The 2019-20 District 202 operating budget is expected to show a surplus of up to $2.4 million based on current revenue projections.
The Plainfield District 202 Board of Education approved the FY 2020 budget at its August 19, 2019 regular meeting following a public hearing as required by law.
The approved FY 2020 budget will allow District 202 to maintain high-quality educational programs while continuing to develop and implement a responsible, sustainable financial plan, said Rick Engstrom, assistant superintendent for business and operations.
Engstrom said the proposed fiscal plan also:
District 202 earned “Watch” status in 2012 – the lowest state ranking – but reached the highest status, “Recognition” in 2016. It has enjoyed Recognition status ever since. District 202 scored a “3.9” out of a possible “4” in 2018, the most current year.
ANTICPATED REVENUES AND EXPENSES
District 202’s total approved 2019-20 budget including debt service and capital projects is $325.9 million, up from $311.6 million last year, or 4.5 percent. Total revenues are expected to be $327.7 million in 2019-20, up from $313.6 last year, or 4.5 percent.
The operating budget pays for all daily operating expenses including salaries and benefits, which comprise about 79 percent of the Operating Budget this year.
The 2019-20 operating budget as approved shows $276 million in anticipated revenues, down from $283.5 million last year.
The preliminary proposed 2019-20 operating budget shows $273.6 million in expected expenses, down from $275.9 million last year.
The State of Illinois considers the Education, Operations and Maintenance, Transportation, Working Cash, IMRF and Tort funds together as the “Operating Budget” to assess and rate school districts’ financial health.
KEY BUDGET POINTS
As usual, salaries and benefits comprise about 79 percent of the approved 2019-20 operating expenses. Salaries and benefits are expected to total about $227.5 million, which is up about 5.4 percent, or $11.7 million, over 2018-19 figure of $215.8.
The budget includes:
The final 2019-20 budget includes 30 new staff positions including 20 new social workers. School-level funding will not change, and departmental initiatives will be fully funded.
As well, the fiscal plan includes $4.6 million for assorted capital projects and $2.8 million for additional technology initiatives and equipment.
The final budget also includes a $1 million contingency for building-specific enrollment changes and special education needs, as has been done the last several years.
Finally, District 202 operates more efficiently than the state average in nearly every category:
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