120 51 Transfer Among Funds 8130 / - 52 8140 Transfer of Interest - 53 Transfer from Capltal Projects Fund to OBM Fund 8150

8160 Transfer of Excess Fre Prev 8 Safety Tax B interest 54 Proceeds to OBM Fund

55 56 57 58 59 60 61 62

Transfer of Excess Accumulated F~re Prev 8 Safety Bond and lnt Proceeds to Debt SeNlce Fund Transfer to D e b t S e r v l c e F u n d to Pay Pnnc~pal on Capital Leases Transfer to Debt Serv~ce Fund to Pay Interest on Capital Leases Transfer to Debt Service Fund to Pay Principal on Revenue Bonds Transfer to Dsbt Servlce Fund to Pay Interest on Revenue Bonds Transfer to Capital Projects Fund 7 ----. Other Uses Not Classified Elsewhere

8170

63 -- 64 65

66 67 68

69 70 71

, 72 73 74 75 76 77 78

8400

8500

8600

8700

8800 -

I

i

Total Other Uses of Funds I 0 Total Other SourcesRlses of Fund -- - 0 ESTIMATED ENDING F U ~ A L A N C E June 30,2011 5,245,313 1

-pp-.-p --

0

530.294

-

SUMMARY OF EXPENDITURES (by Major Object)

0

0- 0

Description

Object Name Salanes Employee BeneKs

0

0

A c c t

#

100

200

1,458.702 484,766 (94,594)

0

0

($0) Educational

7,846.830 1,669,760

Purchased Serv~ces I 300

205,000

685.750 724.040 209,867 54,950

0 0

11,191,197

Supplles & Matenals Capital Outlay - Other Objects - Non-Capitallzed Equ~prnent Lerrn~natton Benefits

--

0

0

(20) Operations 8. Maintenance

447,500 63,000

400

500

6001

700 800

391,086

150.000 41 2,000

18,000 I,IE

0

1,091,600 Total Expenditures

44.080 55,090

0

0

(30) Debt Service

0

1.469.915

O _ _ _ 1,469,915

0

0

(40) Transportation

0 0

--

2' 0

962,100 12,000 4.000

15.000 0 0

993,100

(50) Municipal

Retirement1 Social Security

434,780

0

434,780

(60) Capital Projects

0 0 0 0 0 0 0

0

(70) Working Cash

214.000 0 0

- 0 0

214,000

(80) Tort

0 0

96,500 0 0

- 0 0

-- 96.500

2,108,350

1,148,040

231,867 - - 1,540,965

0 0

15,497,092

(90) Fire Prevention

& Safety

0 0

Total 8 y Object

8,294,330

2,167,540

SUMMARY OF CASH TRANSACTIONS Page 4

Fire Prevention

ESTIMATED RECEIPTSIREVENUES Page 5

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Page I t3 Page I 8

This page is provided for detailed itemizations as requested within the body of the Report.

1.

Page 19

1 - 2

3

4 5 6

-.

7 8

9 - 10 - 11 -

-

13 - 14

A E B 1 C I D F

Comntunity Unit School District #7 09-01 0-0007026

DEFICIT BUDGET SUMMARY INFORMATION - Operating Funds Only

':Unbalanced budget, however, a deficit reduction plan is not required at i this time.

< . . . . . . . . . . . . - . . - - . - - - - - - - - - - * . - - - - - - - - - - - - - - - * - - - - - - - - - . - - - - - - - - - - - - * - - - - - - - - - - - - - - - - - - -

A deficit reduction plan is required if the local board of education adopts (or amends) the 2010-1 1 school district budget in which the "operating funds" listed above result in direct revenues (line 5) being less than direct expenditures (line 6) by an amount equal to or greater than one-third (1/3) of the ending fund balance (line 8).

Note: The balance is determined using only the four funds listed above. That is, if the estimated ending fund balance is less than three times the deficit spending, the district must adopt and file with ISBE a deficit reduction plan to balance the shortfall within three years.

The deficit reduction plan, if required, is developed using ISBE guidelines and format.

TRANSPORTATION

929,000 993,100

(64,100)

484,766

OPERAT'ONS ' MAINTENANCE

1,178,750 1,091,600

87,150

530,294

Direct Revenues Direct Expenditures Difference -- Estimated Fund Balance -June 30,2011

WORKING CASH

12,870

12,870

391,086

9,899,375 11,191,197

(1,291,822)

- 5,245,313

- .

TOTAL

12,019,995 13,275,897

( I ,255,902)

6,651,459

ILLINOIS STATE BOARD OF EDUCATION SCHOOL BUSINESS SERVICES DIVISION

Page 20 .

My IL SBF 84 xls

1

A I B C I D I E 1 F I G DEFICIT REDUCTION PLAN

ESTIMATED BUDGET

4 - 5 -

6

7

8 9

10

. I 1 12 13

FY2010-11

Educational Fund

6,537,735

5,070,375

0 4,501,500

327,500 9,899,375

Community Unit School District #7 09-010-0007026 D~str~cf Number

ESTIMATED BEGINNING FUND BALANCE (must equal pnor End~ng Fund Balance)

RECEIPTSIREVENUES

LOCAL SOURCES FLOW-THROUGH RECEIPTSIREVENUES FROM ONE DISTRICT TO ANOTHER DIT--'---

14 DISBURSEMENTSIEXPENDITURES Funct

P

15 INSTRUCTION f000 8,000,647 16 SUP%&? SERVICES

- ~ 2 0 0 0 T

17 COMMUNITY SERVICES 3,600 1 8 PAYMENTS TO-O?)~= 332,000

-. - - - - - - . - - - 19 DEBT SERVICES 0 -- ------ 20 PROVISION FOR CONTING=nuiro 10,000

Operations 8 Maintenance Fund

443,144

803,750

0 375,000

0

1,178,750

- 1,090,600

0 0 0

1,000

1,091,600

87,150

0

0

0

530,294

Acct No.

1000

2000

21 - 22

23

24 25

2 6 - 27

STATE S O U R C E S " ~ L3000

FEDERAL SOURCES 1 4000 .- Total ReceiptslRevenues

Transportation Fund

548,866

284,000

0 645,000

0

929,000

978,100 0 0 0

15,000 993,100

(64,100)

0

0

0

484,766

Total Disbursernentsl~x~ditures Excess of ReceiptslRevenue Overl(Under) DisbursementslExpenditures

OTHER SOURCESlUSES OF FUNDS

OTHER SOURCES OF FUNDS (7000) OTHER USES OF FUNDS (8000) -

TOTAL OTHER SOURCESlUSES OFFUNDS ESTIMATED ENDING FUND BALANCE

11,191,197

(1,291,822)

0

0

0

5,245,313

Working Cash Fund

378,216

12,870

0 0

12,870

12,870

0

0

0

1 391,086

Total

7,907,361

6,170,995

0 5,521,500

327,500

12,019,995

8,000,647 4,913,650

3,600 332,000

0 26,000

13,275.897

(7,255,902)

0

0

0

6,651,459


Page 21

GOVT. UNI -- --

1 - 2 3-

4 - 5 -

6

7 -

8 9

10 11 I 2 13

14 15 16 17 18 19 20 21

22

23 24 25 26 27

-- ONE

My IL SBF 84 xls

A I B

Community Unit School District #7 09-010-0007026 Disfrfct Number

ESTIMATED BEGINNING FUND BALANCE (must equal pnor Ending Fund Balance)

H I I I J I K I L

ESTIMATED BUDGET FY2011-12

RECEIPTSIREVENUES

LOCAL SOURCES

Educational Fund

5,245,313

0

0

0

I

Acct No.

1000

TOTAL OTHER SOURCESIUSES OF FUNK ESTIMATED ENDING FUND BALANCE


530,294

0

----

0

0

I

0

484,766

FLOW-THROUGH RECEIPTSIREVENUES FROM I DISTRICT TO ANOTHER Dl! -4;; STATE SOURCES - FEDERAL SOURCES ---

Total ReceiptslRevenues

DISBURSEMENTSIEXPENDITURES - INSTRUCTION SUPPORT SERVICES COMMUNITY SERVICES PAYMENTS TO OTHER 01s ---.- DEBT SERVICES -- ---

0

5,245,313

Transportation Fund

484,766

0

0

0

Funct No.

1000

2000 - 3000 4000 5000

0

530,294 0

391,086

PROVISION FOR CONTINGL,.,.,, ----- ~ G O O Total DisbursernentslExpenditures

Excess of Rece~ptslRevenue Overl(Under) DisbursementslExpenditures

OTHER SOURCESIUSES OF FUNDS

OTHER SOURCES OF FUNDS (7000)

O T H E R 8 0 0 0 ) - 0

6,651,459

Working Cash Fund

391,086

0

0

Total

6,651,459

0

0 0 0 0

-

0 0 0 0 0 0 0

0

0 0


Page 22

1

7 4 - 5 - 6

7

8 9

10

I 2 13

14 15 16 17 18 19 3

21 - 22

23 24 25 26 27

A I B

Community Unit School District #7 09-010-0007026 D~str~ct Number

ESTIMATED BEGINNING FUND BALANCE (must equal pnor Ending Fund Balance)

RECEIPTSIREVENUES

LOCAL SOURCES ----

0 I P I Q M

Acct No.

fW0

N

- FLOW-THROUGH RECEIPTSIREVENUES FROM ONE

2000 DISTRICT TO ANOTHER Dl

T ~ E SOURCES pN- FEDERAL SOURCES I. 4000


DISBURSEMENTSIEXPENDITURES --- INSTRUCTION --- --.---


0

0

I

1000

Educational Fund

5,245,313

0

0


530,294

0

0 0 0 0 0 0

- - 0

0

0

0

391,086

SUPPORT SERVICES COMMUNITY SERVICEF EGO -- PAYMENTS TOOTMER DISTRICTS L GOVT. UNI 4000

0 1 0 530,294 1 484,766

- - - - . . . . - -- TOTAL OTHER SOURCESIUSES OF FUNDS

ESTIMATED ENDING FUND BALANCE

0

0

6,651,459

OTHER SOURCESIUSES OF FUNDS -- OTHER SOURCES OF FUNDS (7000) OTHER USES OF FUNDS (8000)-

,- -

5-

0

0

DEBT SERVICES --- - ~~WS~O-T- ----

0

5,245,313

Transportation Fund

484.766

0

0

0

6000

6000 Total DisbursementslExpenditures

Excess of ReceiptslRevenue Overl(Under) DisbursementslExpend~tures

Working Cash Fund

391,086

0

Total

6,651,459

0

0 0 o 0


My IL SBF 84.xls

1

-5- 4 - 5 -

6

7

8 9

10 11 12 13 -

R I S I T 1 U 1 V


14 15 16 I 7 18 19 20 21

22

23 24 25 - 26 - 27

A I B

Community Unit School District #7 09-010-0007026 D~str~ct Number

ESTIMATED BEGINNING FUND BALANCE (must equal prior Ending Fund Balance) ---

RECEIPTSIREVENUES

LOCAL SOURCES -- FLOW-THROUGH RECEIPTSIREVENUES FROM ONE DISTRICT TO ANOTHER 01' STATE SOURCES

Working Cash Fund

391,086

0

Transportation Fund

484,766

0

Educational Fund

5,245,313

0

Acct No, 1000

2000

3000

Total

6,651,459

0

0 0 0 0


530,294

0 FEDERAL SOURCES 4000


0

0

391,086

0

0

0

484,766

0 0 0 0 0 0 0

0

0 0 0

6,651,459

I__---

0

0

0 ----

DISBURSEMENTSIEXPENDITURES Funct

-- INSTRUCTION SUPPORT SERVICES . COMMUNITY SERVICES --- PAYMENTS TO OTI-!!DLSTRICTS & DEBT SERVICES PROVISION FOR CONTINGENCIES --

ESTIMATED ENDING FUND BALANCE 5,245,313

1000

2000 - 3000

*-- 4000 5000 6000

530,294

-

Total DisbursernentslExpenditures

Excess of ReceiptslRevenue Overl(Under) DisbursernentslExpenditures

OTHER SOURCESIUSES OF FUNDS

OTHER SOURCES OF FUNDS (7000) OTHER USES OF FUNDS (8000) - ---

TOTAL OTHER SOURCESIUSES OF FUNDS

0

0

0


My IL SBF 84 xls

Y ITS

Page 24

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6

A I B

Community Unit School District #7 09-010-0007026 District Number

ESTIMATED BEGINNING FUND BALANCE

W I X I Y 1 Z SUMMARY

BUDGET ADDENDUM - DEFICIT REDUCTION PLAN ESTIMATED BUDGET

Date of Adoption: (Enter as MM/DDflY.I

FY2010-1 I FY2012-13 FY2011-I2 FY2013-14

Deficit Reduction Plan-Background/Assumptions

Fiscal Year 201 1 through Fiscal Year 2014

Cornmunitv Unit School District #7 09-01 0-0007026 - - -

Please complete the follow~ng schedule and rnclude a brref descr~ptron to rdentrfy any areas of the budget that wrll be rmpacted from one year to the next If the deflot reductron plan relres upon new local revenues, rdentrfy conhngenoes for further budget reductrons whrch wrll be enacted rn the event those new revenues are not avarlable For addrtronal rnformatron, please see

www.1sbe.net/sfrnslbudaetl201l/budqet.htm

1. Backqround and Narrative of Budqet Reductions:

2. Assumptions Used in the Deficit Reduction Plan:

- Foundation Levels for General State Aid:

- Equal Assessed Valuation and Tax Rates:

- Employee Salaries and Benefits:

' Pag'e 26

- Short and Long Term Borrowing:

- Educational Impact:

- Other Assumptions:

ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (For Local Use Only)

This is an estimated Limitation of Administrative Costs Worksheet only and will not be accepted for Official Submission of the Limitation of Administrative Costs Worksheet.

The worksheet is intended for use during the budgeting process to estimate the district's percent increase of FY2011 budgeted expenditures over FY2010 actual expenditures Budget information is copied to this page. Insert the prior year estimated actual expenditures to compute the estimated percentage increase (decrease).

The official Limitation of Administrative Costs Worksheet is attached to the end of the Annual Financial Report (ISBE Form 50-35) and may be submitted in conjunction with that report.

An official Limitation of Administrative Costs Worksheet can also be found on the ISBE website at:

Limitation of Administrative Costs

ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS School D~str~ct Name Community Unit school District #7

' WORKSHEET RCDT Number 09-01 0-0007026

(Section 17-1.5 of the School Code) Estimated Actual Expenditures, Budgeted Expenditures,

I Fiscal Year 2010 Fiscal Year 201 1

(10) (20) (10) (20) Funct. Operations & Operations 8

Description Educational Total Educational Total No. Maintenance Maintenance

1 Execut~ve Adm~n~strat~on Serv~ces 2320 249.926 249.926 203.800 203,800 - - - -

2 Spec~al Area Adm~n~strat~on Serv~ces 2330 0 1,600 1,600 -

3 Other Support Serv~ces - School 2490 I I

Adm~n~strat~on I 0 0 0

4 D~rect~on of Busmess Support Serv~ces - - * 2510

- f 0

- & O 1 0 0 , 5 Internal Serv~ces

I 2570 t 0 - O ! 0 - 6 D~rect~on of Central Support Servlces ' 2610 I 0 - 0 1 0 7 Deduct - Early Retirement or other Pens~on

Obl~gat~ons Included Above 0 0

t - 4

8. Totals - 249,926 _ - - - -- _ O -- 249,926 205 400 0 L--- -_ - - - - - 205,400 9. Estimated Percent Increase (Decrease) for FY2011 . 1 -

I ! i (Budgeted) over FY2010 (Actual)

-1 8%

School No: My IL SBF 84.xls

REPORTING OF PUBLIC VENDOR CONTRACTS OF $1,000 OR MORE

Community Unit School District #7 09-010-0007026 In accordance with the School Code. Section 10-20.21, all school districts are required to file a report listing 'vendor contracts' as an attachment to their budget. In this context. the term "vendor contracts" refers to "all contracts and agreements that pertain to goods and services that were intended to generate additional revenue and other remunerations for the school district in excess of $1.000, including without limitation vending machine contracts, sports and other attire, class rings, and photographic services. The report is to list information regarding such contracts for the fiscal year immediately preceding the fiscal year of the budget. All such contracts executed on or after July 1. 2007 must be approved by the school board.

See: School Code, Section 10-20.21 - Contracts

(Sheet 1s unprotected and can be re-formatted as needed, hilt must be used for subm~ssron) -

Product or Service Non-Monetary Distribution Method and Recipient of Name of Vendor

Provided Net Revenue

Remuneration Purpose of Proceeds Non-Monetary Remunerations

Distributed Pepsi-Cola Beverages $ 17,000.00 ,25000 - - Student lncentatives Student Body

f

I

Page 29 REFERENCEPAGE Page 29

Reference Description - - - - - - - - - - - - - - - " - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 Each fund balance.should correspond to the fund balance reflected on the books as of June 30th - Balance Sheet Accounts #720 and #730

(audit figures, if available).

2 Accounting and Financial Reporting for Certain Grants and Other Financial Assistance. The "On-Behalf' Payments should only be reflected on this page (Budget Summary, Lines 10 and 20).

3 Requires the secretary of the school board to notify the county clerk (within 30 days of the transfer approval) to abate an equal amount of taxes to be next extended See Sec. 10-22.14 & 17-2.1 1

Principal on Bonds Sold:

(1) Funding Bonds are to be entered in the fund or funds in which the liability occurs.

(2) Refunding Bonds can be entered in the Debt Services Fund only.

(3) Building Bonds can be entered in the Capital Projects Fund only.

(4) Fire Prevention and Safety Bonds can be entered in the Fire Prevention & Safety Fund only

The proceeds from the sale of school sites, buildings, or other real estate shall be used first to pay the principal and interest on any outstanding bonds on the property being sold, and after all such bonds have been retired, the remaining proceeds from the sale next shall be used by the school board to meet any urgent district needs as determined under Sections 2-3.12 and 17-2.1 1 of the School Code. Once these issues have been addressed, any remaining proceeds may be used for any other authorized purpose and for deposit into any district fund.

6 The School Code, Section 10-22.44 prohibits the transfer of interest earned on the investment of "any funds for purposes of Illinois Municipal Retirement under the Pension Code." This prohibition does not include funds for Social Security and Medicare-only purposes For additional requirements on interest earnings, see 23 Illinois Administrative Code, Part 100, Section 100.50.

Cash plus investments must be greater than or equal to zero

8 For cash basis budgets, this total will equal the Budget Summary -Total Direct ReceiptsIRevenues (Line 9) plus Total Other Sources of Funds (Line 45).

9 For cash basis budgets, this total will equal the Budget Summary -Total Direct DisbursementslExpenditures (Line 19) plus Total Other Uses of Funds (Line 63).

10 Working Cash Fund loans may be made to any district fund for which taxes are levled (Section 20-6 of the School Code)

l ' Include revenue accounts 11 10 through 11 15, 11 17,111 8 & 11 20

12 The School Code Section 17-2.2~. Tax for leasing educational facilities or computer technology or both, and for temporary relocation expense purposes.

73 Corporate personal property replacement tax revenue must be first applied to the Municipal RetiremenffSociai Security Fund to replace tax revenue lost due to the abolition of the corporate personal property tax (30 ILCS 115112). This provision does not apply to taxes levied for Medicare-Only purposes.

14

Only tuition payments made to private m. See Functions 4200 or 4400 for estimated public facility disbursementslexpenditures.

15 Payment towards the retirement of leaselpurchase agreements or bondedlother indebtedness (-1 otherwise reported within the fund - e.g.: alternate revenue bonds. (Describe & Itemize)

n:\data\My I1 SBF 84.xls 911 512010

CHECK FOR ERRORS This worksheet checks various cells t o assure that selected i tems are i n balance.

Out-of-balance condi t ions are accompan~ed by an error message. Errors must b e corrected before the budget is finalized and submit ted t o 1S-B-E. ---- -----

Budget item References - Message - ---.-----"--. - 5r==r2_I-I-.-- - --

Is Deficit Reduction Plan Required? Deficit reduct ion plan i s not required.

I f required, is Deficit Reduction Plan Completed (Page: DefReductPlan 20-24)?

I. Cover Page - CASH or ACCRUAL Check one type of Accounting Basts used on the Cover sheet PLEASE CHECK AN ACCOUNTING BASIS.

2. Budget Summary: Other Sources (Page BudgetSum 2-3 - Acct 7000), must equal Other Uses (BudgetSum 2-3 - Acct. 8000). Transfer Among Funds (Funds 10, 20, 40 - Acct 7130 - Cells C28, D28, F28), must equal (Funds 10, 20 & 40 - Acct 8130 - Cells C51, D51, F51). I

End of Balancing

OK

Transfer of Interest (Funds 10 thru 90 - Acct 7140 - Cells ~ 2 9 : ~ 2 9 ) . m z e q u a l (Funds 10 thru 60,s 80 - Acct 8140 - Cells C52:H52, J52) Transfer to Debt Serv~ce to Pay Pr~ncipal on Cap~tal Leases (Fund 30 - Acct 7400 - Cell E38) must equal (Funds 10,20 & 60 - Acct 8400 Cells C56, D56, H56) Transfer to Debt Serv~ce to Pay Interest on Capital Leases (Fund 30 - Acct 7500 - Cell E39) must equal (Funds 10,20 & 60 - Acct 8500 -Cells C57, D57, H57). Transfer to Debt Service Fund to Pay Pr~ncipal on Revenue Bonds (Fund 30 - Acct 7600 - Cell E40) must equal (Funds 10 & 20 - Acct 8600 - Cells C58, D58).

1 Transfer to Debt Serv~ce to Pay Interest on Revenue Bonds (Fund 30 - Acct 7700 - Cell E41) must equal (Funds 10 8 20 - Acct 8700 - Cells C59, D59)

1 Transfer to Capital Projects Fund (Fund 60 - Acct 7800 - Cell H42) must equal (Fund 10 & 20,

n:\data\My lL SBF 84.xls 911512010

OK

OK

OK

OK

OK

OK

I

Acct 8800 - Cells C60, D60) 1 3. Summary of Cash Transactions: Beginning Cash Balance on Hand July 1, 2010,,(CashSum 4, Al l Funds), cannot be negative.

Educat~onal (Fund 10 -Cell C3) Operat~ons & Matntenance (Fund 20 - Cell D3) Debt Serv~ce (Fund 30 - Cell E3) Transportation (Fund 40 - Cell F3) Mun~clpal RetlremenffSoclal Securtty (Fund 50 - Cell G3)

Worktng Cash (Fund 70 - Cell 13) Tort (Fund 80 - Cell J3) F~re Prevention & Safety (Fund 90 -Cell K3)

OK OK OK OK

Check Error OK OK OK OK

4. Summary of Cash Transactions: Ending Cash Balance on Hand June 30,2011, (Page CashSum 4 -A l l Funds), cannot be negative. Educat~onal (Fund 10 - Cell C21) Operat~ons & Maintenance (Fund 20 - Cell D21) Debt Servlce (Fund 30 -Cell E21)

Municipal RetiremenffSoc~al Secur~ty (Fund 50 - Cell G21) Cap~tal Projects (Fund 60 - H21) Workfng Cash (Fund 70 - Cell 121) Tort (Fund 80 - Cell J21) Flre Prevent~on & Safety (Fund 90 - Cell K21)

OK OK OK OK _____-

Check Errorl OK OK OK OK

5. Summary of Cash Transactions: Other Receipts, (Page CashSum 4), must equal Other Disbursements, (Page CashSum 4), --- - - --- ----- -

lnterfund Loans Payable (Funds 10:60,80,90 - Acct 411 -Cells C6:H6, J6:K6) must equal lnterfund Loans Recelvable (Funds 10:20, 40, 70 - Acct 141 - Cells C15:D15, F15,115)

lnterfund Loans Receivable (Funds 10, 20, 40 8 70 - Acct 141 - Cells C7:D7, F7, 17) must equal lnterfund Loans Payable (Funds 10:60,80, 90 - Acct 411 - Cells C16:H16, J16, K16)

OK

OK

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