CAT Tracks for December 7, 2021
LOCAL SCHOOL FINANCES

Looking back at the 2020-2021 School Year - aka Fiscal Year 2021 (FY21) - in Cairo, Century, Egyptian, and Meridian.

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, Monday's Pub has 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 recent years, 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.

Egyptian once again proves a mystery. Last year, they posted a June 30, 2020 Ed Fund balance of $377,751. This year, Egyptian shows a July 1, 2020 Ed Fund balance of $3,861,238. (See above.) As the saying goes, what a difference a day makes!

So...

...did the Egyptian School District's Ed Fund increase this year by $445,634? Or did it increase by a whopping $3,929,121? I just don't know. As a result, I shall decline this year to compare the districts by the increases in their Ed Funds from FY20 to FY21. (Sadly, Meridian decreased by $557,806. But, it should be noted that Meridian had $3,663,654 in their Ed Fund at the end of Fy21, none too shabby!)

Bottom line:

Cairo's Educational Fund balance as of June 30, 2021, of $6,759,134 tops Century, Egyptian, and Meridian. Although, it must be said, this year Cairo tops them individually, not combined. Get crackin', Cairo! :-)

So...

...I've said it before and I'll say it again: "In local school finances, CSD #1 is, well, still #1."