Indian Prairie Community Unit School District No' 204

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Indian Prairie Community Unit School District No.
204

• District 204 Revenue Stream

Indian Prairie Parent Counsel Tuesday, November
1, 2005, 700 PM
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Presentation Overview

• Fund Accounting Basics
• How Illinois Funds Education
• Indian Prairie School District 204
• Revenues by Source
• Property Taxes
• General State Aid Equalization formula
• Categorical Aid
• Federal Aid

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Fund Accounting Basics

• Educational Fund
• Operations and Maintenance Fund
• Bond and Interest Fund
• Transportation Fund
• Municipal Retirement / Social Security Fund

• Site and Construction / Capital Improvement Fund
• Working Cash Fund
• Fire Prevention and Safety Fund

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Illinois Revenues Appropriations
GENERAL FUNDS
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The Lottery and Education

• 34 cents on the dollar goes to education
• 540 million in Lottery revenues for education
• 18.9 billion cost to run 3,919 schools
• Lottery makes up 8 of states share
• The shell game

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Illinois Education Funding Sources
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Illinois Schools Face Financial Stress

• The state has the primary responsibility for
  financing the system of public education
• 36 vs. 51
• Raiding teachers pensions to balance state
  budget
• Over 80 of school districts deficit spending
• 21.4 of Illinois school districts on financial
  watch or early warning list
• Inequity

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How Illinois Ranks

• 41st in state income tax rates (among 41 states
  with income taxes)
• 34th in state and local tax burden as a percent
  of personal income
• 47th in state share of tax revenue for schools
  per 1,000 in personal income
• 10th in local share of tax revenue for schools
  per 1,000 in personal income
• 10th in school spending per enrolled student
• 50th in funding difference per student between
  states highest and lowest poverty districts
• 41st in state and local spending for education
  per 1,000 personal income
• Sources The Condition of Education 2003,
  Illinois State Board of Education Center for
  Budget and Tax Accountability, Tax Policy Center

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Revenues by Source District 204
Operating Funds
Note Operating funds include Educational,
Operations and Maintenance, Transportation,
Municipal Retirement/SS and Working Cash.
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Property Tax Extensions
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Property Taxes New Property
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Examination of the Current EAV Mix
(1) Source DuPage County Clerks Office. (2)
Source Will County Clerks Office.
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District Tax Rates
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Typical Tax Bill
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General State Aid
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General State Per ADA
Special Equalized Districts
Alternate Method Districts
Flat Grant Districts
D200
D204
D203
D205
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State Categorical Aid

• Transition assistance
• Textbook loan program
• Special education
• Vocational education
• Bilingual education
• Regular and special transportation
• Early childhood block grant
• Reading improvement
• ADA safety educational block grant
• School construction

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Federal Aid

• Special Milk Program
• Title I Low Income
• Title IV Safe Drug-Free Schools
• IDEA Flow-through Preschool
• Medicaid Matching Outreach
• Title II Professional Development

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Revenue Collections Operating Funds
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Financial Operating Statistics

• Operational Statistics
• Area served 46.6 sq. mi.
• Number of buildings 34 Building sq. ft.
  3,504,010
• Acres 538.6
• Enrollment 28,213
• Certified staff 1,951.2
• Pupil/certified-staff ratio 13.7
• 2004-05
• ADA 25,275.38
• Mi. Transported 2,736,476
• Meals served 1,665,702

• Financial Statistics
• EAV 4,043,497,531
• EAV/ADA 159,978
• Tax rates
• Operating rate 4.2273
• Total rate 5.0036
• Moodys rating Aa2
• Standard Poors AA
• GSA/ADA 649.23
• OEPP 8,616.34
• PCTC 8,386.46