CAT Tracks for January 4, 2020
LOCAL SCHOOL FINANCES

Looking back at the 2018-2019 School Year - aka Fiscal Year 2019 (FY19) - in Cairo, Egyptian, Meridian, and Century. (Actually, Century's financial statement was not published this year in The Cairo Citizen or Monday's Pub. They may have chosen another area newspaper for the required publication. Oops, Century's financial statement appeared in the January 6, 2020, Monday's Pub.)

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 (make that five weeks with the addition of Century), 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 $1,179,489 over last year. Cairo came in second with $847,423.

As for Egyptian...

...something is STILL hinky.

When you look at the "Beginning Fund Balances - July 1, 2018", it shows zeroes all the way across, which simply does not agree with what they reported on their last Annual Statement of Affairs Summary...a balance on June 30, 2018 of $490,501. (I don't mean to suggest that there is anything nefarious or illegal occurring. I just don't know why their accounting differs from that of Cairo and Meridian. They did it the same way the previous year when there had been a negative balance, so at least they are consistent.)

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 $5,252,336 is more than the combined educational funds of Egyptian and Meridian, a total of $3,703,659. (Century's $2,155,179 pushes the combined total to $5,858,838, which is the first time that has happened since I have been doing this. Oh well, Cairo will just have to try harder!)

But, even so...

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