Local

Woodstock School District 200 approves tentative budget

Woodstock School District 200 Board President Carl Gilmore (left) and Superintendent Mike Moan listen during a past board meeting.
Woodstock School District 200 Board President Carl Gilmore (left) and Superintendent Mike Moan listen during a past board meeting.

The Woodstock School District 200 Board has approved a tentative budget and will hold a public hearing on the matter Sept. 25.

The 2018-19 school year budget includes $95.8 million in expenditures and $95.5 million in revenues. The transportation, educational and operations and maintenance funds sit with revenues of $72.23 million and expenditures of $72.29 million, according to district documents.

Local revenue sources – such as property taxes, fees and interest – generate about $65 million, or more than 68 percent of the district’s budget. State sources generate an additional $25.4 million, and federal revenue is about $5.1 million, according to district documents.

State revenues are budgeted to increase 8 percent under the new Illinois funding formula, according to the district.

“The new funding formula takes into account District 200’s unique student population and provides additional revenue for students based on [standard] education, special education, poverty and English language learners,” district spokesman Kevin Lyons wrote in a statement. “The greater the student need, the more funding a district receives.”

Top District 200 costs include employee salaries and benefits, which account for more than 76 percent of expenditures.

The tentative budget does not include any financing for equipment or capital improvement needs. Capital outlay expenditures have increased by $854,000, however. The increase accounts for ongoing health and life safety projects performed over the summer, as well as the purchase of buses and security upgrades, according to the district.

A complete copy of the district’s budget is online at www.woodstockschools.org.

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