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Minooka School District 201 FY2016 Budget Analysis

The Minooka Community Consolidated School District 201 proposed a budget for fiscal year 2016 totaling $41.9 million in revenue and $44.7 million in expenses, resulting in an operating funds deficit of $2.5 million and a non-operating funds deficit of $351,387. The largest deficits were projected for the Education Fund at $1.9 million and Tort Fund at $849,600. In fiscal year 2015, the district had total revenue of $41.8 million and expenses of $42.2 million, resulting in an operating funds deficit of $1.2 million but a non-operating funds surplus of $799,000.

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115 views2 pages

Minooka School District 201 FY2016 Budget Analysis

The Minooka Community Consolidated School District 201 proposed a budget for fiscal year 2016 totaling $41.9 million in revenue and $44.7 million in expenses, resulting in an operating funds deficit of $2.5 million and a non-operating funds deficit of $351,387. The largest deficits were projected for the Education Fund at $1.9 million and Tort Fund at $849,600. In fiscal year 2015, the district had total revenue of $41.8 million and expenses of $42.2 million, resulting in an operating funds deficit of $1.2 million but a non-operating funds surplus of $799,000.

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DPMartin
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Minooka Community Consolidated School District 201 - FY2016 Working Budget

FY2016 Proposed Budget


Fund

Revenue

Expense

Education Fund
Operations and Maintenance
Debt Service
Transportation
IMRF/SS
Capital Projects
Working Cash
Tort
Life Safety

$
$
$
$
$
$
$
$
$

28,426,863
1,927,700
5,677,800
2,667,800
1,224,800
861,600
381,500
650,400
37,700

$
$
$
$
$
$
$
$
$

30,359,121
2,664,500
5,524,102
2,837,550
1,127,085
497,500
25,000
1,500,000
155,000

Total

41,856,163

44,689,858

Operating Funds
Non-Operating Funds

Surplus/(Deficit)
Surplus/(Deficit)

Surplus/(Deficit)
$
$
$
$
$
$
$
$
$

(1,932,258)
(736,800)
153,698
(169,750)
97,715
364,100
356,500
(849,600)
(117,300)

Projected for FY2016


$
(2,482,308)
$
(351,387)

FY2015 Actual
Fund

Revenue

Expense

Education Fund
Operations and Maintenance
Debt Service
Transportation
IMRF/SS
Capital Projects
Working Cash
Tort
Life Safety

$
$
$
$
$
$
$
$
$

23,558,868
2,053,057
10,836,983
2,009,855
1,047,165
893,118
396,016
693,267
297,146

$
$
$
$
$
$
$
$
$

24,724,779
2,348,577
9,813,327
2,092,337
1,002,890
595,101
26,126
1,487,603
70,101

Total

41,785,475

42,160,841

Operating Funds
Non-Operating Funds

Surplus/(Deficit)
Surplus/(Deficit)

Surplus/(Deficit)
$
$
$
$
$
$
$
$
$

(1,165,911)
(295,520)
1,023,656
(82,482)
44,275
298,017
369,890
(794,336)
227,045

FY2015 Actual
$
(1,174,023)
$
798,657

Fund Balances
Education Fund
Operations and Maintenance
Debt Service
Transportation
IMRF/SS
Capital Projects
Working Cash
Tort
Life Safety

6/30/2015

6/30/2016

$
$
$
$
$
$
$
$
$

3,559,728
4,076,465
1,003,371
1,518,180
312,611
2,265,952
12,381,293
(1,032,474)
1,218,997

$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

1,627,470
3,339,665
1,157,069
1,348,430
410,326
2,630,052
12,737,793
(1,882,074)
1,101,697

25,304,123

22,470,428

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