CAT Tracks for November 26, 2017
LOCAL SCHOOL FINANCES

Looking back at the 2016-2017 School Year - aka Fiscal Year 2017 (FY17) - in Cairo, Egyptian, Meridian, and Century.

As is indicated in the fine print of the "exhibits" provided below, every public school district in Illinois is required to prepare an "Annual Statement of Affairs Summary", make it available for public inspection in the district administrative office by December 1st, and publish it in the local newspaper.

During the past three weeks, The Cairo Citizen and Monday's Pub have provided this service.


If it's controversy and catty commentary you want, then venture to the archives for a replay of the corresponding editions from previous years.

For your viewing convenience, I have provided links to the most recent:


As with last year, I have only published the "Annual Statement of Affairs Summary"...

...dispensing with the "Salary Schedule of Gross Payments for Certificated and Non-certificated Personnel" and the "Payments to Person, Firm, or Corporation Over $2,500."

Those annual statement of affairs summaries follow:






POSTSCRIPT:

Woe is Egyptian - (2,709) - which in bookkeeping parlance means a NEGATIVE balance in the Educational fund, the driving fund in school finance.

Cairo's $3,241,311 easily eclipses Meridian and Century's combined $2,185,733.

But, trust me, there are no celebrations taking place at the District central office...

...for they are painfully aware of the heavy cloud of fallout from the Cairo public housing crisis which promises to decimate District enrollment, now below 400 students.

The current year is not the problem, as the terms of the new Illinois school finance reform legislation insured that no district would receive less funding than it did last year, what is called a "hold harmless" provision.

But, next year, HUD's and ACHA's chickens will come home to roost. Since local school districts' state funding is based on "Average Daily Attendance", HUD's mandated eviction of public housing residents/students due to alleged mismanagement at the ACHA will have major impact on District revenue.

So...

Cairo School District Number One faces an uncertain future, probably rivaling the late 1960s, early 70s, when the consolidation of Cairo High and Sumner High caused white flight and the founding of Camelot school.

This new reality will require CSD #1 to watch its expenditures even more than is typical.

Good luck to all involved in weathering this storm.