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Community High School District #128 Financial Long Range Business Plan

Community High School District #128 Financial Long Range Business Plan . Charting the Course for the Future. February 24, 2009. District 128 Strategic Plan Initiatives. ACHIEVEMENT INITIATIVE Develop Student Achievement Advisory Council Collect , analyze and improve student performance

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Community High School District #128 Financial Long Range Business Plan

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  1. Community High School District #128Financial Long Range Business Plan Charting the Course for the Future February 24, 2009

  2. District 128Strategic Plan Initiatives • ACHIEVEMENT INITIATIVE • Develop Student Achievement Advisory Council • Collect, analyze and improve student performance • Challenge all students throughout the curriculum with reading, writing and critical thinking initiatives • Establish an instructional leadership subcommittee to review and revise the curriculum renewal process • Review and revise student placement • TECHNOLOGY INITIATIVE • Develop a Technology Advisory Committee • Implement technologies which support the collection, interpretation and analysis of student performance data • Implement technologies which enhance delivery and content of the curriculum • Implement technologies which enhance parent/student/teacher /district communications. • FINANCIAL INITIATIVE • Develop Finance Advisory Council • Establish an Educational Foundation • Develop a master facilities plan • Establish sound financial policies to support the education program • Create and maintain partnerships for special projects • Educate the community on district finances

  3. Presenters Alex Delli Paoli, Jr., Board Member Yasmine Dada, Assistant Superintendent

  4. Process Map

  5. District Summary • Libertyville High School - 2048 Students • Vernon Hills High School – 1387 Students • District 128 Equalized Assessed Valuation • $3,057,390,684 (2007) • # of Properties in District 128 – 20,408 • T.I.F. Area – 1 (Libertyville) • Tax Rate – 2.136 (2007) • Revenues = $74,000,000 • Expenditures= $77,700,000 • From Reserves= $ 3,700,000

  6. Process Map

  7. 2009 Revenues by Source

  8. 2009 Revenues by SourceDistrict 128

  9. Local Revenues • Property Taxes • Other Local • Investment Earnings • Student Fees • Impact/Transition Fees • Corporate Personal Property Replacement Tax • Other

  10. Consumer Price Index History

  11. State Revenues • General State Aid • Other State • Categoricals • Special Education • Orphanage • Transportation • Lunches and Breakfasts • Grants • School Construction Grant • Gifted

  12. Illinois Foundation LevelPer Student

  13. Federal Revenues • Title Grants • Title III – Bilingual Funds • Title IV – Safe & Drug Free Schools • Title II – Teacher Quality • Perkins • Vocational & Technical Training Grant

  14. Process Map

  15. 2009 Budget Types of ExpendituresDistrict 128

  16. Funds The State of Illinois requires districts to account for all expenses in funds. • A fund is an independent accounting entity with a self balancing set of accounts including its own assets, liabilities, and fund balance. • Debits must equal credits with each fund.

  17. Funds Types • Educational • Operations and Maintenance • Bond and Interest • Transportation • IMRF/FICA • Capital Projects • Tort • Working Cash • Fire Prevention and Safety

  18. Function • Action or purpose for which person or thing is used: • Instruction • Support Services • Community Services • Non-programmed Charges • Debt Service • Other Financial Users

  19. Objects • Describes service or commodity obtained: • Salaries • Employee Benefits • Purchased Services • Supplies and Materials • Capital Outlay • Non-Capitalized Equipment • Termination Benefits • Other

  20. Majority of Expenditures • School districts are a service organization not a manufacturer. • Payroll • Employee Benefits

  21. Projections In Millions

  22. Operating Cost Per Pupil

  23. Process Map

  24. Reserves (including asset management) In Millions

  25. Process Map

  26. Asset Maintenance Cost Projections – TotalSlide #1

  27. Asset Maintenance Cost Projections – TotalSlide #2

  28. Site Asset ManagementSlide #1

  29. Site Asset ManagementSlide #2

  30. Site Asset ManagementSlide #3

  31. Building Asset ManagementSlide #1

  32. Building Asset ManagementSlide #2

  33. Equipment Asset ManagementSlide #1

  34. Equipment Asset ManagementSlide #2

  35. Instructional Capital Outlay

  36. Technology Asset Management

  37. Asset ManagementSoftware

  38. Building Asset ManagementRenovations/Replacements/Additions

  39. Process Map

  40. FY09 Budgeted Expenditures**

  41. Annual Cost of Contracted Services

  42. Building ManagementAnnual Service Contracts

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