Fiscal Year 2011-2012 General Budget Information
Nine funds – (10) Education, (20) Operations & Maintenance, (30) Debt Service, (40) Transportation, (50) Municipal Retirement & Social Security, (60) Capital Projects, (70) Working Cash, (80) Tort Immunity/Judgment, and (90) Fire Prevention & Safety – are presently maintained by Waltham CC Elementary School District #185. Fiscal Year 2011-2012 (FY12) will run from July 1, 2011 through June 30, 2012. The overwhelming majority of a school district’s expenditures are typically from the Education Fund – this fund provides the educational staffing and programming for the district, salaries and benefits for most employees, supplies, equipment, textbooks, and other instructional needs.
Public Budget Presentation and Adoption
The Illinois School Code mandates that each school district prepare a tentative budget, make the tentative budget available for public inspection for a minimum of 30 days, and hold a public hearing and formally adopt the budget prior to the end of the first quarter (September 30) of each fiscal year. The fiscal year 2012 tentative budget was presented on August 17, 2011. The final 2010 budget was presented at a public hearing and adopted by the Board of Education on September 28, 2011.
Accessing the Fiscal Year 201012012 (FY12) Budget
The FY12 budget reflects estimated revenues and expenditures for the period beginning July 1, 2011 through June 30, 2012. This is shown in two formats below. The FY12 Budget Summary is an easy to read overview of beginning fiscal year (July 1, 2011) balances, estimated FY12 revenues and expenditures, and estimated ending FY12 (June 30, 2012) fund balances.
The link to the district’s Final FY11 & FY12 Adopted Budget is listed below.