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Woodstock District 200 Board approves tentative budget

Woodstock School District 200 Board President Carl Gilmore (left) and Superintendent Michael Moan take part in a board meeting Oct. 10, 2017.
Woodstock School District 200 Board President Carl Gilmore (left) and Superintendent Michael Moan take part in a board meeting Oct. 10, 2017.

The Woodstock School District 200 Board has approved a tentative budget for fiscal 2020.

The budget includes $99.5 million in expenditures and $96.2 million in revenue. The district will use its operating fund reserves to pay down debt and maintain a flat tax levy, district officials said.

Operating funds include the educational, operations and maintenance, transportation, social security and working cash funds, according to the district.

State funding sources will bring in about $25.9 million with another $5.1 million coming from federal sources, officials said.

The majority of money to the district comes from local sources such as property taxes, fees and interest earnings which should total about $65 million, according to the district.

State money is expected to increase by 3.6% because of changes to the Illinois funding formula. The changes take into account student demographics. The state will provide additional revenue based on regular education, special education, English language learner and poverty statistics in the district, district officials said.

Employees’ salaries and benefits account for more than 76% of expenditures with the remaining revenue going toward services, supplies, utilities, tuition, equipment and debt service, according to the district.

Capital project expenditures increased by $59,000 this year to account for health and life safety work completed over the summer, the purchase of used buses, security updates and renovations at Olson Elementary School to accommodate the newly acquired Challenger Learning Center, officials said.

The full budget can be seen on the district website at www.woodstockschools.org.

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