Early estimates indicate that Richmond-Burton High School District 157’s fiscal 2019 budget will be balanced, according to data presented during Wednesday’s board meeting.
District 157 Superintendent Tom Lind said the goal during the budget planning process this year was to go line item by line item. Because of this, Lind said, budget planning might be done a little differently next fiscal year.
“I believe there are a lot of areas we can trim from and save money without impacting student services or what students experience,” Lind said.
District 157 business manager and Treasurer Denise Levendoski said the district is not expected to have any deficits across all funds.
She also said the district has begun to receive payments under the new evidence-based funding formula that was signed into law last year, one of which was received Friday.
According to a report from the Illinois State Board of Education, District 157 would receive close to $34,000 in new revenue under the new funding model.
The budget will be on display in the district office, 4213 Route 12, Richmond, for 30 days, with possible revisions to come at September’s board meeting.
A budget hearing has been scheduled for the board’s next meeting at
7:30 p.m. Sept. 19.
Levendoski said she does not foresee any significant changes until then.
“I just wanted to say that there are no surprises in this budget,” Levendoski said.
The board also authorized a transfer of $187,000 from the operations and maintenance fund to the debt service fund in order to meet one-time, nonrecurring expenses.