Agenda Item
Meeting Date: 9/9/2020 - 7:00 PM
Category: Action Items
Type: Action
Subject: Approval of Resolution to Adopt the 2020-21 Budget
Vision 2022:
Financial & Facilities Management
Continue to ensure a balanced budget that builds and maintains a fund balance that meets Board policy.
Policy:
Background: The Illinois School Code, ch. 105, ILCS 5/17-1, requires the Board of Education to adopt an annual budget within the first quarter of each fiscal year (by September 30). A 30-day public inspection period and a public hearing must precede the budget adoption. The 2020-21 tentative budget has been available for public inspection since July 8, 2020, and a public hearing was held on August 12, 2020.
File Attachment:
Resolution to Adopt Annual Budget FY21.pdf
SDBFY21.pdf
budgetfinal9.9.20 (1).pdf
Summary: The final 2020-21 Budget document to be filed with the Illinois State Board of Education (ISBE) and Regional Office Of Education is attached to this report. The ISBE Budget Form includes the TRS on-behalf payments made by the state and the activity accounts as now required. Changes from the Tentative Budget will be reviewed with the Board at the meeting. The 2020-21 operating budget is balanced.
Funding:
Board Policy 4:10 Fiscal and Business Management
Recommendation: It is recommended that the Board approve the attached resolution to adopt the final 2020-21 Budget as presented.
Approvals:
Recommended By:
Signed By:
Bill Farley - Assist. Superintendent
Signed By:
Jeff Schuler - Superintendent
Vote Results:

Original Motion
Member Jim Mathieson Moved, Member Ginna Ericksen seconded to approve the Original motion 'It is recommended that the Board approve the attached resolution to adopt the final 2020-21 Budget as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
Brad Paulsen     Yes
Jim Mathieson     Yes
Chris Crabtree     Yes
Rob Hanlon     Yes
Ginna Ericksen     Yes
Susan Booton     Yes
Dave Long     Yes