Budget & Finances

Budget & Finances

As directed by local, state and federal law, District 23 is required to be open and transparent about the finances of the District.  Many factors impact the financial health, stability and sustainability of District 23.  The documents contained in this portion of the website demonstrate the status of District 23’s finances as well containing documents that the District must post to meet legal requirements pertaining to the budget and finances.  

FINANCIAL DOCUMENTS

ANNUAL BUDGET
Section 17-1.2 of the Illinois School Code (105 ILCS 5/17-1.2) requires Illinois School districts to post the current annual budget, itemized by receipts and expenditures, on the school district's Internet web site. 

Fiscal Year 2018
Fiscal Year 2017
Fiscal Year 2016
Fiscal Year 2015

ANNUAL AUDIT AND FINANCIAL REPORT
Pursuant to School Board Policy 4:80 (Accounting and Audits), the Board of Education is required to have an audit performed by an independent certified public accountant each year. In addition, a financial report is to be created by the independent certified public accountant each year. The annual audit and annual financial report of the District is to be submitted to the Illinois State Board of Education and Regional Office of Education servicing the District.

ANNUAL AUDIT
Fiscal Year 2018
Fiscal Year 2017
Fiscal Year 2016
Fiscal Year 2015

ANNUAL FINANCIAL REPORTS
Fiscal Year 2018
Fiscal Year 2017
Fiscal Year 2016
Fiscal Year 2015

REPORT ON CONTRACTS
Pursuant to Section 10-17, the Board of Education shall make available to the public a statement of the affairs of the district prior to December 1st annually by submitting the statement of affairs to the Illinois State Board of Education. (105 ILCS 5/10-17). In addition, pursuant to Section 10-20.44 of the Illinois School Code, the Board of Education must list on its website, if any, all contracts over $25,000. (105 ILCS 5/10-20.44).

ANNUAL STATEMENT OF AFFAIRS
Fiscal Year 2018
Fiscal Year 2017
Fiscal Year 2016
Fiscal Year 2015

TEACHER AND ADMINISTRATOR COMPENSATION REPORTS (CERTIFIED STAFF)
Public Act 96-0266 requires that school districts post the Administrator and Teacher Salary and Benefits Report on or before September 1 of each year:

Fiscal Year 2018
Fiscal Year 2017
Fiscal Year 2016
Fiscal Year 2015

ILLINOIS MUNICIPAL RETIREMENT FUND COMPENSATION REPORTS
Public Act 97-0609 requires that within six days of approving the legal budget, school districts must post the IMRF - Salary Compensation Reporting, which lists the total compensation package for each employee exceeding $75,000:  

Fiscal Year 2018
Fiscal Year 2017
Fiscal Year 2016
Fiscal Year 2015
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All Rights Reserved.
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