Harlem Consolidated School District #122 FY17 Tentative Budget July 1, 2016 – June 30, 2017 August 22, 2016 Harlem School Board Meeting Harlem S.D. 122 Budget FY12
Agenda Timeline Where we are today Fund Review Highlights The Mission of the Harlem Consolidated School District, as a vital part of the community, is to help diverse learners realize their unlimited potential by providing an educational program dedicated to academic excellence and the development of strong character in a safe and respectful learning environment. Timeline Where we are today Fund Review Highlights Ed/O&M/Transportation Fund Highlights Healthcare Costs Summary FY 17 Projections
Budget Timeline Adopt Tentative FY 17 Budget - August 22, 2016 Place Budget on Public Display - August 23, 2016 Continued Budget Discussion - August 23 – September 29, 2016 Public Hearing - September 29, 2016 Adopt FY17 Budget - September 29, 2016 (Must be approved prior to September 30, 2016)
Fiscal Year 2016(ended 06/30/16) Projected Unaudited Where we are today Fiscal Year 2016(ended 06/30/16) Projected Unaudited FY16 Excess/ (Deficit) Fund Balance Education Fund (1,106,985) (658,953) Tort Fund (111,218) 698,427 Operations & Maintenance Fund 296,526 3,042,674 Debt Service Fund (101,784) 428,358 Transportation Fund 152,115 1,933,851 IMRF/ Social Security Fund 65,627 1,831,432 Capital Project Fund Working Cash Fund 1,399 680,440 Life Safety Fund 1,029,251 3,107,759 Harlem S.D. 122 Budget FY12
Education Revenues by Source TRS on Behalf has been removed
Education TRS on Behalf has been removed
Education
General State Aid Entitlement
Education
Operations & Maintenance
Operations & Maintenance
Operations & Maintenance
Operations & Maintenance
Transportation
Transportation
Transportation
Transportation Transportation Fund Balance
Projection FY17 Fiscal Year 2017 FY17 Excess (Deficit) Education Fund Projected FY 17 Fund Balance 6/30/17 Education Fund 909,102 250,149 Tort Fund (39,204) 659,223 Operations & Maintenance Fund 9,155 3,051,829 Debt Service Fund (33,432) 394,926 Transportation Fund 207,893 2,141,744 IMRF/ Social Security Fund 44,972 1,876,405 Capital Project Fund Working Cash Fund 11,862 692,302 Life Safety Fund (865,616) 2,242,143
Healthcare Costs Last 8 Years Cost are up $3,932,105 between 2009 and 2013 projected
State Issues and Uncertainty School Funding Reform State Budget-Lack of Revenue Proposed property tax freeze
Questions? The Tentative Budget will be on public display in the Business Office until the public hearing on September 29, 2016 at 5:40pm