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Budget Approved

In late September the  Hawthorn School District 73 Board of Education approved the final budget for the 2015-16 fiscal year.  The budget includes revenues of  $70.35 million and expenditures of $70.78 million.  The Board has authorized the use of $500,000 in fund balance to take care of technology needs throughout the district.

Instruction, which accounts for 57 percent of the expenses shows a decline under the proposed budget, mainly due to the large amount of retirements. The Board of Education continues to increase funding for curricular and technology needs under the budget. Salaries and benefits for the district’s 600 employees make up 80 percent of the budget. Staff oversees the education of about 4,200 students in preschool through Grade 8.

“Overall we feel confident that we have a budget that is addressing our students’ needs, and the financial needs of the district. We continue to monitor the shrinking revenue side of our budget while continuing to ensure that we are responsible with our taxpayer dollars. We will keep an eye on Springfield, and work with our legislators to make sure that we are not shortchanged in the process of realigning dollars at the state level,” said Brad Goldstein, Associate Superintendent of Finance & Business Operations.

Tentative Budget on Display for Public Viewing

A public hearing on the Hawthorn School District 73 tentative $66.35 million budget for the 2015-16 school is set for 7 p.m. Monday, August 10 in the district office. The proposed budget is backed by $66.66 million in revenue.

The tentative budget is up about .1 percent over the prior year’s document. This is smaller than normal due to a large number of retirements the district experienced in June 2015.

Instruction, which accounts for 57 percent of the expenses shows a decline under the proposed budget, mainly due to the large amount of retirements. The Board of Education continues to increase funding for curricular needs under the proposed budget. Technology is an area that the Board has placed a priority on in the budget as well. Salaries and benefits for the district’s 600 employees make up 80 percent of the budget. Staff oversees the education of about 4,100 students in preschool through Grade 8.

“Overall we feel confident that we have a budget that is addressing our student’s needs, and the financial needs of the district. We continue to monitor the shrinking revenue side of our budget while continuing to ensure that we are responsible with our taxpayer dollars. We will keep an eye on Springfield, and work with our legislators to make sure that we are not shortchanged in the process of realigning dollars at the state level,” said Brad Goldstein, Associate Superintendent of Finance & Business Operations.

The public is welcome to stop in the district offices at 841 West End Court, Vernon Hills, where the budget is available for public review. The Board is expected to adopt the budget at its Monday, September 28 meeting.

 

Budget Tentatively Approved

The Hawthorn School District 73 Board of Education tentatively approved a $57.19 million budget for the 2014-15 school year at its summer meeting.

The budget decreased by 5 percent due to a decline in capital project expenses. The budget is backed by $57.06 million in revenue.  The Board anticipated deficit spending for this year as a result of paying out additional wages to 30 retirees whose last paychecks will fall in the 2014-15 budget year. The deficit will be made up on July 1, 2015, said Brad Goldstein, associate superintendent of finance & business operations. Salaries and benefits for the district’s 600 employees make up 80 percent of the budget. Staff oversees the education of 4,100 students in preschool through Grade 8.

The budget also includes annual refreshes to furniture at Elementary South, technology equipment replacements, a lease for the district’s preschool and early childhood program at Lincoln School in Mundelein, and digital and paper curricular resources.

The public is welcome to stop in the district offices at 841 West End Court, Vernon Hills, where the budget is available for public review. A public hearing on the budget is set for 7 p.m. Monday, Aug. 11. The Board is expected to adopt the budget at its Monday, Sept. 8 meeting.