SD81 BOE Bulletin Board

February 17, 2016

School District 81 FY2015 Annual Financial Report

District 81 recently finalized the 6/30/2015 Annual Financial Statement. It is posted on the website. The financials reflect the District’s continued commitment to prudent financial management. The FY 15 financials reflect increases in all fund balances. The District was able to do this with a modest 1.6% increase in overall revenues to $20.5 million from $20.2 million in 2014. The District has been managing the budget closely in anticipation of necessary building needs as a result of enrollment growth.

The District is currently on track to have a balanced budget for FY 2016 with the exception of the Operations & Maintenance Fund, which will be over budget due to improvements to the secured entrances at every building and the Kennedy addition project. The Board reviews the financials of the District monthly and works with administration to maintain a strong financial position. The District’s financial profile is 3.70 or Financial Recognition, which is the highest rating given by the State.

Please click on the below link to view the FY2015 AFR. The location of the document is under "Staff Directory" on the Home Page, "Business Office," and "Financial Documents."


District News

Congratulations to Wendy Flaherty, School District 81's Director of Finance and Operations for her feature article in the Illinois Association of School Business Official's publication, UPDATE. Please click on the link below to see the News Release and read the full article.

Wendy Flaherty - Final Word

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