CAT Tracks for December 18, 2018
LOCAL SCHOOL FINANCES

Looking back at the 2017-2018 School Year - aka Fiscal Year 2018 (FY18) - 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:

The "Educational" fund is the driving fund in school finance.

Meridian made the biggest improvement, an increase of almost $1.4 million over last year. Cairo came in a close second with almost $1.2 million. Century had the least improvement at $260,382.

As for Egyptian...

...something is hinky.

First of all, they left out the "Egyptian" identification, opting for "District No 5", but no harm no foul, it's clearly them. (Last year they identified themselves as Egyptian and left off the District number. Maybe it's a thing.)

But...

When you look at the "Beginning Fund Balances - July 1, 2017", it shows zeroes all the way across, which simply does not agree with what they reported on their last Annual Statement of Affairs Summary. (I don't mean to suggest that there is anything nefarious or illegal occurring. They probably filed an amended report during the year that didn't get posted in the paper.) Anyway, using the indicated "0" balance (or the previously reported negative balance of $2,709), an ending balance of $490,501 is a vast improvement.


Back to Cairo School District Number One...

As I reported last year, I was expecting hard times to hit with the dramatic drop of District enrollment caused by HUD's closing of the Elmwood and McBride public housing projects, but it didn't happen. It may be that the new funding bill passed by the Illinois General Assembly, which shifted state funding to districts most in need, saved the day. Whatever the reason, good, and may it continue.


Bottom line:

Cairo's $4,404,913 is more than the combined educational funds of Egyptian, Meridian, and Century, a total of $4,341,456.

So...

...in local school finances, CSD #1 is, well, still #1.