1. 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

2. 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

3. 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)

4. 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

5. Education Revenues by Source
TRS on Behalf has been removed

6. Education
TRS on Behalf has been removed

7. Education

8. General State Aid Entitlement

9. Education

10. Operations & Maintenance

11. Operations & Maintenance

12. Operations & Maintenance

13. Operations & Maintenance

14. Transportation

15. Transportation

16. Transportation

17. Transportation
Transportation Fund Balance

18. 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

19. Healthcare Costs Last 8 Years
Cost are up $3,932,105 between 2009 and 2013 projected

20. State Issues and Uncertainty
School Funding Reform
State Budget-Lack of Revenue
Proposed property tax freeze

21. Questions? The Tentative Budget will be on public display
in the Business Office until the public hearing
on September 29, 2016 at 5:40pm