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HINSDALE TOWNSHIP HIGH SCHOOL DISTRICT 86

HINSDALE, IL

2015-2016 ADOPTED BUDGET

September 21, 2015

TABLE OF CONTENTS

INTRODUCTORY SECTION ..................................................................................................................................... 5

FINANCIAL SUMMARY ...................................................................................................................................................... 10 REVENUE SUMMARY – ALL FUNDS ..................................................................................................................................... 11 EXPENDITURE SUMMARY – ALL FUNDS ............................................................................................................................... 12 BUDGET TRENDS ............................................................................................................................................................. 13

Real Estate Taxes .................................................................................................................................................... 14 Salaries and Benefits .............................................................................................................................................. 14

INDIVIDUAL FUND SUMMARY ............................................................................................................................................ 15 INFORMATIONAL SUMMARY ............................................................................................................................................. 16 PERFORMANCE RESULTS .................................................................................................................................................. 19

Financial Summary ................................................................................................................................................. 23

ORGANIZATIONAL SECTION ............................................................................................................................... 25

MISSION AND VISION STATEMENTS .................................................................................................................................... 26 District 86 Vision Statement ................................................................................................................................... 26 Hinsdale Central Vision Statement ......................................................................................................................... 26 Hinsdale South Vision Statement............................................................................................................................ 28 Transition Center .................................................................................................................................................... 28

DISTRICT 86 GOALS ......................................................................................................................................................... 29 BOUNDARY MAP ............................................................................................................................................................ 30 PLANNING CALENDAR ...................................................................................................................................................... 31 DISTRICT ORGANIZATIONAL CHART .................................................................................................................................... 32 DISTRICT FINANCIAL STRUCTURE ........................................................................................................................................ 33 DISTRICT LEGAL STATUS ................................................................................................................................................... 35 DISTRICT FINANCIAL POLICIES ............................................................................................................................................ 36 POLICY 4:10 OPERATIONAL SERVICES ................................................................................................................................. 37

CROSS REF.: 6:235 (Access to Electronic Networks) ............................................................................................. 38 POLICY 4:30 REVENUE AND INVESTMENT OF SCHOOL FUNDS ................................................................................................. 39 POLICY 4:40 INCURRING DEBT .......................................................................................................................................... 40 POLICY 4:45 INSUFFICIENT FUNDS CHECKS AND DEBT RECOVERY ........................................................................................... 41

FINANCIAL SECTION ........................................................................................................................................... 42

SUMMARY OF ALL FUNDS ................................................................................................................................................. 43 Revenue .................................................................................................................................................................. 43 Expenditures ........................................................................................................................................................... 45 High Level Expenditure Comments ......................................................................................................................... 47 Fund Balance .......................................................................................................................................................... 48

SUMMARY OF OPERATING FUNDS ...................................................................................................................................... 49 Revenue .................................................................................................................................................................. 49 Expenditures ........................................................................................................................................................... 49

SUMMARY OF INDIVIDUAL FUNDS ...................................................................................................................................... 53 Education Fund ....................................................................................................................................................... 53 Operations & Maintenance Fund ........................................................................................................................... 57 Capital Projects ....................................................................................................................................................... 61 Debt Services Fund .................................................................................................................................................. 62 Municipal Retirement & Social Security Fund ......................................................................................................... 70 Capital Improvement Fund ..................................................................................................................................... 74 Working Cash Fund ................................................................................................................................................. 77 Tort Fund ................................................................................................................................................................ 80

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INFORMATIONAL SECTION ................................................................................................................................. 83

PROPERTY TAXES ............................................................................................................................................................ 84 Key Terms ............................................................................................................................................................... 84 Assessed Values ...................................................................................................................................................... 85 Levy Basics .............................................................................................................................................................. 86

STUDENT ENROLLMENT .................................................................................................................................................... 88 DISTRICT PERSONNEL ....................................................................................................................................................... 91 BOND AMORTIZATION SCHEDULES ..................................................................................................................................... 92 STUDENT ACHIEVEMENT .................................................................................................................................................. 94

APPENDIX .......................................................................................................................................................... 99

DISTRICT 86 BUDGET GUIDE ........................................................................................................................................... 100 TENTATIVE BUDGET PRESENTATION ................................................................................................................................. 119 DISTRICT 86, 5 YEAR FORECAST ...................................................................................................................................... 139

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Hinsdale Township High School District 86

DuPage and Cook Counties

5500 S Grant Street

Hinsdale, IL 60521

Principal Officers and Officials

Year Ended June 30, 2015

BOARD OF EDUCATION

Kay S. Gallo, President, Term Expires: April 2019

Jennifer Planson, Vice President, Term Expires: April 2019

Kathleen Hirsman, Secretary, Term Expires: April 2019

Bill Carpenter, Member, Term Expires: April 2019

Ralph Beardsley, Member, Term Expires: April 2017

Edward Corcoran, Member, Term Expires: April 2017

Claudia Manley, Member, Term Expires: April 2017

ADMINISTRATIVE STAFF

Dr. Bruce Law, Superintendent

Pamela Bylsma, Assistant Superintendent for Academics

Tammy Prentiss, Assistant Superintendent for Student Services

Bill Eagan, Chief Financial Officer and Treasurer

Domenico Maniscalco, Chief Human Resources Officer

OFFICIAL ISSUING REPORT

Bill Eagan, Chief Financial Officer and Treasurer 4 of 262

INTRODUCTORY SECTION

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September 21, 2015

Mrs. Kay Gallo, President Members of the Board of Education Hinsdale Township High School District 86 Hinsdale, IL 60521

Dear Members of the Board of Education:

We are pleased to present the budget for the fiscal Year 2015-2016 financial plan for H i n s d a l e T o w n s h i p H i g h S c h o o l District 86. This document culminates a process involving input from the Board of Education, the S u p e r i n t e n d e n t ’ s C a b i n e t , the community, school personnel and business office staff. The Fiscal Year 2015-2016 Budget meets the Board’s vision of “Fiscal Responsibility,” specifically maximizing the use of financial resources for student learning, ensuring the next generation of leaders will be prepared.

The 2015-2016 Budget is being adopted according to the provisions of Board Policy 4:10 on September 21, 2015. The schedule approved by the Board is detailed below.

Budget Process

Projecting the budgeting needs of the District is a continual process that is updated as information changes and is reflected in the District’s five-year projection plan.

Developing the line-by-line budget of the District for fiscal year 2016 started with an organizational meeting of the Superintendent’s Cabinet in February 2015. At this meeting, parameters were set as follows:

1. District 86 has two percent new money to work with 2. Zero-based budgeting will be used. Each department should submit requests with justification to allow

fact-based decision making and prioritization to be made at the building level. 3. All budget submissions due to the business office by March 31, 2015. Business office will roll up the

budget and have a Cabinet-level presentation ready by April 30, 2015. 4. Cabinet will look at all requests and allocate the District resources in the most effective manner by May

15, 2015. 5. Finance Committee and Board of Education approval for a tentative budget completed by June 30, 2015 in

time for the new fiscal year beginning July 1, 2015. 6. Final budget approval on or before September 30, 2015 by the Board of Education.

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Revenues

Property taxes for levy year 2014, fiscal year end 2016, are based on CPI of 1.5 percent in 2014, with expected total new money of 2 percent or approximately $1,262,880 in additional new revenue for fiscal year end 2016.

State Aid is expected to remain flat. Given the financial and political state of the State of Illinois, we have risk in losing approximately $1.7 million dollars in general state aid and categorical grants if the current version of school funding reform legislation were to pass. However, we believe that we can project flat funding based on the budget approved t h i s y e a r by the Illinois General Assembly. Of particular concern are a potential pension cost shift from the State of Illinois to the school districts and the possibility of a two-year property tax freeze.

Federal Aid is estimated to remain relatively flat, too. We have budgeted issuing bonds in December 2015 to fund the expansion and renovation of the Transition Center located at 7402 Clarendon Hills Rd and to pay down the Unfunded Actuarial Accrued Liability (UAAL) to the Illinois Municipal Retirement Fund (IMRF) which covers non-certified staff. Paying down the UAAL to IMRF will allow the our District to avoid a 7.5 percent “penalty” from IMRF and take advantage of higher returns that IMRF can generate with a more robust investment menu to choose from. Further, Administration is recommending that we purchase our own bonds in order to generate a higher return than our current more liquid investments. By self-financing, the District not only avoids consuming valuable reserves to fund construction, we also keep the interest payments to further benefit our educational mission. While interest rates remain at historic lows, the new investment strategies are showing benefit as can be seen in the investment analysis presented to the Board of Education in August 2015. In 2014 we earned $75,307 in interest compared to 2015 interest earnings of $198,563, which compares favorably to budgeted interest earnings for fiscal year-end of $194,788.

Expenditures

Salaries for fiscal year end 2016 are based on retirement projections of 11 employees retiring at the end of the fiscal year. The effective raise to certified personnel inclusive of retirement incentives is 2.1 percent, Administrative and support staff raises are budgeted at 2 percent consistent with the anticipated new money the District will receive. Athletics, Clubs, Stipends and Extra Duty expenditures represent $4.2 million dollars of the budget and represent an increase of approximately .5 percent. It is important to note that two new bargaining units have been recognized, the SEIU, representing buildings and grounds employees, and the IEA, representing para-professionals and student safety, but no raises have been budgeted for these groups pending negotiations.

Benefit costs remain troubling and are budgeted at a 12 percent increase. It is relevant to note that we have a seen insurance costs rise at a greater amount than had been the norm, creating a step change in the historical insurance cost from 7.7 percent to 10 percent.

We would like to thank all employees of the District for taking a tremendous step forward in budgeting as we attempted our first zero-based budgeting exercise. We look forward to the next year’s budget iteration to truly see the benefit of zero-based budgeting.

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Other

All Cabinet members were given expenditure summaries, salary control reports, and other accounting data in order to develop their budget requests. We remain committed to creating an overarching Special Education reporting system to help see what is spent on Special Education at a District and building level.

The final budget was the culmination of a process that included a tentative draft and the final budget document. The tentative draft was submitted on June 1, 2015 to the Board of Education for its review based on information received from each Cabinet member. The Board of Education formally adopted the tentative budget on June 15, 2015.

The tentative budget was displayed for public inspection from June 1, 2015 until September 21, 2015. On September 21, 2015, the District held a public hearing on the Budget and formally adopted the tentative budget as the final budget. There were no significant changes made from the tentative budget to the final budget.

Mission Hinsdale Township High School District 86 is a community of learners committed to education in an environment

that promotes excellence, respect, and responsibility. We believe . . .

- Learning is a lifelong process

- All students are capable of learning

- Respect for diversity is an integral part of education

- Students learn best in a safe and supportive environment

- Education is a shared responsibility among students, parents, the school, and the community

Goals The Board of Education conducted a Board retreat on July 11, 2015 and created goals that provide strategic direction to Administration. The goals listed below are followed by projects supporting the goals and individual administrator goals are aligned to the Superintendents goals which are aligned to these Board of Education goals:

1. Improved student well-being/socio-emotional learning 2. Improved special education services 3. Improved professional practice for certified personnel 4. Technology improvements, especially looking to a one-to-one initiative 5. Increased test scores 6. Increase in students’ college readiness 7. Financial stability 8. Better community involvement

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2015 – 2016 Board Projects

Renovate 7302 Clarendon Hills Road location for the new Transition Center Refresh Master Facilities Plan and identify Priority 1 goals and Priority 2 items and determine community

support through survey instruments during 2015-16 school year Contingent on survey, review funding options with Board of Education and potential construction schedules

for future implementation of Master Facilities Plan Comply with Performance Evaluation Review Act (PERA) as well as continue to explore expanding academic

student growth measures, with emphasis on building a consortium with feeder districts Provide professional development on teacher effectiveness, assessment practices, and student-ready learning

strategies Continue professional development on New Illinois Learning Standards (NILS) and Common Core alignment

with department chairs at both campuses Prepare teachers and students for new mandated state assessments, including PARCC and Dynamic Learning

Maps (DLM) for special needs students.

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Financial Summary The budget is developed within the guidelines predicated by the Illinois State Board of Education and is organized into a series of accounts called funds. Total revenue for all funds for District 86 is estimated at $101,151,288, and total expenditure appropriations amount to $101,130,465. The following pages summarize pertinent information for our stakeholders. While the summary is valuable we encourage all stakeholders to read the entire document and ask questions.

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Revenue Summary – All Funds

Local State Federal Total Other Sources

Actual FY 2012 $77,723,862 $3,818,580 $1,139,695 $36,517,398

Actual FY 2013 $79,656,235 $4,481,967 $1,175,001 $913,000

Actual FY 2014 $81,961,642 $3,551,358 $1,091,866 $326,260

Acutal FY 2015 $82,373,660 $3,977,581 $1,273,594 $692,026

Budget FY 2016 $84,791,071 $4,165,155 $1,354,922 $10,840,140

Projected FY 2017 $86,488,067 $4,094,831 $1,354,922 $8,500

Projected FY 2018 $88,198,160 $4,062,113 $1,354,922 $8,500

Projected FY 2019 $89,933,677 $4,040,580 $1,354,922 $8,500

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

$100,000,000

Actual FY 2012 Actual FY 2013 Actual FY 2014 Acutal FY 2015

Budget FY 2016 Projected FY 2017 Projected FY 2018 Projected FY 2019

Note: The large other revenue items in Fiscal Year End 2012 and 2016 are primarily bond issuances.

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Expenditure Summary – All Funds

Salaries BenefitsPurchased

ServicesSupplies And

MaterialsCapital Outlay Other Objects

Total OtherFinancing Uses

Actual FY 2012 $46,341,775 14,559,080 7,722,227 2,802,263 7,222,401 8,185,234 18,350,602

Actual FY 2013 $46,950,355 14,687,173 7,430,565 2,619,725 17,919,053 8,599,375 533,524

Actual FY 2014 $52,480,053 12,879,787 8,117,809 2,620,334 2,051,043 7,486,783 358,034

Acutal FY 2015 $53,821,595 12,846,120 9,150,794 2,592,203 2,987,907 7,611,571 692,026

Budget FY 2016 $54,517,935 16,210,267 9,467,378 3,356,583 4,456,817 7,089,845 6,031,640

Projected FY 2017 $55,460,242 14,251,327 9,406,390 3,356,583 2,356,817 7,333,204 -

Projected FY 2018 $56,530,666 15,416,401 9,547,485 3,356,583 2,356,817 7,588,731 -

Projected FY 2019 $57,622,156 16,693,521 9,690,698 3,356,583 2,356,817 7,857,034 -

$-

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

Actual FY 2012 Actual FY 2013 Actual FY 2014 Acutal FY 2015


Note: The column labeled Total Other Financing Uses primarily represents transfers from one fund to another.

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Budget Trends Property taxes have historically provided the majority of our revenue on the order of 94 percent of total revenue. As we look to the future, we expect that total revenue provided by local sources to climb closer to 98 percent. Property tax caps have been in place since 1991 and limit property tax growth to the increase of the consumer price index (CPI) (.8% for the 2015 levy that will fund the 2016 – 17 school year) or 5%, whichever is less. Property tax caps are also affected by new construction, which is expected to bring additional .5 percent revenue.

District 86 has earned a AAA rating by Standard & Poor’s by keeping its financial house in order. However, District 86 needs to maintain a reserve balance for unforeseen items and to keep the AAA bond rating. Ratings agencies typically look for a reserve of three to three and half months of expenditures.

Budget Projected Projected Projected

Revenue Source FY 2016 FY 2017 FY 2018 FY 2019Local 84,791,071$ 86,488,067$ 88,198,160$ 89,933,677$

State 4,165,155 4,094,831 4,062,113 4,040,580

Federal 1,354,922 1,354,922 1,354,922 1,354,922

Total Other Sources 10,840,140 8,500 8,500 8,500

Total Revenue 101,151,288$ 91,946,320$ 93,623,695$ 95,337,679$

Expenditure Item

Salaries 54,517,935$ 55,460,242$ 56,530,666$ 57,622,156$

Benefits 16,210,267 14,251,327 15,416,401 16,693,521

Purchased Services 9,467,378 9,406,390 9,547,485 9,690,698

Supplies And Materials 3,356,583 3,356,583 3,356,583 3,356,583

Capital Outlay 4,456,817 2,356,817 2,356,817 2,356,817

Other Objects 7,089,845 7,333,204 7,588,731 7,857,034

Total Other Financing Uses 6,031,640 - - -

Total Expenditures 101,130,465$ 92,164,563$ 94,796,683$ 97,576,809$

Surplus / (Deficit) 20,823$ (218,243)$ (1,172,988)$ (2,239,130)$

Beginning Fund Balance $19,390,667 $19,411,490 $19,193,247 $18,020,259

Ending Fund Balance $19,411,490 19,193,247$ 18,020,259$ 15,781,130$

September 1, 2015

Hinsdale High School District 86

Budgeted and Projected Fund Balance

The projected annual expenditures average almost $95 million dollars and $7.9 million dollars on a monthly basis. As

such, we should have a minimum fund balance of approximately $23.7 million dollars. Further, please note that the

projections show a building deficit which Administration will work to correct and will bring a balanced budget in the

future as has been done in the past. Looking to the budgeted fund balance of $19.4 million dollars, we remain just

short of the desired ending fund balance.

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Real Estate Taxes

$84,791,071

$86,488,067

$88,198,160

$89,933,677

$82,000,000

$83,000,000

$84,000,000

$85,000,000

$86,000,000

$87,000,000

$88,000,000

$89,000,000

$90,000,000

$91,000,000

Real Estate Taxes


Salaries and Benefits

$-

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

Budget FY2016

Projected FY2017

Projected FY2018

Projected FY2019

Salaries Benefits

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Individual Fund Summary Education Fund The Education Fund is the largest fund and contains budgets necessary to provide for the basic instruction of all students and the day-to-day educational activities of District 86. The Education Fund budgeted revenues are $72,649,041 and budgeted expenditures are $73,507,466.

Operations and Maintenance Fund The Operations and Maintenance Fund contains budgets necessary to maintain the buildings and grounds of District 86 and includes expenditures for custodial services as well as utility costs. The Operations and Maintenance Fund budgeted revenues are $10,343,308 and budgeted expenditures are $9,248,663.

Bond and Interest Fund The Bond and Interest Fund has budgeted revenues of $1,838,192 and expenditures of $1,823,680. One debt service fund is utilized for all bond issues, present and future.

Transportation Fund The Transportation Fund contains budgets necessary for the transportation of students in support of the day-to-day educational activities of District 86. Transportation Fund budgeted revenues are $3,064,009 and budgeted expenditures are $3,369,189.

Municipal Retirement Fund The Municipal Retirement Fund contains budgets for the District’s contribution to Social Security (FICA) and Illinois Municipal Retirement Fund (IMRF) for all eligible employees of District 86. The IMRF and FICA Fund budgeted revenues are $5,412,515 and budgeted expenditures are $5,418,383.

Capital Projects Fund The Capital Projects Fund is used to account for non-Life Safety Capital expenditures. The revenue budgeted in this fund for this fiscal year is for the renovation and expansion of our Transition Center for qualifying special education students. Total revenue budgeted is $2,300,186 and expenditures are $2,300,000.

Working Cash Fund The Working Cash Fund enables the Board to have in its treasury moneys to assist in the District’s short-term cash flow needs. The revenue in the fund this school year is due to a bond issuance of $4.8 million dollars that will be abated to the IMRF fund, $2.5 million dollars, to allow for a pay down of the District’s IMRF Pension Liability and abated to the Capital Projects Fund, $2.3 million dollars, to fund the construction at the Transition Center. Budgeted revenues are $4,835,905 and budgeted expenditures are $4,800,000.

Tort Fund The Tort Fund primarily funds insurance and risk management for District 86. Budgeted revenue is $708,132 and budgeted expense is $663,084.

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Informational Summary

Changes in Debt District 86 intends to issue $4.8 million dollars of debt in order to expand and renovate the transition center, $2.3 million dollars, and to pay down the unfunded pension liability (UAAL) due to the Illinois Municipal Retirement Fund (IMRF), $2.5 million dollars. Paying down the IMRF pension liability allows District 86 to avoid “penalties” and to take advantage of a more robust investment that IMRF can take advantage of that District 86 is prohibited from by law. Further, the District will be self-funding or buying the bonds to allow interest payments to stay within the District. The bonds will be able to be sold on the open market if liquidity issues should arise.

Personnel Trends

The number of full-time employees working for District 86 at this time is 602. The number of full-time staff for the District has remained relatively consistent, with a slight tightening of services over the past few years and all programs remaining funded with student enrollment stable. Our expectations for the future are that position totals remaining steady.

Student Enrollment Trends

While forecasts indicated that enrollment would remain essentially flat for fiscal year 2016, students number 4,418 compared to 4,410 for fiscal year 2015. No adjustment has been made in the budget for this minor change. At this point, projections show that the District enrollment will continue to show patterns of slight fluctuation for the foreseeable future.

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Tax Base and Tax Burden Trends

The assessed value of taxable property within the District has declined since 2010. Although property values have not recovered losses since 2010, they have been steadily increasing since 2014. Expectations for the future are for property values to stabilize, based on the current economic situation locally and nationally and then increase at modest levels

$5,879.5

$5,449.5

$5,004.2

$4,771.1 $4,751.5 $4,838.8

$4,911.4 $5,009.6

$4,000.0

$4,200.0

$4,400.0

$4,600.0

$4,800.0

$5,000.0

$5,200.0

$5,400.0

$5,600.0

$5,800.0

$6,000.0

2010 2011 2012 2013 2014 2015Projected

2016Projected

2017Projected

Equalized Assessed Value (EAV) in Millions $

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The tax burden on an individual taxpayer has fluctuated in these uncertain times. In fact, we have seen a phenomenon of a reduced tax burden to homeowners with higher-valued homes. Essentially, homeowners with a home valued at $500,000 have a larger share of the EAV than they have had in previous years generating a higher tax bill. We have spent a significant amount of time trying to educate our tax payers that even if there were a tax freeze or when the District asked for no new money, a homeowner’s tax bill could still rise depending on their home value.

The chart below depicts the relationship of a taxpayer’s home value (red line), absolute dollar cost of the tax bill (green line) and tax rate (purple line) against the overall levy request of District 86. It is important to note that the tax rate is not an indicator of efficency or effectiveness. Tax rate is simply an output of the total levy request divided by the equalized assessed value in District 86.

$-

$100.0

$200.0

$300.0

$400.0

$500.0

$600.0

$700.0

$800.0

$900.0

District 86 Total Funding Request Home Value Taxes for a $600K Home Tax Rate (Capped)

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Performance Results

Given that District 86 is a high school district, we evaluate our performance on slightly different measures than a consolidated or K – 8 district. For freshmen, we look to a measures of students who are on track to graduate.

Students identified as "on track" have earned at least five full-year course credits (10 semester credits) and have earned no more than one semester "F" in a core course (English, math, science or social science). Course credits from summer sessions are not included in this calculation. A freshman on track is a key predictor of high school success. Students who finish the ninth grade year on track are almost four times as likely to graduate from high school as students who are not on track. Research1 shows that students on stay track and the graduation rate rises when schools actively identify freshmen at risk and providing tutoring, additional instruction and other individualized interventions.

1 Geiser, Saul and Santelices, Maria (2007). Validity Of High-School Grades In Predicting Student Success Beyond The Freshman

Year:High-School Record vs. Standardized Tests as Indicators of Four-Year College Outcomes. Research & Occasional Paper Series CSHE.6.07. Retrieved from: http://www.cshe.berkeley.edu/publications/validity-high-school-grades-predicting-student-success-beyond-freshman-yearhigh-school

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2014 2015

District 86 State of Illinois

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http://www.cshe.berkeley.edu/publications/validity-high-school-grades-predicting-student-success-beyond-freshman-yearhigh-school

http://www.cshe.berkeley.edu/publications/validity-high-school-grades-predicting-student-success-beyond-freshman-yearhigh-school

For graduating seniors we look to our students’ performance on the ACT as well as ACT College Readiness scores.

5-Year Trend Of Composite ACT Scores National, State and District School Comparison

Graduation Year

National Composite

ACT

State Composite

ACT

District Composite

ACT

2011 21.1 20.9 24.9

2012 21.1 20.9 25.1

2013 20.9 20.6 25.2

2014 21.0 20.7 25.1

2015 21.0 20.7 25.3

ACT College Readiness Benchmarks Percent of ACT Tested Students Ready for College-Level Coursework

Meeting Bench Marks in All 4 Areas Class of 2015

Hinsdale Township District 86

Graduation Year

National Average

State Average

District Average

2014 26% 26% 55%

2015 28% 26% 57%

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District 86 also considers Advanced Placement (AP) class enrollment and test performance.

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The success of our students who are supported by all District 86 staff culminates into consistently being named among America’s most elite high schools as demonstrated in our National Merit scores.

Year AP Scholar

AP Scholar with

Honor

AP Scholar with

Distinction

National AP

Scholar

Total

Scholars

Total

Enrollment

Percent

low-income

students

2011 64 40 68 16 188 1,791 20%

2012 59 27 90 22 198 1,728 23%

2013 68 35 85 28 216 1,690 23%

2014 74 43 85 22 224 1,608 30%

2015 78 46 94 20 238 1,666 32%

Year AP Scholar

AP Scholar with

Honor

AP Scholar wiht

Distinction

National AP

Scholar

Total

Scholars

Total

Enrollment

Percent

low-income

students

2011 121 96 148 33 398 2,782 4%

2012 100 73 198 56 427 2,804 4%

2013 140 95 196 54 485 2,861 5%

2014 157 76 212 62 507 2,806 5%

2015 146 92 233 55 526 2,798 8%

HINSDALE SOUTH

2015 National AP Scholar Recognition

Hinsdale Township District 86

HINSDALE CENTRAL

Award Criteria

AP Scholar

AP Scholar with Honor

AP Schools w/ Distinction

National AP Scholar

Granted to students who receive scores of 3 or higher on three or more AP examsGranted to students who receive an average score of at least 3.25 on all AP Exams taken

and scores of 3 or higher on four or more of these examsGranted to students who receive an average score of at least 3.5 on all AP Exams taken

and scores of 3 or higher on five or more of these examsGranted to students in the United States who receive an average score of at least 4 on all

AP Exams taken and scores of 4 or higher on eight or more of these exams

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Financial Summary

The budget is developed within the guidelines predicated by the Illinois State Board of Education and is organized into a series of accounts called funds. Total revenue for all funds for the School District is estimated at $101,151,288 and total expenditure appropriations amount to $101,130,465.

The Education Fund projects revenues of $72,649,041 and expenditures of $73,507,466,

resulting in a projected deficit for 2015-2016 of ($858,425).

The Operations and Maintenance Fund budget projects revenues of $10,343,308 and

expenditures of $9,248,663 , resulting in a projected surplus for 2015-2016 of $1,094,645.

The Bond and Interest Fund projects revenues of $1,838,192and expenditures of $1,823,680, resulting in a projected surplus for 2015-2016 $14,512.

The Transportation Fund budget projects revenues of $3,064,009 and expenditures of

$3,369,189, resulting in a projected deficit for 2015-2016 of ($305,180)

The IMRF/Social Security/Medicare Fund projects revenues of $5,412,515 and expenditures of $5,418,383, resulting in a projected deficit of ($5,868)

The Capital Project Fund projects expenditures of $2,300,186 and expenditures of

$2,300,000, resulting in a projected surplus of $186. The Working Cash Fund projects revenues of $4,800,000 for 2015-2016, and a transfer

of $2,300,000 to the Capital Project Fund and $2,500,000 to the Illinois Municipal Retirement Fund.

Awards

This is the first year in the history of District 86 that we are applying for the Meritorious Budget Award for both the Association of School Business Officials International (ASBO) as well as the Government Finance Officers Association (GFOA). The effort that has gone into this document reflects the commitment of the Board of Education and Administration to meeting the highest principles of governmental budgeting.

Additionally, in 2015 Hinsdale High School District 86 received the following awards:

The Association of School Business Officials (ASBO) International Certificate of Excellence in

Financial Reporting award to District 86. The Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence

in Financial Reporting Program. It is important to note this was the first time District 86 submitted to GFOA.

District 86 students have earned several national honors o Business Professionals of America’s National Competition (22 students) o Forensics Academic All-American Team (5 students) o National School of Character, Character Education Partnership o National Speech Tournament (3 students) o Literary Magazine - Gold Medal, Columbia Scholastic Press Association

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o National World Language Exams, Perfect Scores – Latin (3 students), French (1 student), German (1 student)

o National High School All-American Soccer Game (2 players selected) o National Scholastic Press Association All-American Rating - Vespa Yearbook o Columbia Scholastic Press Association Gold Medalist Certificate - Vespa Yearbook o Newsweek High School Ranking - #22 in Illinois, #389 in Nation o Washington Post - America's Most Challenging High Schools, 2013 o National School Library Program of the Year, 2012

Summary

The proposed budget demonstrates commitment to continuing our tradition of excellence at District 86 by financially supporting a culture of high expectations for all members of District 86. We will work together to face the uncertainty in the state of Illinois and the potential elimination of state funding as well as shifting the pension burden for certificated personnel to local districts from the state. The proposed plan balances the resources that we have been given by the community against a vetted list of priorities that aligns to the Board of Education strategic goals. Most importantly, it supports the number one goal of preparing our communities future leaders to be successful and continue the tradition of excellence our community expects. Respectfully Submitted, _______________________ ____________________ Dr. Bruce Law Bill Eagan Superintendent Chief Financial Officer

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weagan

Stamp

weagan

Stamp

ORGANIZATIONAL SECTION

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Mission and Vision Statements

District 86 Vision Statement

Hinsdale Township High School District 86 is a community of learners committed to education in an environment that promotes excellence, respect, and responsibility. We believe…

Learning is a lifelong process

All students are capable of learning

Respect for diversity is an integral part of education

Students learn best in a safe and supportive environment

Education is a shared responsibility among students, parent, the school, and the community.

Hinsdale Township High School District 86 is located approximately 20 miles west of Chicago’s Loop and is home to a concentration of professional, executive, managerial families, major corporate headquarters and commercial centers. The District is comprised of three schools: Hinsdale Central High School, Hinsdale South High School and the District 86 Transition Center serving students in DuPage and Cook Counties from the suburbs of Burr Ridge, Clarendon Hills, Hinsdale, Darien, Downers Grove, Oak Brook, Westmont, and Willowbrook. Just over 4,300 students attend the two high schools – over 2,800 at Central and over 1,500 at South. With close to 300 courses, nearly 60 clubs and activities, and 28 interscholastic sports available to District 86 students in each building, educational opportunities abound. Students have taken advantage of all of these opportunities to the extent that nearly 98 percent of all District 86 graduates matriculate to a college or university of their choice. The District’s Transition Center serves nearly 30 post-secondary students offering an adult-centered program that prepares students for adulthood success while promoting opportunities for independence in the areas of: employment, post-secondary education and training, independent living skills, and community. Each school has a unique Mission and Vision statement:

Hinsdale Central Vision Statement

The expectation of excellence is rooted in the traditions of Hinsdale Central. In an environment that fosters a desire to learn, all members of the organization are committed to educating each student. In order for us to succeed, we must clearly identify standards we will work to achieve and maintain. These standards are identified in several areas and will be the benchmarks by which we will measure our success:

Climate All members of our community are responsible for providing a climate that contributes to our success and a high school experience that builds a sense of pride we all share. In our school we:

provide a safe and secure environment that is conducive to learning

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recognize that all relationships are based on respect for others and an understanding of each person’s responsibility for his/her behavior

understand school rules and policies exist to support our organization and are consistently applied by all staff

recognize the achievements of all members

encourage and model behaviors appropriate to the development of character.

Community The educational community recognizes the importance of maintaining a partnership between the school and community at large. In our school we:

seek ways to improve the quality of communication between the home and school

always provide a clear rationale for policies and practices

share information that is important in a timely manner

recognize that the more our community is involved and informed, the more successful we will be.

Staff Attracting and retaining outstanding people is a must if we are to move toward our vision. In our school we:

demonstrate our support for a shared vision and a common sense of purpose encourage all members of the organization to be leaders and experts in their fields promote collaboration and collegial decision-making on matters relating to students,

curriculum, instruction, and school improvement initiatives facilitate the growth of our students.

Students The degree to which we measure our success in attaining this vision is by each student’s progress. We will provide opportunities that facilitate this growth. In our school we:

work to meet students’ needs encourage students to reach their potential in all they do, and to become self-directed learners teach students to accept responsibility for their actions encourage students to get involved in their school and in their community let students know we believe in them and will find ways for them to succeed based on their

ability and interests.

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Hinsdale South Vision Statement “A Partnership in Learning” We will achieve the vision of Hinsdale South High School by creating an exemplary learning community where everyone seeks and implements strategies for improving student achievement; facilitates student growth; unites to achieve definite goals with common purpose; and demonstrates a commitment to the success and well-being of all members. The purpose of the Vision Mission committee is to ensure that the procedures, programs and activities of HSHS are aligned with the Vision Mission adopted. Toward that end, the Vision Mission Committee will:

Promote the Vision and Mission

Review existing procedures, programs and activities to affirm their alignment with and service to

the Vision and Mission

Appraise new procedures, programs and activities to encourage alignment with and service to

the Vision and Mission

Identify opportunities for enhancement of and or addition to procedures, programs and

activities to enable HSHS to better strive toward its Vision and Mission.

Transition Center Mission: To implement an innovative, adult-centered community program through collaborative approach that prepares students for adulthood success while promoting opportunities for independence in the areas of: employment, post-secondary education and training, independent living skills, and community. The Transition Center staff work as a team to meet the needs of all our young adults. We focus on strengthening the following skills with all our young adults. Goals:

Increase independence in adult living situations

Improve self-determination skills

Improve social and communication skills

Increase leisure, recreation, and life skills

Experience work-based learning and volunteer work

Prepare for community living and participation.

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District 86 Goals

The Board of Education conducted a Board retreat on July 11, 2015 and created goals that provide strategic direction to Administration. The goals listed below are followed by projects supporting the goals and individual administrator goals are aligned to the Superintendents goals which are aligned to these Board of Education goals:

1. Improved student well-being/socio-emotional learning 2. Improved special education services 3. Improved professional practice for certified personnel 4. Technology improvements, especially looking to a one-to-one initiative 5. Increased test scores 6. Increase in students’ college readiness 7. Financial stability 8. Better community involvement

Administration has developed goals to support the goals of the Board of Education.

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Boundary Map

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Planning Calendar

DATE ACTIVITY RESPONSIBILITY

January PTELL (CPI) Available Business Office

February Staffing

PMA Model Update based on PTELL

Review PMA Model Update with Finance Committee

FYE 2016 Budget Assumptions

Board of Education will establish the fiscal year to begin July 1, 2015 and end June 30, 2016. Board will also authorize the Superintendent to prepare tentative budget for the upcoming year

Human Resources

Business Office

Business Office

Business Office/Finance Committee

Superintendent/Business Office

March

Department proposals for supplies and capital equipment submitted

Summer 2015 Facilities Improvements (CAPEX)

Finalized Staffing levels

Tax Extension received and reviewed

Principals/Department Chairpersons/Building and Grounds/Business Office

Facilities Committee/Business Office

Human Resources

Business Office

April

Budget roll up and review with buildings and Cabinet

Business Office

May

Tentative Budget reviewed with Finance Committee

Business Office

June

Adopt Tentative FY2016 Budget

Board authorizes publication of notice and placement of Tentative Budget on public display and District website

Board of Education/Business Office


July Publish FY2016 Budget “Notice of Public Hearing” legal notice

Business Office

September Public Hearing for, and subsequent adoption of, the FY2016 Budget


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District Organizational Chart

Public

District 86 Board of Education

Executive Assistant & Board Secretary

Superintendent of Schools

Ast. Superintendent

Student Services

Ast. Superintendent

Academics

AAddmmiinniissttrraattiivvee AAssssiissttaannttffoorr AAccaaddeemmiiccss

Principals

Chief Human Resources

Officer

AAddmmiinniissttrraattiivvee AAssssiissttaannttffoorr

HHuummaannRReessoouurrcceess

Chief Financial

Officer & Treasurer

School Building & Grounds Directors

Administrative Assistant for

AAddmmiinniissttrraattiivvee AAssssiissttaannttffoorrSSppeecciiaall

EEdduuccaattiioonn

HR Assistant Benefits Coordinator Finance & FOIA Officer

Director of Fiscal Services

Director of Technology

Director of

Financial Controls

Director of Student Services

Directors of Special Education

Accounts Payable

Payroll Coordinator General Ledger

Coordinator

District Programmer Purchasing Supervisor

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District Financial Structure Nature of Operations, Financial Reporting Entity, Measurement Focus, Basis of Accounting and Basis of Presentation, and Significant Accosting Policies. The District operates as a 9 – 12 grade public school system under the direction of its Board of Education in Hinsdale, Illinois. The District is fiscally independent. Financial Reporting Entity: Generally Accepted Accounting Principles (GAAP) require that that financial statements of the reporting entity include:

1. The primary government 2. Organizations for which the primary government is financially accountable 3. Other organizations for which the nature and significance of their relationship with the primary

government are such that exclusion would cause the reporting entity’s financial statements to be misleading or incomplete.

The criteria provided in the Government Accounting Standards Board (GASB) Statement No. 14 have been considered and there are no agencies or entities, which should be presented with the District. Measurement Focus, Basis or Accounting and Basis of Presentation: The accounts of the District are organized and operated on a basis of funds. A fund is an independent fiscal and accounting entity with a self-balancing set of accounts. Fund accounting segregates funds according to their intended purposes and is used to aid management in demonstrating compliance with finance-related legal and contractual provisions. The minimum number of funds is maintained consistent with legal and managerial requirements. The funds of the District are classified into two categories: Governmental and Fiduciary. Governmental fund types are used to account for the District’s general government activities, including the collection and disbursement of specific or legally restricted monies, the acquisition or construction of general fixed assets and the servicing of general long-term debt. Governmental funds use the flow of current financial resources, measurement focus and the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenue is recognized when it becomes susceptible to accrual, i.e., when it becomes “measurable and available”. Measurable means the amount of the transaction can be determined and available means collectible within the current period or soon enough thereafter to pay liabilities of the current period. The District considers taxes collected in May and June (“early taxes”) of the current fiscal year unearned and defers those revenue to the next fiscal year for which the levy is intended to benefit. Expenditures are recognized when the related fund liability is incurred, except for unmatured interest on general long-term debt which is recognized when due, and certain compensated absences and claims and judgments which are recognized when the obligations are expected to be liquidated with available financial resources. Fiduciary Funds: The District is the trustee, or fiduciary, for assets that belong to others, such as the student activities funds. The District is responsible for ensuring that the assets reported in these funds are used only for their intended purposes and by those to whom the assets belong. The District excludes these activities from the government-wide financial statements because it cannot use these assets to finance its operation.

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Property and personal property replacement taxes, charges for services and interest are susceptible to accrual. Miscellaneous revenue items, which are not susceptible to accrual, are recognized as revenue only as they are received in cash. Entitlements and grants are recognized as revenue at the time of receipt or earlier if they meet the criteria of being susceptible to accrual. Expenditure driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other grant requirements have been met. Governmental fund types include the following: The General Fund is the District’s primary operating fund. It accounts for all financial resources of the District, except those required to be accounted for in another fund. The District uses two departmental accounts to summarize its operating fund activities, the Educational Fund and the Operations and Maintenance Fund. Special Revenue Funds account for the revenue sources that legally restricted to expenditures for specific purposes. The Districts three special revenue funds are the Transportation Fund, Municipal Retirement Fund and the Working Cash Fund. The Debt Service Fund accounts for the servicing of the general long-term debt of the District. Capital Project Funds account for the acquisition of the capital assets or construction of the major capital projects of the District. The District maintains the Capital Project Fund for its capital projects. Fiduciary fund types are used to account for assets held by the District in a trustee capacity or as an agent on behalf of others. The significant accounting policies followed by the District include the following: Property taxes: Property tax revenue represents 100 percent of the 2014 estimated property tax levy collections. The 2014 tax levy was passed by the Board of Education on December 15, 2014 and attached as an enforceable lien on the property as of January 1, 2015. The taxes become due and collectible in May and September 2015, and are collected by the county collector, who in turn remits to the District its respective share. An allowance for the estimated uncollectible taxes has been provided equal to approximately .3 percent of the tax levy amount. Compensated absences: Certified employees working less than twelve months a year do not earn vacation days, however, full-time employees working twelve months a year earn vacation days which vest as they accrue. Vacation pay, which vests and is expected to be liquidated with expendable available financial resources, is reported as an expenditure and fund liability of the governmental fund. Amounts not expected to be liquidated with available financial resources are reported in the general long-term debt account group. Substantially all full-time employees receive twelve sick days and four personal days per year. Non-certified employees may accumulate 240 sick days and certified personnel may accumulate 360 sick days. These accumulated sick days do not vest.

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District Legal Status The official name of the District shall be Township High School District Number 86. It shall be the responsibility of the District to provide quality education for children residing within its boundaries in grades nine through twelve. The legal status for the operation of the District is derived from Article X entitled, “Education in the Constitution of the State of Illinois.” The Constitution of Illinois holds the legislators responsible by stating: “The State shall provide for an efficient system of high quality educational institutions and services. Education in public schools through the secondary level shall be free. There may be such other free education as the General Assembly provides by law. The State has the primary responsibility for financing the system of public education.” The General Assembly has implemented the Illinois constitutional mandate to "provide for an efficient system of high quality public educational institutions and services" through the creation of public school districts of various types. Hinsdale Township High School District 86, DuPage and Cook Counties, is established under and governed by the laws set forth in the Illinois School Code for school districts having a population of fewer than 100,000 inhabitants. The District constitutes a body corporate which possesses all the usual powers of a corporation for public purposes, and in that name may sue and be sued, purchase, hold and sell personal property and real estate, and enter into such obligations as are authorized by law. The area served by Hinsdale Township High School District 86 is approximately twenty-nine square miles and lies primarily within the boundaries of Downers Grove Township.

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District Financial Policies The Districts financial policies follow. It is important to note that the District will be reviewing all financial policies with the Policy Committee and the Board of Education this school year.

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Policy 4:10 Operational Services

The Superintendent is responsible for the School District’s fiscal and business management. The Board shall periodically set cash reserve levels tied to operating funds. This responsibility includes annually preparing and presenting the District’s statement of public affairs to the Board of Education and publishing it before December 1, as required by State law.

The Superintendent shall ensure the efficient and cost-effective operation of the District’s

business management.

Budget Planning The District’s fiscal year is from July 1 until June 30. The Superintendent shall present to the Board of Education, no later than the first regular meeting in July, a tentative budget with appropriate explanation. This budget shall represent the culmination of an ongoing process of planning for the fiscal support needed for the District’s educational program.

Preliminary Adoption Procedures After receiving and reviewing the Superintendent’s proposed budget, the Board of Education sets the date, place, and time for: 1. A public hearing on the proposed budget, and 2. The proposed budget to be available to the public for inspection. The Board of Education

Secretary shall arrange to publish a notice in a local newspaper stating the date, place, and time of the proposed budget’s availability for public inspection and the public hearing. The proposed budget shall be available for public inspection at least 30 days before the time of the budget hearing.

At the public hearing, the proposed budget shall be reviewed and the public shall be invited to comment, question, or advise the Board of Education.

Final Adoption Procedures The Board of Education adopts a budget before the end of the first quarter of each fiscal year (September 30), or by such alternative procedure as State law may define.

The Board of Education adopts the budget by roll call vote. The budget resolution shall be incorporated into the meeting’s official minutes. Board of Education members’ names voting yea and nay shall be recorded in the minutes. The District’s budget shall be entered upon the Illinois State Board of Education’s “School District Budget Form.”

The Superintendent or designee shall post the District’s final annual budget, itemized by receipts and expenditures, on the District’s Internet website as required by law.

The Superintendent or designee shall file a certified copy of the budget resolution and an estimate of revenues by source anticipated to be received in the following fiscal year (certified by the District’s chief fiscal officer) with the County Clerk within 30 days of the budget’s adoption.

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Property Tax Levy The Superintendent or designee shall: (1) make all preparations necessary in order for the Board to timely file its Certificate of Tax Levy, including preparations to comply with the Truth in Taxation Act, and (2) file a Certificate of Tax Levy with the County Clerk, on or before the last Tuesday in December. The Certificate lists the amount of property tax money to be provided for the various funds in the budget.

Any amendments to the budget or Certificate of Tax Levy shall be made as provided in The School Code and Truth in Taxation Act.

Budget Amendments The Board of Education may amend the budget by the same procedure as provided for in the original adoption.

Implementation

The Superintendent or designee shall implement the District’s budget and provide the

Board of Education with a monthly financial report that includes all deficit fund balances.

The amount budgeted as the expenditure in each fund is the maximum amount, as

stated in The School Code, that may be expended for that category, except when a

transfer of funds is authorized by the Board of Education. Expenditure amount shall not

exceed amounts as required by The School Code. The Board of Education shall act on:

All interfund loans, interfund transfers, and transfers within funds. All transfers from one program to another.

All expenditures that are to be charged to a contingency account, if such an account

exists.

LEGAL REF.: 35 ILCS 200/18-55 et seq. 105 ILCS 5/10-17, 5/10-22.33, 5/17-1, 5/17-1.2, 5/17-2A, 5/17-3.2, 5/17-11, 5/20-

5, and 5/20-8.

ADOPTED:

January 24, 2005

REVIEWED AND ADOPTED October 21, 2013

CROSS REF.: 6:235 (Access to Electronic Networks)

*Policies on this subject are required by law

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http://policy.microscribepub.com/cgi-bin/om_isapi.dll?clientID=230904562&infobase=illinois.nfo&jump=6235&softpage=PL_frame&JUMPDEST_6235

Hinsdale Township High School District 86 4:30

Policy 4:30 Revenue and Investment of School Funds

Revenue – Investment of School District Funds

In accordance with the Illinois Public Funds Investment Act, 30 ILCS 235/0/0.1 et seq. (the "Act"), the School District shall maintain a set of procedures for the investment of School District funds that includes the following elements:

1. A listing of authorized investments.

2. The standard of care that must be maintained by the persons investing the public funds.

3. Investment and diversification guidelines that are appropriate to the nature of the funds, the purpose for the funds, and the amount of the public funds within the investment portfolio.

4. Guidelines regarding collateral requirements, if any, for the deposit of public funds in a financial institution made pursuant to the Act, and, if applicable, guidelines for contractual arrangements for the custody and safekeeping of that collateral.

5. A system of internal controls and written operational procedures designed to prevent losses of funds that might arise from fraud, employee error, misrepresentation by third parties, or imprudent actions by employees of the District.

6. Performance measures that are appropriate to the nature of the funds, the purpose for the funds, and the amount of the public funds within the school district's investment portfolio.

7. Appropriate periodic review of the investment portfolio, its effectiveness in meeting the District's needs for safety, liquidity, rate of return, and diversification, and its general performance.

8. At least quarterly written reports of investment activities by the Treasurer for submission to the Board of Education and the Superintendent, including information regarding securities in the portfolio by class or type, book value, income earned, and market value as of the report date.

9. A procedure for the selection of investment advisors, money, managers, and financial institutions.

10. A policy regarding ethics and conflicts of interest. The Treasurer of the School District shall establish and submit such procedures for the Board's approval and shall periodically review and propose needed amendments thereto. Such procedures and this policy shall be kept available at all times for public review at the School District's administrative offices.

LEGAL REF.: 30 ILCS 235/1 et seq.

105 ILCS 5/8-7, 5/17-1, and 5/17-11.

CROSS REF.: 2:100 (Board Member Conflict of Interest), 4:10 (Fiscal and

Business Management)

ADOPTED: January 24, 2005

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Policy 4:40 Incurring Debt Incurring Debt The Superintendent shall provide early notice to the School Board of the District’s need to borrow money. The Superintendent or designee shall prepare all documents and notices necessary for the Board, at its discretion, to: (1) issue State Aid Anticipation Certificates, tax anticipation warrants, working cash fund bonds, bonds, notes, and other evidence of indebtedness, or (2) establish a line of credit with a bank or other financial institution. The Superintendent shall notify the State Board of Education before the District issues any form of long-term or short-term debt that will result in outstanding debt that exceeds 75% of the debt limit specified in State law.

LEGAL REF.: 30 ILCS 305/2 and 352/1 et seq. 50 ILCS 420/. 105 ILCS 5/17-16, 5/17-17, 5/18-18, and 5/19-1 et seq.

CROSS REF.: 4:10 (Fiscal and Business

Management) ADOPTED: October 19 2015

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Policy 4:45 Insufficient Funds Checks and Debt Recovery

Insufficient Fund Checks and Debt Recovery

Insufficient Fund Checks The Superintendent or designee is responsible for collecting up to the maximum fee authorized by State law for returned checks written to the District that are not honored upon presentation to the respective bank or other depository institution for any reason. The Superintendent is authorized to contact the Board Attorney whenever necessary to collect the returned check amount, fee, collection costs and expenses, and interest. Delinquent Debt Recovery The Superintendent is authorized to seek collection of delinquent debt owed the District to the fullest extent of the law. A Local Debt Recovery Program may be available through the Illinois Office of the Comptroller (IOC) in the future. To participate in it, an intergovernmental agreement (IGA) between the District and the IOC must be in existence. The IGA establishes the terms under which the District may refer a delinquent debt to the IOC for an offset (deduction). The IOC may execute an offset, in the amount of the delinquent debt owed to the District, from a future payment that the State makes to an individual or entity responsible for paying the delinquent debt. The Superintendent or designee shall execute the requirements of the IGA. While executing the requirements of the IGA, the Superintendent or designee is responsible, without limitation, for each of the following:

1. Providing a District-wide, uniform, method of notice and due process to the individual or entity against whom a claim for delinquent debt payment (claim) is made. Written notice and an opportunity to be heard must be given to the individual or entity responsible for paying a delinquent debt before the claim is certified to the IOC for offset. The notice must state the claim’s amount, the reason for the amount due, the claim’s date or time period, and a description of the process to challenge the claim. An individual or entity challenging a claim shall be provided an informal proceeding to refute the claim’s existence, amount, or current collectability; the decision following this proceeding shall be reviewable. If a waiver of student fees is requested as a challenge to paying the claim, and the waiver of student fees is denied, an appeal of the denial of a fee waiver request shall be handled according to 4:140, Waiver of Student Fees. If no waiver of student fees is requested, reviews regarding payment of the claim shall be handled according to this policy before certification to the IOC for offset.

2. Certifying to the IOC that the debt is past due and legally enforceable, and notifying the IOC of any change in the status of an offset claim for delinquent debt.

3. Responding to requests for information from the IOC to facilitate the prompt resolution of any administrative review requests received by the IOC.

LEGAL REF.: 15 ILCS 405/10.05 and 10.05d.

810 ILCS 5/3-806.

ADOPTED: October 19 2015

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FINANCIAL SECTION

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Summary of All Funds

Revenue

In the State of Illinois, school districts are required to use at least two components in their accounting codes for identifying revenues. The first way revenues are required to be identified is by fund. According to the Illinois State Board of Education’s (ISBE) Accounting Manual, a fund is “an independent fiscal and accounting entity requiring its own set of self-balancing accounts, which is created in accordance with special regulations, restrictions, and limitations that earmark each fund for a specific activity or for attaining certain objectives.” Below is a list of the funds that district is actively using with a brief description of their purpose.

Fund # Fund Description

10All instructional and support services tied to

providing educational services

20Operation and maintenance of district

buildings and grounds

30Funds payment of district's short and long-

term liabilities

40All transportation tied to student instruction,

athletics, and activities

50Funds required retirement payments to IMRF

and Social Security

60Used for capital improvement work being

financed by debt

70Used to balance other fund defeciencies and

assist in cash flow needs

80 Legal and liability insurance

Capital Improvement Fund

Working Cash Fund

Tort Fund

Fund Name

Education Fund

Operations & Maintenance Fund

Debt Services Fund

Transportation Fund

Municipal Retirement/Social Security Fund

The second way that districts are required to identify revenue is through a function code. The function code is used to separate the sources of revenue. The high level function separation is below:

Function #Function Description

1000

2000

3000

4000

7000

Local Sources

Flow Through Revenue

State Sources

Federal Sources

Other Sources

In District 86 we use two additional components for differentiating our revenues. The third component after the fund and function is the object code. The object code which is required by ISBE for expenditures is a free field that we use to provide additional separation and detail to our revenue accounts. The last account component we use across all our accounts is type which is used to separate expenditures, revenues, assets, etc. Below is the structure of all revenue accounts (the fourth and fifth components are only used for expenditures so for all revenues they are zero).

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Fund Function Object N/A N/A Type

10 1000 100 00 000 4

Note: All financial charts presented in the Financial Section use the final audited results for the fiscal years 2012 through 2015, the budget for fiscal year 2016, and financial projections for fiscal years 2017 through 2019. The District’s fiscal year runs from July 1 through June 30, so the budget for fiscal year 2016 covers the time period of July 1, 2015 through June 30, 2016.

FY 2012 FY 2013 FY 2014 FY 2015

Local $77,723,862 $79,656,235 $81,961,642 $82,373,660

State $3,818,580 $4,481,967 $3,551,358 $3,977,581

Federal $1,139,695 $1,175,001 $1,091,866 $1,273,594

Other $0 $0 $0 $0

TOTAL REVENUE $82,682,137 $85,313,203 $86,604,866 $87,624,835

Total Other Sources* $36,517,398 $913,000 $326,260 $692,026

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $84,791,071 $86,488,067 $88,198,160 $89,933,677

State $4,165,155 $4,094,831 $4,062,113 $4,040,580

Federal $1,354,922 $1,354,922 $1,354,922 $1,354,922

Other $0 $0 $0 $0

TOTAL REVENUE $90,311,148 $91,937,820 $93,615,195 $95,329,179

Total Other Sources $10,840,140 $8,500 $8,500 $8,500

Projections

*Other Sources include bond sales, transfers or abatements between funds, and revenue generated from disposal of assets.

Local94%

State5%

Federal1%

Other0%

All Funds: Revenue by Source 2016 Budget

Quick Fact: District 86 is predominately funded by local sources. Only 6 percent of budgeted revenue for 2016 is being funded by state or federal sources.

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Expenditures

The expenditures follow the same fund structure and naming convention as the revenues, but instead define an expenditure purpose. Below is the high level division of function codes for expenditures:

Function #

1000

2000

3000

4000

5000

8000

Function Description

Instruction

Support Services

Community Services

Payments to Other Districts & Government Units

Debt Services

Other Uses

The state requires a third component to identify expenditure accounts which is the object code. According to the ISBE Accounting Manual, “Object means the service or commodity obtained as the result of a specific expenditure.” The object categories are below:

Object #

100

200

300

400

500

600

700

800

Object Description

Salaries

Benefits

Purchased Services

Supplies

Capital

Other

Non-Capital Equipment

Termination Benefits

The District uses two additional components to code expenditures. The first is a two digit code that separates expenditures by location (Central, South, etc.) and the second is a three digit code used to identify departments (Math, Science, etc.). A sample expenditure code is below.

Fund Function Object Location Department Type

10 1000 100 05 100 5

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Below are expenditures by object:

Salaries57%

Benefits17%

Purchased Services10%

Supplies And Materials

4%

Capital Outlay5%

Other Objects7%

Non-Capitalized Equipment

0%

Termination Benefits

0%

All Funds: Expenditures by Object

FY 2012 FY 2013 FY 2014 FY 2015

Salaries $46,341,775 $46,950,355 $52,480,053 $53,821,595

Benefits $14,559,080 $14,687,173 $12,879,787 $12,846,120

Purchased Services $7,722,227 $7,430,565 $8,117,809 $9,150,794

Supplies And Materials $2,802,263 $2,619,725 $2,620,334 $2,592,203

Capital Outlay $7,156,434 $17,915,283 $2,042,073 $2,981,168

Other Objects $8,185,234 $8,599,375 $7,486,783 $7,611,571

Non-Capitalized Equipment $65,967 $3,770 $8,970 $6,739

Termination Benefits $0 $11,269 $35,000 $0

TOTAL EXPENDITURES $86,832,980 $98,217,515 $85,670,809 $89,010,190

Total Other Financing Uses $18,350,602 $522,255 $323,034 $692,026

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Salaries $54,517,935 $55,460,242 $56,530,666 $57,622,156

Benefits $16,210,267 $14,251,343 $15,416,395 $16,693,501



Capital Outlay $4,251,194 $2,151,194 $2,151,194 $2,151,194

Other Objects $7,089,845 $7,333,204 $7,588,731 $7,857,034


Termination Benefits $0 $0 $0 $0


Total Other Financing Uses $6,031,640 $0 $0 $0

Projections

Quick Fact: As a people-driven industry,

nearly 75 percent of all District 86 expenditures go to

salaries and benefits for employees.

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High Level Expenditure Comments

1. In fiscal year 2014 the District moved from Board-paid TRS (Teacher Retirement System) to

employee-paid TRS. TRS employees had their salaries adjusted to offset the change. This

caused salaries to increase by a larger than typical percentage and benefits to decrease year-

over-year.

2. In the current budget year the Board is planning to pay down an additional $3.0 million to the

District’s unfunded pension liability for IMRF (Illinois Municipal Retirement Fund). This

additional pay down is causing the budget to show a drastic increase in benefits followed by a

projected decrease in 2017.

3. “Other Financing Uses” is the transfer of money between funds. When money is transferred

between funds, the disbursing fund shows expenditure and the receiving fund shows revenue.

In fund accounting, each fund is viewed as having its own “checkbook,” which allows us to show

the money movement from fund to another.

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Fund Balance The total revenue and expenditures below includes all sources and uses of funds. The difference between the revenue and expenditures results in either a surplus or deficit for the fiscal year. The surplus or deficit is added to the beginning fund balance of the year to determine the ending fund balance for the fiscal year.

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $119,199,535 $86,226,203 $86,931,126 $88,316,861

Total Expenditures $105,183,582 $98,739,770 $85,993,843 $89,702,216

Surplus/(Deficit) $14,015,953 ($12,513,567) $937,283 ($1,385,355)

Deferred Early Taxes $0 $0 $0 ($37,584,730)


Fiscal Year End Fund Balance $69,937,036 $57,423,469 $58,360,752 $19,390,667

Actuals

For the 2015 fiscal year, the board approved a deferral of early taxes (taxes received in May and June) which caused a significant decrease in fund balance. The deferral of taxes took the taxes that were paid in June 2014 (the first payment from 2013 levy) and deferred recognizing them until the beginning of the 2016 fiscal year. The June 2014 tax payment is revenue that will fund the District’s expenditures in the 2015-16 school year and the deferral allowed the revenue to be recognized in the fiscal year it benefits. The accounting change to defer early taxes does not impact the cash the district has on hand.

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $101,151,288 $91,946,320 $93,623,695 $95,337,679


Surplus/(Deficit) $20,823 ($218,259) ($1,172,982) ($2,239,110)

Deferred Early Taxes $0 $0 $0 $0



Projections

The projected deficits in 2017-2019 fiscal years stem from salary and benefit costs projecting to grow at a greater rate than projected revenue. At this point, salaries are not determined beyond this year pending negotiations with the teachers association. The District’s current contract with the teachers association expires on June 30, 2016. Also benefit costs are projecting to increase at a rate of 10 percent currently, but the District is working on a number of initiatives to slow down the health care increases.

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Summary of Operating Funds

The operating funds are used to categorize revenues and expenses that the district uses to operate on a day-to-day basis. The operating funds include Education, Operations & Maintenance, Transportation, IMRF/Social Security, Working Cash, and Tort. They exclude Debt Services and Capital Improvement. Since Debt Services is used to pay down short and long-term liabilities. For the most part, debt service is funded by a non-tax capped levy (i.e., falls outside of the restrictions on increases that the Property Tax Extension Limitation Legislation or PTELL impose) and falls outside of normal day-to-day operations. The Capital Improvement fund is only used for special construction projects that are generally funded by debt. Projects contained in the Capital Projects Fund are generally large in size, significant in scope and funded by debt compared to a tax-capped fund so the Capital Projects Fund is not part of the typical day-to-day operations.

Revenue The District is planning to self-finance a debt issue that will be used for the Transition Center expansion and renovation and the IMRF unfunded liability pay down. The District is self-financing the debt to allow us to complete these two major initiatives this year while maintaining a balanced budget and current reserve levels. It also allows the district to pay the interest on the bond to itself instead of an outside lender. The Transition Center remodel is estimated to cost the district $2.3 MM to complete and as mentioned earlier the district is planning on paying down $3.0 MM of the IMRF unfunded liability ($2.5 MM from the bond issuance).

FY 2012 FY 2013 FY 2014 FY 2015

Local $75,608,026 $77,268,782 $79,767,318 $80,385,332

State $3,818,580 $4,481,967 $3,551,358 $3,977,581

Federal $1,139,695 $1,175,001 $1,091,866 $1,273,594

Other $0 $0 $0 $0

TOTAL REVENUE $80,566,301 $82,925,750 $84,410,542 $85,636,507


Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $83,534,333 $84,728,382 $86,439,683 $88,185,144

State $4,165,155 $4,094,831 $4,062,113 $4,040,580

Federal $1,354,922 $1,354,922 $1,354,922 $1,354,922

Other $0 $0 $0 $0

TOTAL REVENUE $89,054,410 $90,178,135 $91,856,718 $93,580,646


Projections

Expenditures

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Below are all operating funds by object. The high level comments made in the expenditure section for all funds apply here.

FY 2012 FY 2013 FY 2014 FY 2015

Salaries $46,341,775 $46,950,355 $52,480,053 $53,821,595

Benefits $14,559,080 $14,687,173 $12,879,787 $12,846,120



Capital Outlay $3,457,066 $3,715,785 $2,042,073 $2,981,168

Other Objects $5,845,539 $5,673,657 $4,822,109 $5,330,284




Total Other Financing Uses $18,350,602 $522,255 $323,034 $692,026

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Salaries $54,517,935 $55,460,242 $56,530,666 $57,622,156

Benefits $16,210,267 $14,251,343 $15,416,395 $16,693,501



Capital Outlay $2,151,194 $2,151,194 $2,151,194 $2,151,194

Other Objects $5,266,165 $5,509,524 $5,765,051 $6,033,354





Projections

As mentioned previously, the function code is used to identify the purpose for an expense. Below is a breakdown of all operating expenditures by function code.

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Budget

FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Instruction $0 $0 $0 $21,901 $245,000 $246,500 $248,023 $249,568

Regular Programs $31,866,841 $32,220,622 $34,371,849 $35,089,868 $38,406,149 $36,458,487 $37,590,230 $38,785,727

Special Education/Remedial Programs $8,703,542 $8,414,181 $8,708,863 $9,145,294 $9,416,813 $9,721,221 $10,065,370 $10,432,345

CTE Programs $2,825,482 $2,877,590 $3,007,075 $3,089,880 $3,134,735 $3,226,039 $3,322,674 $3,424,563

Interscholastic Programs $3,230,983 $3,230,939 $3,461,956 $3,583,427 $3,293,775 $3,326,316 $3,378,711 $3,432,592

Summer & Gifted Programs $237,471 $228,778 $209,019 $237,889 $233,000 $237,830 $242,761 $247,796

Driver's Education Programs $527,114 $662,138 $685,299 $175,313 $24,273 $24,559 $24,907 $25,262

Bilingual Programs $0 $0 $0 $0 $108,264 $109,059 $110,701 $112,367

Truant Alternative & Optional Programs $1,568,049 $1,720,737 $1,478,520 $1,898,763 $1,620,000 $1,700,000 $1,784,000 $1,872,200

Total Instruction $48,959,482 $49,354,985 $51,922,581 $53,242,335 $56,482,010 $55,050,012 $56,767,377 $58,582,421

Support Services - Pupils $5,874,572 $5,887,656 $7,090,705 $7,330,215 $8,744,906 $9,017,754 $9,322,598 $9,647,399

Support Services - Instructional Staff $2,430,220 $2,457,579 $2,469,227 $2,526,803 $2,445,728 $2,495,652 $2,556,228 $2,620,054

Support Services - General Administration $1,790,510 $1,881,941 $2,154,695 $2,681,436 $2,046,330 $2,079,289 $2,118,574 $2,159,318

Support Services - School Administration $2,500,600 $2,603,318 $2,391,416 $2,695,439 $2,312,424 $2,359,313 $2,419,763 $2,483,905

Support Services - Business $12,541,630 $12,196,142 $11,882,652 $12,618,529 $12,952,469 $13,145,555 $13,375,353 $13,615,906

Support Services - Central $2,684,847 $2,955,355 $1,950,096 $2,576,270 $2,570,936 $2,608,847 $2,656,350 $2,706,479

Other Support Services $3,100 $0 $0 $0 $0 $0 $0 $0

Total Support $27,825,479 $27,981,991 $27,938,791 $30,428,692 $31,072,793 $31,706,409 $32,448,865 $33,233,060

Community Services $0 $9,550 $5,980 $7,452 $85,696 $86,456 $87,228 $88,012

Payments to other Districts & Govt. Units 0 0 $0 $0 $55,000 $55,000 $55,000 $55,000

Payments to Other Govt. Units (In-State) $4,997 $3,420 $83,423 $165,368 $19,462 $19,812 $20,180 $20,565

Payments to Other Govt. Units - Tuition (In-State) $3,984,401 $3,695,652 $3,055,360 $2,885,057 $3,260,184 $3,423,193 $3,594,353 $3,774,071

Interest on Short-term Debt $0 $0 $0 $0 $0 $0 $0 $0

Interest on Long-term Debt $0 $0 $0 $0 $0 $0 $0 $0

Debt Services - Payments of Principal on Long-term Debt $0 $0 $0 $0 $0 $0 $0 $0

Debt Services - Other $0 $0 $0 $0 $0 $0 $0 $0


Total All Other $3,989,398 $3,708,622 $3,144,763 $3,057,877 $3,420,342 $3,584,462 $3,756,761 $3,937,648

Transfer to Other Funds $17,959,838 $0 $0 $500,000 $4,800,000 $0 $0 $0

Transfer to Debt Service Capital Lease Principal $191,459 $325,221 $124,817 $0 $0 $0 $0 $0

Transfer to Debt Service Capital Lease Interest $10,832 $5,491 $3,844 $0 $0 $0 $0 $0

Transfer to Debt Service Revenue Bond Principal $160,000 $170,000 $180,000 $0 $0 $0 $0 $0

Transfer to Debt Service Revenue Bond Interest $28,473 $21,543 $14,373 $0 $0 $0 $0 $0

Other Uses $0 $0 $0 $192,026 $1,231,640 $0 $0 $0

Total Transfers $18,350,602 $522,255 $323,034 $692,026 $6,031,640 $0 $0 $0

Total Expenditures $99,124,961 $81,567,853 $83,329,169 $87,420,930 $97,006,785 $90,340,883 $92,973,002 $95,753,128

Actuals Projections

Expenditures by Function: Operating Funds

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Fund Balance The high level explanations from the fund balance section for all funds apply to operating funds. See more detailed explanations around the tax deferral and projected deficits above.

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $98,526,879 $83,316,495 $84,413,768 $86,136,507


Surplus/(Deficit) ($598,082) $1,748,642 $1,084,599 ($1,284,422)




Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $97,012,910 $90,186,635 $91,865,218 $93,589,146


Surplus/(Deficit) $6,125 ($154,264) ($1,107,779) ($2,163,963)




Projections

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

Fiscal Year End Fund Balance

Fiscal Year End Fund Balance

The large decline in fund balance in fiscal year 2015 is due to the deferral of early taxes as discussed above.

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Summary of Individual Funds

The following charts give an overview of all revenues by source, expenditures by object, expenditures by function, and fund balances at each individual fund level.

Education Fund

The Education Fund is home to all instructional and student support departments, general and building administration, the Business Office, and Information Technology Department. This includes all salaries and benefits for the personnel, along with supplies and services that support these departments.

Revenue

The majority of local revenue, nearly all state revenue (excluding transportation claim), and all federal revenue support the Education Fund. The local revenue amount comes from property taxes, employee insurance contributions, fees for testing and summer school, interest on investments, and a number of other miscellaneous items. Below are the revenues by source for this fund:

FY 2012 FY 2013 FY 2014 FY 2015

Local $61,349,003 $62,970,371 $65,113,762 $65,635,982

State $2,867,482 $3,183,777 $2,774,573 $2,907,636

Federal $1,139,695 $1,175,001 $1,091,866 $1,273,594

Other $0 $0 $0 $0

TOTAL REVENUE $65,356,180 $67,329,149 $68,980,201 $69,817,212

Total Other Sources $740 $387,789 $2,725 $0

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $68,301,964 $69,260,602 $72,483,504 $73,930,715

State $2,985,155 $2,914,831 $2,882,113 $2,860,580

Federal $1,354,922 $1,354,922 $1,354,922 $1,354,922

Other $0 $0 $0 $0

TOTAL REVENUE $72,642,041 $73,530,355 $76,720,539 $78,146,217

Total Other Sources $7,000 $7,000 $7,000 $7,000

Projections

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Expenditures

The Education Fund houses all expenses related to student instruction and support, administration, and payments to other districts or government entities. Below are the expenses by object and function for this fund:

FY 2012 FY 2013 FY 2014 FY 2015

Salaries $43,945,927 $44,514,897 $50,045,290 $51,612,476

Benefits $11,956,926 $12,001,995 $9,936,152 $9,383,272



Capital Outlay $1,242,947 $1,733,007 $586,377 $1,289,622

Other Objects $5,832,925 $5,665,833 $4,819,789 $5,155,889




Total Other Financing Uses $202,291 $330,712 $128,661 $0

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Salaries $52,141,899 $53,065,198 $54,099,696 $55,154,721

Benefits $10,140,871 $11,098,708 $12,152,193 $13,309,899



Capital Outlay $913,244 $913,244 $913,244 $913,244

Other Objects $5,255,165 $5,498,524 $5,754,051 $6,022,354




Total Other Financing Uses $0 $0 $0 $0

Projections

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Budget

FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Instruction $0 $0 $0 $0 $245,000 $246,500 $248,023 $249,568

Regular Programs $31,458,705 $31,809,306 $33,888,982 $34,129,231 $34,621,885 $35,665,369 $36,783,208 $37,964,554

Special Education/Remedial Programs $8,343,740 $8,051,188 $8,318,958 $8,745,614 $9,036,978 $9,338,908 $9,676,895 $10,037,609

CTE Programs $2,798,369 $2,849,390 $2,974,478 $3,055,703 $3,091,129 $3,181,779 $3,277,590 $3,378,640

Interscholastic Programs $3,139,220 $3,131,372 $3,344,281 $3,452,780 $3,273,328 $3,305,731 $3,357,793 $3,411,334

Summer & Gifted Programs $233,491 $224,625 $204,579 $232,730 $233,000 $237,830 $242,761 $247,796

Driver's Education Programs $522,088 $656,114 $678,616 $173,613 $23,321 $23,602 $23,936 $24,275


Truant Alternative & Optional Programs $1,568,049 $1,720,737 $1,478,520 $1,898,763 $1,620,000 $1,700,000 $1,784,000 $1,872,200

Total Instruction $48,063,662 $48,442,732 $50,888,414 $51,688,434 $52,235,535 $53,791,341 $55,487,201 $57,280,367

Support Services - Pupils $5,712,854 $5,714,227 $6,863,567 $7,081,546 $8,493,575 $8,764,433 $9,065,090 $9,385,632

Support Services - Instructional Staff $2,355,686 $2,381,587 $2,394,680 $2,460,264 $2,389,258 $2,438,809 $2,498,468 $2,561,362

Support Services - General Administration $1,170,094 $1,148,448 $1,357,051 $1,995,813 $1,432,660 $1,457,246 $1,487,162 $1,518,396

Support Services - School Administration $2,392,438 $2,492,085 $2,282,119 $2,535,482 $2,215,890 $2,262,230 $2,321,139 $2,383,716

Support Services - Business $618,327 $580,428 $600,775 $926,441 $898,363 $917,767 $942,920 $969,668

Support Services - Central $2,553,800 $2,817,420 $1,806,495 $2,441,111 $2,421,843 $2,459,174 $2,504,381 $2,552,180

Other Support Services $3,100 $0 $0 $0 $0 $0 $0 $0

Total Support $14,806,299 $15,134,195 $15,304,687 $17,440,657 $17,851,589 $18,299,658 $18,819,161 $19,370,955

Community Services $0 $9,550 $5,980 $7,452 $85,696 $86,456 $87,228 $88,012

Payments to other Districts & Govt. Units $0 $0 $0 $0 $55,000 $55,000 $55,000 $55,000

Payments to Other Govt. Units (In-State) $4,997 $3,420 $83,423 $104,265 $19,462 $19,812 $20,180 $20,565

Payments to Other Govt. Units - Tuition (In-State) $3,984,401 $3,695,652 $3,055,360 $2,885,057 $3,260,184 $3,423,193 $3,594,353 $3,774,071

Interest on Short-term Debt $0 $0 $0 $0 $0 $0 $0 $0

Interest on Long-term Debt $0 $0 $0 $0 $0 $0 $0 $0

Debt Services - Payments of Principal on Long-term Debt $0 $0 $0 $0 $0 $0 $0 $0



Total All Other $3,989,398 $3,708,622 $3,144,763 $2,996,774 $3,420,342 $3,584,462 $3,756,761 $3,937,648

Transfer to Other Funds $0 $0 $0 $0 $0 $0 $0 $0

Transfer to Debt Service Capital Lease Principal $191,459 $325,221 $124,817 $0 $0 $0 $0 $0

Transfer to Debt Service Capital Lease Interest $10,832 $5,491 $3,844 $0 $0 $0 $0 $0

Transfer to Debt Service Revenue Bond Principal $0 $0 $0 $0 $0 $0 $0 $0

Transfer to Debt Service Revenue Bond Interest $0 $0 $0 $0 $0 $0 $0 $0

Other Uses $0 $0 $0 $0 $0 $0 $0 $0

Total Transfers $202,291 $330,712 $128,661 $0 $0 $0 $0 $0


Actuals Projections

Expenditures by Function: Education Fund

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Fund Balance

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $65,356,920 $67,716,938 $68,982,926 $69,817,212


Surplus/(Deficit) ($1,704,730) $100,677 ($483,599) ($2,308,653)




Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $72,649,041 $73,537,355 $76,727,539 $78,153,217


Surplus/(Deficit) ($858,425) ($2,138,106) ($1,335,583) ($2,435,753)


Beginning Fund Balance $2,937,037 $2,078,612 ($59,494) ($1,395,077)

Fiscal Year End Fund Balance $2,078,612 ($59,494) ($1,395,077) ($3,830,830)

Projections

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Operations & Maintenance Fund

The Operations & Maintenance Fund houses the revenues and expenses for maintenance of district buildings and grounds, capital improvement projects, and utilities. It also covers the salaries and benefits for the Building & Grounds staff and student safety personnel.

Revenue

All revenue for the Operations & Maintenance Fund comes from local sources. Approximately 90% of the revenue comes from property taxes with the remainder made up of interest on investments, employee insurance contributions, and rental income.

FY 2012 FY 2013 FY 2014 FY 2015

Local $9,708,890 $9,928,808 $10,137,918 $10,139,435

State $0 $50,000 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $9,708,890 $9,978,808 $10,137,918 $10,139,435

Total Other Sources $0 $2,956 $501 $0

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $10,341,808 $10,504,725 $8,338,681 $8,516,458

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $10,341,808 $10,504,725 $8,338,681 $8,516,458


Projections

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Expenditures

As noted above, the Operations & Maintenance Fund houses salaries and benefits for Building & Grounds and student safety personnel. The Operations & Maintenance Fund also covers utilities, maintenance supplies, and capital improvement projects. Below are expenses by object and function and a listing a capital improvement projects that were budgeted for fiscal year 2015-16.

FY 2012 FY 2013 FY 2014 FY 2015

Salaries $2,395,848 $2,435,458 $2,434,763 $2,209,119

Benefits $697,012 $716,776 $753,935 $687,743



Capital Outlay $2,214,119 $1,982,778 $1,455,696 $1,554,376

Other Objects $12,614 $7,824 $2,320 $60,851

Non-Capitalized Equipment $0 $0 $0 $0



Total Other Financing Uses $188,473 $191,543 $194,373 $192,026

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Salaries $2,376,036 $2,395,044 $2,430,970 $2,467,435

Benefits $651,013 $716,114 $787,726 $866,498



Capital Outlay $1,237,950 $1,237,950 $1,237,950 $1,237,950

Other Objects $11,000 $11,000 $11,000 $11,000





Projections

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Budget

FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Support Services - Pupils

Support Services - Instructional Staff

Support Services - General Administration

Support Services - School Administration

Support Services - Business $8,711,993 $8,595,856 $7,877,795 $7,551,589 $8,017,024 $8,136,370 $8,279,673 $8,431,213

Support Services - Central

Other Support Services

Total Support $8,711,993 $8,595,856 $7,877,795 $7,551,589 $8,017,024 $8,136,370 $8,279,673 $8,431,213

Community Services

Payments to other Districts & Govt. Units

Payments to Other Govt. Units (In-State) $0 $0 $0 $61,103 $0 $0 $0 $0

Payments to Other Govt. Units - Tuition (In-State)

Interest on Short-term Debt

Interest on Long-term Debt

Debt Services - Payments of Principal on Long-term Debt

Debt Services - Other

Debt Services - Other

Total All Other $0 $0 $0 $61,103 $0 $0 $0 $0

Transfer to Other Funds

Transfer to Debt Service Capital Lease Principal

Transfer to Debt Service Capital Lease Interest

Transfer to Debt Service Revenue Bond Principal $160,000 $170,000 $180,000 $0 $0 $0 $0 $0


Other Uses $0 $0 $0 $192,026 $1,231,640 $0 $0 $0

Total Transfers $188,473 $191,543 $194,373 $192,026 $1,231,640 $0 $0 $0


Actuals Projections

Expenditures by Function: Operations & Maintenance Fund

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Fund Balance

The fund balance in Operations & Maintenance has been increasing over the last few years and remains healthy even after deferring early taxes. The District has not pursued all budgeted capital projects over the last few years, and that coupled with deferring some maintenance expenses pending final decisions around the Master Facility Plan refresh project have led to growth in the fund balance.

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $9,708,890 $9,981,764 $10,138,419 $10,139,435


Surplus/(Deficit) $808,424 $1,194,365 $2,066,251 $2,334,717




Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $10,343,308 $10,506,225 $8,340,181 $8,517,958


Surplus/(Deficit) $1,094,645 $2,369,855 $60,508 $86,745




Projections

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Capital Projects The District is currently in the process of developing a new master facility plan. The Master Facility Plan process is ongoing and includes all stake holders within our District. For the 2015-16 school year, the list of projects below was developed not only based on need but also because these projects would not interfere with potential Master Facility Plan recommendations. Said another way, we do not anticipate that the projects for this school year would be included in recommendations by the Master Facility Plan causing a loss of dollars.

Project Description Project # School Amount

Roof Repairs 15087 Both 590,000$

Roof Stairs & Exterior Gym Doors 15072 Central 110,000$

New Lift Station & Safety Work 15073 South 224,500$

Asbestos Removal Central 125,450$

Estimated Spend 1,049,950$

Budgeted Capital Improvement Projects 2015-16

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Debt Services Fund The Debt Services Fund is used to manage the District’s short and long-term debt from bonds, debt certificates, and leases.

Revenues

The revenue in the Debt Service Fund is generally funded by the property tax levy. Unlike the other funds that fall under the capped portion of Property Tax Extension Limitations Legislation (PTELL), the Debt Services Fund is not capped. Accordingly, each year the county extends the amount required to cover the bond payments of the District. Debt certificates or leases may be paid out of debt service fund, but they are not included in the non-capped levy. Since money is not levied outside of the tax cap to cover debt certificates and leases, the District moves money from other funds to the Debt Fund to pay its obligations.

FY 2012 FY 2013 FY 2014 FY 2015

Local $2,115,712 $2,382,191 $2,194,253 $1,988,130

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $2,115,712 $2,382,191 $2,194,253 $1,988,130


Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $1,256,552 $1,759,499 $1,758,291 $1,748,347

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $1,256,552 $1,759,499 $1,758,291 $1,748,347

Total Other Sources $581,640 $0 $0 $0

Projections

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Expenditures

The District currently has two bonds that were on the books to begin the 2016 fiscal year. One issue from 2008 was for the football field turf and one from 2012 was primarily for the air conditioning and a few smaller capital improvement projects. In 2016 we will make the last payment on the debt certificate which was used to purchase the property at 7302 Clarendon Hills Road in Darien. This year the District will also be self-financing two bonds. One is for the Transition Center Remodel ($2.3 MM) and the other to pay down of the IMRF unfunded pension liability ($2.5 MM). No payment will be made on the new bonds until fiscal year 2017. Below are expense by object and function.

FY 2012 FY 2013 FY 2014 FY 2015

Salaries $0 $0 $0 $0

Benefits $0 $0 $0 $0

Purchased Services $0 $0 $0 $0

Supplies And Materials $0 $0 $0 $0

Capital Outlay $0 $0 $0 $0

Other Objects $2,339,695 $2,925,718 $2,664,674 $2,281,287





Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019






Other Objects $1,823,680 $1,823,680 $1,823,680 $1,823,680





Projections

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Budget

FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Transfer to Other Funds

Transfer to Debt Service Capital Lease Principal $0 $0 $0 $884,325 $841,325 $841,325 $841,325 $841,325

Transfer to Debt Service Capital Lease Interest $370,818 $963,782 $958,542 $1,210,687 $901,640 $901,640 $901,640 $901,640

Transfer to Debt Service Revenue Bond Principal $1,761,459 $1,960,221 $1,704,817 $185,000 $80,000 $80,000 $80,000 $80,000


Other Uses $0 $0 $0 $1,275 $715 $715 $715 $715

Total Transfers $2,339,695 $2,925,718 $2,664,674 $2,281,287 $1,823,680 $1,823,680 $1,823,680 $1,823,680


Actuals Projections

Expenditures by Function: Debt Services Fund

Fund Balances

The fund balance in the Debt Service fund generally remains unchanged year-over-year. Deferring early taxes impacts the Debt Fund as it has the balance of all funds.

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $2,712,694 $2,904,446 $2,517,287 $2,180,156


Surplus/(Deficit) $372,999 ($21,272) ($147,387) ($101,131)



Fiscal Year End Fund Balance $1,800,734 $1,779,462 $1,632,075 $528,484

Actuals

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Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $1,838,192 $1,759,499 $1,758,291 $1,748,347


Surplus/(Deficit) $14,512 ($64,181) ($65,389) ($75,333)


Beginning Fund Balance $528,484 $542,996 $478,815 $413,426

Fiscal Year End Fund Balance $542,996 $478,815 $413,426 $338,093

Projections

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Debt Services Schedule The information below summarizes the four bonds that the District will have this year (the two old earlier issuances and the two planned issuances this year). The principal, interest, and total payment are detailed below. To see the complete debt service schedule with individual bond details, refer to the Information Section.

07/15/15 420,663 420,663

01/15/16 900,000 420,663 1,320,663

07/15/16 467,602 467,602

01/15/17 1,320,000 458,411 1,778,411

07/15/17 439,137 439,137

01/15/18 1,365,000 439,137 1,804,137

07/15/18 416,869 416,869

01/15/19 1,400,000 416,869 1,816,869

07/15/19 400,769 400,769

01/15/20 1,460,000 400,769 1,860,769

07/15/20 375,894 375,894

01/15/21 1,495,000 375,894 1,870,894

07/15/21 349,708 349,708

01/15/22 1,515,000 349,708 1,864,708

07/15/22 316,850 316,850

01/15/23 1,640,000 316,850 1,956,850

07/15/23 281,150 281,150

01/15/24 1,685,000 281,150 1,966,150

07/15/24 243,875 243,875

01/15/25 1,760,000 243,875 2,003,875

07/15/25 204,613 204,613

01/15/26 1,840,000 204,613 2,044,613

07/15/26 163,292 163,292

01/15/27 1,995,000 163,292 2,158,292

07/15/27 118,625 118,625

01/15/28 1,505,000 118,625 1,623,625

07/15/28 81,000 81,000

01/15/29 1,580,000 81,000 1,661,000

07/15/29 41,500 41,500

01/15/30 1,660,000 41,500 1,701,500

23,120,000$ 8,633,899$ 31,753,899$ 31,753,899$

2016 2014

2,246,013

Fiscal Year Levy YearInterest Total Payment

Total Fiscal

Year Payment

1,741,325

Date Prinipal

Hinsdale District 86 Debt Service Schedule Summary

2017 2015

2,243,273 2018 2016

201920212,246,788

2,233,737 2019 2017

201820202,261,537

202120232,273,700

2,214,417 2022 2020

2026 2024

2,247,300 2024 2022

202320252,247,751

202820301,743,000

1,742,000 2029 2027

202620281,742,250

202520272,321,584

2,249,227

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Transportation Fund

The Transportation Fund is used to manage the revenues and expenses that relate to the transportation of students. Transportation can be for instructional, athletic, or activity purposes but must involve students. Expenses for employees traveling on district business would be charged to the Education or Operations & Maintenance Fund depending on the purpose of the trip.

Revenue

The Transportation Fund revenue comes from property taxes and the state. The State of Illinois provides reimbursement to districts for a portion of costs incurred for general, vocational, and special education transportation. The Transportation Claim is completed in the fall of each year for the previous fiscal year.

FY 2012 FY 2013 FY 2014 FY 2015

Local $1,912,399 $1,792,216 $1,809,540 $1,876,864

State $951,098 $1,248,190 $776,785 $1,069,945

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $2,863,497 $3,040,406 $2,586,325 $2,946,809

Total Other Sources $0 $0 $0 $0

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $1,884,009 $1,913,831 $2,354,183 $2,405,482

State $1,180,000 $1,180,000 $1,180,000 $1,180,000

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $3,064,009 $3,093,831 $3,534,183 $3,585,482


Projections

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Expenditures

As noted above, the Transportation Fund is used to pay the expenses related to transporting students for instructional, vocational, athletic, and activity purposes. The District outsources most of its transportation related to instruction, vocation, and athletics. When transporting smaller groups of students the District may provide transportation directly.

FY 2012 FY 2013 FY 2014 FY 2015




Supplies And Materials $8,791 $11,428 $13,175 $8,490

Capital Outlay $0 $0 $0 $137,170

Other Objects $0 $0 $0 $0





Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019




Supplies And Materials $14,000 $14,000 $14,000 $14,000







Projections

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Fund Balance

The Transportation Fund balance had a deficit position at the end of the fiscal year 2015 as a result of the accounting policy change of deferring early taxes. The District will adjust future levy distributions and make any necessary transfers in order to correct the projected negative fund balances and ensure all obligations are paid in a timely manner.

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $2,863,497 $3,040,406 $2,586,325 $2,946,809


Surplus/(Deficit) $143,025 $531,147 ($276,658) ($526,374)

Deferred Early Taxes $0 $0 $0 ($892,352)

Beginning Fund Balance $829,786 $972,811 $1,503,958 $1,227,300

Fiscal Year End Fund Balance $972,811 $1,503,958 $1,227,300 ($191,426)

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $3,064,009 $3,093,831 $3,534,183 $3,585,482


Surplus/(Deficit) ($305,180) ($325,686) $63,583 $63,033


Beginning Fund Balance ($191,426) ($496,606) ($822,292) ($758,709)

Fiscal Year End Fund Balance ($496,606) ($822,292) ($758,709) ($695,676)

Projections

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Municipal Retirement & Social Security Fund

This fund houses the revenue and expenses for the Illinois Municipal Retirement Fund (IMRF) and the Federal Insurance Contributions Act (FICA) taxes. The fund is divided into separate activities related to IMRF and FICA since they are levied for separately. The IMRF pension plan serves local government and school district employees (non-certified) across the state of Illinois. The FICA taxes include the employer portion of Social Security and Medicare. Certified staff members that are part of the Teacher Retirement System (TRS) do not contribute to Social Security.

Revenue The IMRF and Social Security Fund are completely financed by property tax revenue. The Other Sources are transfers from other funds.

FY 2012 FY 2013 FY 2014 FY 2015

Local $1,878,289 $1,925,470 $1,993,611 $1,999,687

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $1,878,289 $1,925,470 $1,993,611 $1,999,687

Total Other Sources $0 $0 $0 $500,000

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $2,262,515 $2,293,630 $2,491,640 $2,544,411

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $2,262,515 $2,293,630 $2,491,640 $2,544,411

Total Other Sources $3,150,000 $0 $0 $0

Projections

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Expenditures

All expenses in this fund fall under the benefits object code and share the same function code from which the employees’ salary was paid. The District is paying an additional $3.0 million to our unfunded pension liability this year, $2.5 MM is coming from bond proceeds and the remainder, $.5 million, from District funds.

FY 2012 FY 2013 FY 2014 FY 2015


Benefits $1,905,142 $1,968,402 $2,189,700 $2,775,105









Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019


Benefits $5,418,383 $2,436,505 $2,476,482 $2,517,124









Projections

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Budget

FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Instruction $0 $0 $0 $21,901 $0 $0 $0 $0

Regular Programs $408,136 $411,316 $482,867 $960,637 $3,784,264 $793,118 $807,022 $821,174

Special Education/Remedial Programs $359,802 $362,993 $389,905 $399,680 $379,835 $382,314 $388,475 $394,736

CTE Programs $27,113 $28,200 $32,597 $34,177 $43,607 $44,260 $45,084 $45,923

Interscholastic Programs $91,763 $99,567 $117,675 $130,647 $20,447 $20,586 $20,919 $21,258

Summer & Gifted Programs $3,980 $4,153 $4,440 $5,159 $0 $0 $0 $0

Driver's Education Programs $5,026 $6,024 $6,683 $1,700 $952 $957 $971 $987


Truant Alternative & Optional Programs $0 $0 $0 $0 $0 $0 $0 $0

Total Instruction $895,820 $912,253 $1,034,167 $1,553,901 $4,246,475 $1,258,671 $1,280,176 $1,302,054

Support Services - Pupils $161,718 $173,429 $227,138 $248,669 $251,331 $253,321 $257,508 $261,766

Support Services - Instructional Staff $74,534 $75,992 $74,547 $66,539 $56,470 $56,843 $57,760 $58,692

Support Services - General Administration $43,023 $46,961 $59,851 $79,356 $77,852 $78,188 $79,399 $80,628

Support Services - School Administration $108,162 $111,233 $109,297 $159,957 $96,533 $97,083 $98,623 $100,188

Support Services - Business $490,838 $510,599 $541,099 $531,524 $540,628 $542,725 $551,047 $559,497

Support Services - Central $131,047 $137,935 $143,601 $135,159 $149,094 $149,674 $151,968 $154,299

Other Support Services $0 $0 $0 $0 $0 $0 $0 $0

Total Support $1,009,322 $1,056,149 $1,155,533 $1,221,205 $1,171,908 $1,177,834 $1,196,306 $1,215,070


Actuals Projections

Expenditures by Function: IMRF & Social Security Fund

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Fund Balance

As noted with previous funds, deferring early taxes reduced the fund balance in IMRF and Social Security. The District will make appropriate transfers and distribute future levies to compensate for the projected negative fund balance.

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $1,878,289 $1,925,470 $1,993,611 $2,499,687


Surplus/(Deficit) ($26,853) ($42,932) ($196,089) ($275,418)


Beginning Fund Balance $1,074,232 $1,047,379 $1,004,447 $808,358

Fiscal Year End Fund Balance $1,047,379 $1,004,447 $808,358 ($284,572)

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $5,412,515 $2,293,630 $2,491,640 $2,544,411


Surplus/(Deficit) ($5,868) ($142,875) $15,158 $27,287


Beginning Fund Balance ($284,572) ($290,440) ($433,315) ($418,157)

Fiscal Year End Fund Balance ($290,440) ($433,315) ($418,157) ($390,869)

Projections

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Capital Improvement Fund

The Capital Fund is used when the District is undertaking a large improvement project and is generally funded by bond issuance. The last large capital improvement project occurred in 2012 so revenue in this fund has been for nominal amounts of interest on the investments. In the current budget year the District will be remodeling the Transition Center which is estimated to cost a total of $2.3 million.

Revenue

Revenue of $2.3 million will be recognized in the Capital Fund from bond proceeds. Districts do not directly levy property taxes for the Capital Fund; it is only funded by bond proceeds or transfers from other funds.

FY 2012 FY 2013 FY 2014 FY 2015

Local $124 $5,262 $71 $198

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $124 $5,262 $71 $198


Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $186 $186 $186 $186

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $186 $186 $186 $186


Projections

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Expenditures

The expenses budgeted for the Transition Center remodel is broken up into $2.1 million for construction costs and $0.2 million for architect fees.

FY 2012 FY 2013 FY 2014 FY 2015



Purchased Services $19,558 $46,701 $0 $0


Capital Outlay $3,699,368 $14,199,498 $0 $0




TOTAL EXPENDITURES $3,718,926 $14,246,199 $0 $0


Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019



Purchased Services $200,000 $0 $0 $0


Capital Outlay $2,100,000 $0 $0 $0




TOTAL EXPENDITURES $2,300,000 $0 $0 $0


Projections

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Fund Balance

The Capital Fund does not generally retain any significant fund balance once the construction project that was being funded has been completed. The years that had a large fund balance came as a result of ongoing project(s) at the end of the fiscal year.

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $17,959,962 $5,262 $71 $198

Total Expenditures $3,718,926 $14,246,199 $0 $0

Surplus/(Deficit) $14,241,036 ($14,240,937) $71 $198


Beginning Fund Balance $57,646 $14,298,682 $57,745 $57,816

Fiscal Year End Fund Balance $14,298,682 $57,745 $57,816 $58,014

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $2,300,186 $186 $186 $186

Total Expenditures $2,300,000 $0 $0 $0

Surplus/(Deficit) $186 $186 $186 $186




Projections

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Working Cash Fund

The Working Cash Fund is used by districts to manage their reserve funds and facilitate cash flow needs. District 86 holds its primary reserve balance in Working Cash and will transfer or abate funds from it to other funds that are in need.

Revenue

Districts have the ability to levy property taxes for the Working Cash Fund, but District 86 elects not to levy for any working cash fund at this time. The fund is used primarily to receive bond proceeds and support the cash flow needs of the other funds. The fund also receives revenue from interest on investments.

FY 2012 FY 2013 FY 2014 FY 2015

Local $56,908 $19,960 $20,157 $36,604

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $56,908 $19,960 $20,157 $36,604


Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $35,905 $35,905 $35,905 $35,905

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $35,905 $35,905 $35,905 $35,905


Projections

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Expenditures

The only expenses that occur in the fund are transfers to other funds. No expenses are paid directly from this fund. In the current budget year the $4.8 million from bond proceeds will be transferred out to the Capital Fund ($2.3 MM) and the IMRF & Social Security Fund ($2.5 MM).

FY 2012 FY 2013 FY 2014 FY 2015









TOTAL EXPENDITURES $0 $0 $0 $0

Total Other Financing Uses $17,959,838 $0 $0 $500,000

Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019









TOTAL EXPENDITURES $0 $0 $0 $0


Projections

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Fund Balance

In 2015 the District used $0.5 million from the Working Cash fund balance to make the first payment to the IMRF unfunded pension liability. Other than the pay down of the IMRF pension liability the District is planning to allow the fund balance to grow accumulating interest on the investments.

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $18,016,746 $19,960 $20,157 $36,604

Total Expenditures $17,959,838 $0 $0 $500,000

Surplus/(Deficit) $56,908 $19,960 $20,157 ($463,396)




Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $4,835,905 $35,905 $35,905 $35,905

Total Expenditures $4,800,000 $0 $0 $0

Surplus/(Deficit) $35,905 $35,905 $35,905 $35,905




Projections

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Tort Fund

The Tort Fund is used by districts to separate funds levied for legal or liability insurance purposes.

Revenue

District 86 currently levies property taxes for the Tort Fund. This is done so separate revenues and expenses can be captured separate from the other funds.

FY 2012 FY 2013 FY 2014 FY 2015

Local $702,537 $631,957 $692,330 $696,760

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $702,537 $631,957 $692,330 $696,760


Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Local $708,132 $719,689 $735,770 $752,173

State $0 $0 $0 $0

Federal $0 $0 $0 $0

Other $0 $0 $0 $0

TOTAL REVENUE $708,132 $719,689 $735,770 $752,173


Projections

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Expenditures

The District uses the Tort Fund to pay for insurance for general liability, legal liability, auto, and workers’ compensation insurance. Also legal judgments and settlements may be paid from this fund, if permitted by law.

FY 2012 FY 2013 FY 2014 FY 2015



Purchased Services $577,393 $686,532 $737,793 $628,514



Other Objects $0 $0 $0 $113,544



TOTAL EXPENDITURES $577,393 $686,532 $737,793 $742,058


Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019



Purchased Services $663,084 $673,030 $683,126 $693,373






TOTAL EXPENDITURES $663,084 $673,030 $683,126 $693,373


Projections

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Fund Balances The balance in the Tort Fund is at an acceptable level considering the deferral of early taxes. The balance is projected to grow nominally over the next few years, but could be reduced by a judgment or settlement.

FY 2012 FY 2013 FY 2014 FY 2015

Total Revenue $702,537 $631,957 $692,330 $696,760

Total Expenditures $577,393 $686,532 $737,793 $742,058

Surplus/(Deficit) $125,144 ($54,575) ($45,463) ($45,298)




Actuals

Budget

FY 2016 FY 2017 FY 2018 FY 2019

Total Revenue $708,132 $719,689 $735,770 $752,173

Total Expenditures $663,084 $673,030 $683,126 $693,373

Surplus/(Deficit) $45,048 $46,659 $52,644 $58,800




Projections

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INFORMATIONAL SECTION

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Property Taxes

Key Terms

1. Tax Levy – The amount of real estate tax dollars requested by a taxing body for support of its

operations and debt payments

2. Extension – The product of the taxing body’s net equalized assessed valuation multiplied by its

tax rate as calculated by the county clerk.

3. Market Value – The estimated sale value of real estate.

4. Assessed Value – The valuation set upon real estate for the purpose of determining tax liability

(theoretically 1/3 market value)

5. Equalized Assessed Value – The product of any multiplier imposed by the county or state times

the assessed value which theoretically “equalizes” the assessed value to 1/3 of market value

throughout the county and state

6. Net Equalized Assessed Value (NEAV) – The equalized assessed valuation of property minus any

legal exemptions, most common exemption is the Homestead Exemption.

7. Tax Base – The total of all net equalized assessed value in a taxing district.

8. Tax Rate – By fund, the County Clerk calculates a rate by dividing the tax levy for that fund by

the total net equalized assessed valuation for the district.

9. Tax Liability – The tax payable to the taxing district by a property owner is the result of applying

the NEAV of the property to the tax rate. For example:

10. Property Tax Extension Law Limit (PTELL) – Also known as the “Tax Cap.” Limits the increase in

property tax extensions to 5 percent or the percent increase in the national consumer price

index (USCPI), whichever is less, for all funds subject to the tax cap. Tax cap does not apply to

repayment of bonds and is exclusive of new construction in the District.

11. Limiting Rate – The maximum tax rate allowable for capped funds without referendum is the

result of applying the CPI or 5 percent, whichever is less.

12. Truth in Taxation – District must hold a hearing and make disclosure in a publication if the

aggregate levy is more than 105% of the previous year.

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Assessed Values

The Assessor will use home sales data, home demand, additions and improvement projects, market conditions, and a number of additional factors to calculate a properties fair market value. The fair market value is multiplied by 1/3 and then any homestead exemptions are subtracted to reach the assessed value. The general homestead exemption applies to any homeowner living in a primary residence. There are additional homestead exemptions available to returning veterans, individuals with disabilities, and senior citizens. After assessed values are calculated an equalization factor is applied. The equalization factor is used to keep the assessed values and fair market values from deviating from each other significantly. The equalization factor may be applied to an individual property or a group and can be processed at the state, county, or township level. The equalized assessed values are then compiled for each taxing district to determine the equalized assessed value (EAV) of the district. Below are the historic EAVs for District 86:

YearEqualized Assessed

Value (EAV)

EAV %

Change

2015 4,838,780,986 1.84%

2014 4,751,513,224 -0.41%

2013 4,771,138,986 -4.66%

2012 5,004,192,002 -8.17%

2011 5,449,520,492 -7.31%

2010 5,879,539,563 -5.72%

2009 6,236,283,757 0.81%

2008 6,186,148,839 6.67%

2007 5,799,484,693 8.37%

2006 5,351,749,656 9.74%

2005 4,876,748,327 -

*2015 EAV is estimated

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Levy Basics

The EAV determines a homeowner’s total share of the tax dollars requested by taxing bodies. The process for taxing bodies to make a request for tax dollars is known as the levy. District 86 is subject to the Property Tax Extension Limitation Law (PTELL), which limits the amount of additional tax dollars that can be requested compared to the previous year. The law limits taxing bodies tax increases to CPI (Consumer Price Index) or 5%, whichever is less. PTELL is slightly different than the CPI that is generally referred to generally in the news. CPI is generally referred to as an average annual change in price for a basket of goods whereas PTELL uses only the change between December of the current and previous years. Below is a historical PTELL percentage for the past 10 years. The PTELL of 0.8% from 2014 is used for the 2015 levy year which funds the 2017 fiscal year budget.

Year PTELL CPI-U

2014 0.8% 1.6%

2013 1.5% 1.5%

2012 1.7% 2.1%

2011 3.0% 3.2%

2010 1.5% 1.6%

2009 2.7% -0.4%

2008 0.1% 3.8%

2007 4.1% 2.8%

2006 2.5% 3.2%

2005 3.4% 3.4%

A taxing body is allowed to levy the amount of taxes that were extended the previous year increased by the PTELL percentage. For example, if a taxing body extended $10,000,000 in taxes for 2014, they would be allowed to increase that amount by 0.8% or levy a total of $10,080,000 in 2015. There is one additional factor considered for the levy request–new construction. New construction allows a taxing body to increase the levy amount above the established PTELL inflationary rate. The tax limitation law assumes that new construction results in additional services needing to be provided for by the taxing body, and the taxing body is allowed to increase its levy to encompass the new construction to offset the potential increase in required services.

The portion of the levy that falls under PTELL is known as the “capped” levy because increases are limited by the law. The other portion of the levy that is “non-capped” is used to fund the debt obligations of a taxing body. The levy to make the bond payments is tied to amount of the bond payments for the year and not limited by PTELL. While the bond payment is not limited under the tax cap, there are other laws limiting the total debt a taxing body may issue without approval from the voters within the taxing bodies boundaries. After taxing bodies submit their levies, counties apply the PTELL limits to the request and return the final tax extension to the districts in the spring. The taxing districts have a final opportunity to abate or redistribute the extension between funds, but no additional funds can be requested at this time. Below is the extension history of District 86. The 2015 year is using the levy as an estimate since the final extension information will not be available until the spring of 2016.

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Levy

Year

Taxes

Paid

Tax Rate

(Capped)

Capped

Extension % Change

Tax Rate

(Non Capped)

Non Capped

Extension

Total Tax

Rate Total Extension % Change

2015* 2016 1.5825 76,571,783$ 2.31% 0.0466 2,254,400$ 1.6291 78,826,183$ 2.91%

2014 2015 1.5856 74,839,994$ 2.03% 0.0264 1,754,399$ 1.6120 76,594,393$ 1.68%

2013 2014 1.5374 73,351,491$ 1.03% 0.0415 1,980,023$ 1.5789 75,331,513$ 0.48%

2012 2013 1.4509 72,605,822$ 3.58% 0.0473 2,366,983$ 1.4982 74,972,805$ 3.37%

2011 2012 1.2863 70,097,182$ 2.20% 0.0446 2,430,486$ 1.3309 72,527,668$ 3.09%

2010 2011 1.1666 68,590,709$ 3.27% 0.0300 1,763,862$ 1.1966 70,354,570$ 2.33%

2009 2010 1.0650 66,416,422$ 1.10% 0.0375 2,338,606$ 1.1025 68,755,028$ 1.06%

2008 2009 1.0620 65,696,901$ 5.32% 0.0378 2,338,364$ 1.0998 68,035,265$ 6.27%

2007 2008 1.0756 62,379,257$ 4.43% 0.0283 1,641,254$ 1.1039 64,020,512$ 3.14%

2006 2007 1.1161 59,730,878$ 5.13% 0.0437 2,338,715$ 1.1598 62,069,593$ 4.94%

2005 2006 1.1650 56,814,118$ - 0.0479 2,335,962$ 1.2129 59,150,080$ -

*2015 is the levy amount not the final extension

Tax Extension History

Impact on Homeowners

The following chart gives an example of the impact of the tax rate’s effect on an example homeowner. As noted in the introductory section, if District 86 were to ask for no additional dollars in any year it does not mean that a homeowner’s tax bill would not go up. The proportion of taxes that a homeowner pays is in direct relation to the proportion of the home’s value to the overall District EAV. Said another way, if one homeowner’s tax bill goes up another homeowner’s tax bill goes down.

Levy

Year

Market Value

of Home

EAV of

Home

Taxes Paid

to D86

Dollar

Change

%

Change

2015* 595,329$ 192,443$ 3,135$ 91$ 2.97%

2014 584,592$ 188,864$ 3,044$ 50$ 1.66%

2013 587,007$ 189,669$ 2,995$ 10$ 0.33%

2012 615,680$ 199,227$ 2,985$ 90$ 3.12%

2011 670,470$ 217,490$ 2,895$ 81$ 2.88%

2010 723,376$ 235,125$ 2,814$ 60$ 2.18%

2009 767,267$ 249,756$ 2,754$ 29$ 1.08%

2008 761,099$ 247,700$ 2,724$ 165$ 6.44%

2007 713,527$ 231,842$ 2,559$ 83$ 3.37%

2006 658,441$ 213,480$ 2,476$ 123$ 5.22%

2005 600,000$ 194,000$ 2,353$ -$ -

*2015 is an estimate the final extension is not known at this time

Impact on Example Homeowner

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Corporate Replacement Tax

In 1979 the Illinois Legislature enacted a law to implement the Corporate Personal Property Replacement Tax (CPPRT). The legislation was created to compensate local governing bodies after they lost their ability to levy personal property taxes on most business entities. A percentage of income taxes business pay is put into a Personal Property Tax Replacement Fund and then distributed to taxing bodies based off certain allocation factors. Below is the history of the District’s CPPRT collections along with the budgeted amount for the current year and future projections.

Budget

FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

CPPRT $1,093,041 $1,116,809 $1,129,786 $1,207,357 $1,266,140 $1,231,140 $1,231,140 $1,231,140

Actuals Projections

Student Enrollment

Hinsdale District 86 contracted a consulting demographer to compile student enrollment data and make projections for future enrollment. The most recent report was completed in August 2015 by Dr. John D. Kasarda. A demographer uses historic data for the district and any feeder districts, live birth data, and housing and construction reports to develop trends and calculate cohort survival rates. The trends and survival rates are used to make projections about future in the district. Below are some of the data generated by Dr. Kasarda in his report.

Year Central South Total

2005-06 2,560 1,920 4,480

2006-07 2,652 1,869 4,521

2007-08 2,624 1,882 4,506

2008-09 2,686 1,824 4,510

2009-10 2,755 1,825 4,580

2010-11 2,721 1,807 4,528

2011-12 2,780 1,748 4,528

2012-13 2,830 1,735 4,565

2013-14 2,777 1,710 4,487

2014-15 2,778 1,632 4,410

Historic Enrollment District 86

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0

500

1,000

1,500

2,000

2,500

3,000

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

Hinsdale District 86 Historic Enrollment by School

Central South

The demography report that was completed provides the District with enrollment projections based on the historic data that was noted above and assumptions made about future housing turnover as well as family in-migration. Dr. Kasarda provides three sets of projections. The first projection is based on the expected housing turnover and family in-migration. The second is a lower limit of student enrollment assumption and represents the lowest attendance Dr. Kasarda believes we will have. The third is an upper limit of student enrollment assumption, which is the highest attendance Dr. Kasarda believes we will have. Below are the projections that are most likely to occur over the next 10 years.

Year Central South Total

2015-16 2,773 1,558 4,331

2016-17 2,736 1,498 4,234

2017-18 2,722 1,481 4,203

2018-19 2,639 1,456 4,095

2019-20 2,638 1,448 4,086

2020-21 2,593 1,417 4,010

2021-22 2,608 1,410 4,018

2022-23 2,651 1,409 4,060

2023-24 2,700 1,462 4,162

2024-25 2,717 1,497 4,214

Projected Enrollment District 86

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0

500

1,000

1,500

2,000

2,500

3,000

2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

Hinsdale District 86 Projected Enrollment by School

Central South

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District Personnel Overall, District staffing levels have remained steady over the past five years. Slight fluctuations are caused by changes in student population or needs and changes to the district’s strategic vision. During the 2014-15 fiscal year, the District implemented a new ERP (Enterprise Resource Planning) system which allowed the district to implement position control for the first time. Prior to the new system the District managed position control manually. Below is the historic full-time equivalent (FTE) for the past four fiscal years and the current year.

2011-12 2012-13 2013-14 2014-15 2015-16

Teachers 338.00 336.00 336.00 330.50 328.40

Counselors 23.00 24.00 21.00 21.00 20.00

Social Workers 5.00 5.00 9.00 9.00 11.00

Librarians 7.00 7.00 7.00 7.00 6.00

Psychologists 0.00 0.00 4.00 4.00 4.00

Administration 16.00 16.00 16.00 22.00 25.00

Paraprofessionals 83.00 78.00 74.00 88.00 85.60

Buildings & Grounds 39.00 40.00 38.00 35.00 34.00

Information Technology 10.00 10.00 10.00 9.00 9.00

Support Staff 84.00 85.00 85.00 88.00 87.00

Total FTE 605.00 601.00 600.00 613.50 610.00

Hinsdale District 86 Historical FTE

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Bond Amortization Schedules Amortization schedules follow for the bonds that have been issued and are currently outstanding. The District does not have any plans to “refinance” the current debt within the next operating cycle.

Amount Coupon Interest Total Amount Coupon Interest Total

07/15/15 - 361,025 361,025 - 59,638 59,638

01/15/16 60,000 2.00% 361,025 421,025 840,000 4.00% 59,638 899,638

07/15/16 - 360,425 360,425 - 42,838 42,838

01/15/17 60,000 2.00% 360,425 420,425 875,000 4.00% 42,838 917,838

07/15/17 - 359,825 359,825 - 25,338 25,338

01/15/18 60,000 2.00% 359,825 419,825 910,000 4.25% 25,338 935,338

07/15/18 - 359,225 359,225 - 6,000 6,000

01/15/19 700,000 2.00% 359,225 1,059,225 300,000 4.00% 6,000 306,000

07/15/19 352,225 352,225

01/15/20 1,050,000 4.00% 352,225 1,402,225

07/15/20 331,225 331,225

01/15/21 1,080,000 4.00% 331,225 1,411,225

07/15/21 309,625 309,625

01/15/22 1,120,000 5.00% 309,625 1,429,625

07/15/22 281,625 281,625

01/15/23 1,180,000 5.00% 281,625 1,461,625

07/15/23 252,125 252,125

01/15/24 1,240,000 5.00% 252,125 1,492,125

07/15/24 221,125 221,125

01/15/25 1,300,000 5.00% 221,125 1,521,125

07/15/25 188,625 188,625

01/15/26 1,365,000 5.00% 188,625 1,553,625

07/15/26 154,500 154,500

01/15/27 1,435,000 5.00% 154,500 1,589,500

07/15/27 118,625 118,625

01/15/28 1,505,000 5.00% 118,625 1,623,625

07/15/28 81,000 81,000

01/15/29 1,580,000 5.00% 81,000 1,661,000

07/15/29 41,500 41,500

01/15/30 1,660,000 5.00% 41,500 1,701,500

TOTAL 15,395,000$ 7,545,400$ 22,940,400$ 2,925,000$ 267,625$ 3,192,625$

1/15/2030

$15,395,000

February 16, 2012

G.O. LIMITED TAX SCHOOL BONDS

2012

CALLABLE NON-CALLABLE

1/15/2019

November 1, 2008

G.O. LIMITED TAX SCHOOL BONDS

2008

$3,980,000

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Amount Coupon Interest Total Amount Coupon Interest Total

07/15/15

01/15/16

07/15/16 24,807 24,807 39,532 39,532

01/15/17 385,000 0.61% 21,264 406,264 33,885 33,885

07/15/17 20,089 20,089 33,885 33,885

01/15/18 395,000 1.18% 20,089 415,089 33,885 33,885

07/15/18 17,759 17,759 33,885 33,885

01/15/19 400,000 1.55% 17,759 417,759 33,885 33,885

07/15/19 14,659 14,659 33,885 33,885

01/15/20 410,000 1.89% 14,659 424,659 33,885 33,885

07/15/20 10,784 10,784 33,885 33,885

01/15/21 415,000 2.21% 10,784 425,784 33,885 33,885

07/15/21 6,199 6,199 33,885 33,885

01/15/22 395,000 2.46% 6,199 401,199 33,885 33,885

07/15/22 1,340 1,340 33,885 33,885

01/15/23 100,000 2.68% 1,340 101,340 360,000 2.70% 33,885 393,885

07/15/23 29,025 29,025

01/15/24 445,000 2.82% 29,025 474,025

07/15/24 22,750 22,750

01/15/25 460,000 2.94% 22,750 482,750

07/15/25 15,988 15,988

01/15/26 475,000 3.03% 15,988 490,988

07/15/26 8,792 8,792

01/15/27 560,000 3.14% 8,792 568,792

07/15/27

01/15/28

07/15/28

01/15/29

07/15/29

01/15/30

TOTAL 2,500,000$ 187,730$ 2,687,730$ 2,300,000$ 633,144$ 2,933,144$

December 15, 2015

Taxable Limited Tax School Bonds, Series 2015B

2015

$2,300,000

CALLABLE

December 15, 2015

Taxable Limited Tax School Bonds, Series 2015A

2015

$2,500,000

CALLABLE

1/15/2023 1/15/2027

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Student Achievement

School Profiles Follow

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A PartnershipinLifelong LearningHINSDALECENTRALH I G H S C H O O L • D I S T R I C T 8 6

http://hc.hinsdale86.org

Phone (630) 570-8253 Fax (630) 887-9518Superintendent Dr. Bruce LawPrincipal Dr. Mark KolkmanDirector of Counseling Mrs. Patricia Huebner (630-570-8250 or [email protected])CEEB/ACT School Code #: 142300

CommunityThe school is 17 miles west of Chicago and serves a suburban residential area of approximately 35,000 people. Students live in Hinsdale and sections of Burr Ridge, Clarendon Hills, Darien, Oak Brook, Westmont, and Willowbrook.

SchoolCentral is the older and larger of two four-year senior high schools in District 86. Fall 2015 enrollment at Central is 2,850 students with 725 seniors in the Class of 2016. Over 99% of Central’s students complete high school with 88.9% matriculating into 165 four-year colleges, 9.2% choosing two-year colleges and less than 1% pursuing other opportunities. Central is a member of The Col-lege Board and NACAC/IACAC. The average per pupil operating cost in 2014-2015 was approximately $18,161.53.

Organization of School Year The school year consists of four quarters, each nine weeks long. The day is divided into seven 50-minute periods. The first semes-ter ends on December 18, 2015, and the second semester ends on June 6, 2016.

FacultyOf the 248 certified faculty members, 226 hold Masters Degrees and 4 hold Doctorates. 19% of the faculty have 19 or more years of teaching experience in District 86. 20 teachers are Nationally Board Certified.

Student ServicesA comprehensive program of student services is provided. Thir-teen guidance professionals assist students with personal, so-cial-emotional, and academic concerns, college selections, and career/vocational plans. Complementing the counselors are social workers, psychologists, deans, nurses and a fully-inclusive Special Education Program.

Counselors Mr. Rob Aurich – (630-570-8259 – [email protected])Mr. Edward Formanski – (630-570-8265 – [email protected])Mrs. Gia Georgeow-Maniscalco – (630-570-8263 – [email protected])Ms. Kari Hein – (630-570-8258 – [email protected])Ms. Lisa Hikes – (630-570-8260 – [email protected]) Mrs. Maggie Hilding – (630-570-8264 – [email protected])Ms. Cynthia Kasten – (630-570-8261 – [email protected])Mr. Kevin Koehler – (630-570-8266 – [email protected])Mr. Michael Litton – (630-570-8269 – [email protected])Mr. John Marinier – (630-570-8256 – [email protected])Mrs. Teresa Marshall – (630-570-8262 – [email protected])Ms. Angeline Matos – (630-570-8259 – [email protected])Mr. Mark McCabe – (630-570-8267 – [email protected])Mrs. Donna Wheeler – (630-570-8257 – [email protected])

Registrar Mrs. Tracy Kielp (630-570-8148 or [email protected])

Extracurriculars Central students are highly involved in school activities. There is an extremely rich tradition in athletics with 31 sports available to men and women. Hinsdale Central athletes have captured 93 state championships, the second most among high schools in the state. Last year 2014-15, Hinsdale Central broke the IHSA State Record for most State Championships in one year. HCHS captured championships in Boys Golf, Girls Golf, Girls Tennis, Boys Cross Country, Boys Soccer, Forensics (Speech), Boys Swimming and Boys Tennis. In addition, more than 90% of the student body participate in at least one of the 85+ active clubs or organizations. HCHS was recognized in 2007 as a State School of Character and in 2008 as a State and National School of Character.

Class of 2015 Stats:683 graduates98.1% of graduates are college bound (4 yr. = 88.9%, 2-yr .= 9.2%)23 National Merit Semi-finalists20 National Merit Finalists35 National Merit Commended 1 National Hispanic Recognition Scholar290 Illinois State Scholars1 National Achievement Semi-finalist1 National Achievement Finalist

Class of 2015 Tests

ACTAverage Composite: 27.7 688 students took the ACT

SAT Reasoning

SAT Subject Tests

55th and Grant Streets, Hinsdale, IL 60521

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Total Average Students Score 688 27.7 Score Total % 33-36 132 19 28-32 249 36 24-27 164 24 20-23 94 14 16-19 36 5 13-15 10 1 1-12 3 0

Score M V W Mean=652 Mean=633 Mean=633 750-800 23 20 19 700-749 29 15 23650-699 26 25 17600-649 22 32 29550-599 15 21 24500-549 4 8 11450-499 11 8 5400-499 3 3 3200-399 1 2 3

Number MeanChemistry 42 697Chinese-L 1 780Eco-Bio 5 672French 3 460 French-L 1 430German 1 430Latin 6 618Literature 29 634Math-L1 14 671Math-L2 78 730Mole-Bio 17 704Physics 15 681Spanish 18 658US History 47 677World History 6 583

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DepartmentArt

Business

English

Family and Consumer Sciences

Mathematics

Music (Honors level is available in allmusic courses with department approval)

Science(Placement in Chemistry Has a freshman is dependenton Math placement)

Social Studies

Technology Education

World Languages

Advanced Placement Examinations 997 students took 2,337 examinations. 86% of students earned a 3, 4, or 5 on at least 1 test.86.6% of test scores were 3, 4, or 5.

Graduation RequirementsTo graduate, a student must earn a minimum of 24.0 credits and successfully meet the following require-ments:

CreditsEnglish . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.0Mathematics . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.0 Science . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.0U.S. History . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.0World Cultures . . . . . . . . . . . . . . . . . . . . . . . . . . 1.0Elective Arts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.0Physical Education/Health . . . . . . . . . . . . . . 3.5/0.5

Consumer Education . . . . . . . . . . . . . . . . . . . . . . 0.5

Academic InformationDistrict 86 does not maintain class rank. Quarter grades earned in all courses, exclusive of Physical Education and Driver Education, are used to deter-mine Dean’s List and Honor Roll according to the grade-point system noted below. Both weighted and unweighted GPAs are reported.

Honors and Advanced Placement Courses (weighted): A = 6, B = 5, C = 4, D = 2, F = 1

All other courses (unweighted):A = 5, B = 4, C = 3, D = 2, F = 1

Dean’s List: 4.5 GPA/No grade below a “C”Based on Quarter Grades

Honor Roll: 4.0 GPA/No grade below a “D”Based on Quarter Grades

GPA for the Class of 2016: 713 StudentsAt the end of six semesters: Low Median Mean HighWeighted 1.6 4.5128 4.482 5.9778

Unweighted 1.6 4.25 4.1207 5.0

Honors (H) and Advanced Placement (AP) sequences of courses offered at HCHS

Advanced Placement Examinations Art History 9 Biology 60 Calculus AB 192 Calculus BC 93 Chemistry 56 Chinese Lang. 13Comparative Gov’t & Politics 1Computer Sci A 81 Economics: Macro 105 Economics: Micro 147 English Language 245 English Literature 152 Environmental Sci 105 European History 127 French Language 13 German Language 3Gov’t & Politics US 55

Human Geography 1Latin 1Music Theory 12Physics 1 138Physics 2 11Physics C: E&M 34Physics C: Mech 38Psychology 171Spanish Language 39Spanish Literature 12Statistics 57Studio Art - 2D 3Studio Art - 3D 2Studio Art: Drawing Portfolio 2U.S. History 306World History 53

FreshmanAdv Drawing (H) 52Adv Painting (H) 52Adv Jewelry (H) 52Adv Ceramics (H) 52Digital Img 3 (H) 52Studio Art (H)

English I (H)

Geometry (H)Integrated Algebra and Geometry (H)Algebra II/Trig (H)

Biology (H)Earth Science (H)Chemistry (H)

World History (H)

Graph Comm-Dsktop Pub (H)Graph Comm-Web Dsgn (H)

French I (H)French II (H)German I (H)Latin I (H)Spanish ISpanish II (H)

Spanish III (H)

SophmoreAdv Drawing (H)Adv Painting (H)Adv Jewelry (H)Adv Ceramics (H)Digital Img3 (H)AP Art HistoryIdeas in Art (H)Studio Art (H)

English II (H)

Architec Sty & Desn (H)

Algebra II/Trig (H)Pre-Calculus (H)AP StatisticsAP Computer Science A

AP Music Theory

Chemistry (H)Biology (H)Earth Science (H)Physics (H)Sci Inquiry & Research (H)

AP European History

Eng Graph (H)Dig Color Photo (H)Adv Photo (H)Graph Comm-Dsktop Pub (H)Graph Comm-Web Dsgn (H)Graph Comm-Adv (H)

French II (H)French III (H)German II (H)Latin II (H)Spanish II (H)Spanish III (H)

Spanish V H Spanish Stud Spanish V H Latin Amer Stud

JuniorAdv Drawing (H)Adv Painting (H)Adv Jewelry (H)Adv Ceramics (H)Digital Img 3 (H)AP Art HistoryIdeas in Art (H)AP Studio ArtStudio Art (H)

Business Law 1 (H)Business Law 2 (H)Internship (H)Accounting (H)

AP Language and Composition

Architec Sty & Desn (H)

Pre-Calculus (H)AP Calculus ABAP Calculus BCAP StatisticsAP Computer Science A

AP Music Theory

AP BiologyAP ChemistryPhysics (H)Chemistry (H)AP Environmental ScienceEarth Science (H)Sci Inquiry & Research (H)

AP U.S. HistoryAP Economics Micro or MacroAP PsychologyAP U.S. Gov’t. & PoliticsPhilosophy (H)

Eng Graph (H)Arch Draft (H)Dig Color Photo (H)Adv Photo (H)Graph Comm-Dsktop Pub (H)Graph Comm-Web Dsgn (H)Graph Comm-Adv (H)

French III (H)French IV (H)German III (H)Latin Literature/AP Latin (Virgil)Spanish III (H)Spanish IVSpanish V H Spanish StudiesSpanish V H Latin American StudiesAP Spanish LanguageAP Spanish LanguageAP Spanish LiteratureSpanish V H Spanish StudiesSpanish V H Latin American Stud

SeniorAdv Drawing (H)Adv Painting (H)Adv Jewelry (H)Adv Ceramics (H)Digital Img 3 (H)AP Art HistoryIdeas in Art (H)AP Studio ArtStudio Art (H)

Business Law 1 (H)Business Law 2 (H)Internship (H)Accounting (H)

AP Lit & Comp or Hon Sem Wrtg

Architec Sty & Desn (H)Invitation to Teach (H)

AP Calculus ABAP Calculus BCAP StatisticsAP Computer Science AMath Topics I and II Honors

AP Music Theory

Earth Science (H)AP Physics B or CAP BiologyAP ChemistryAP Environmental ScienceSci Inquiry & Research (H)

AP Economics Micro or MacroAP PsychologyAP U.S. Gov’t. & PoliticsPhilosophy (H)

Eng Graph (H)Arch Draft (H)Adv Eng & Arch Mod (H)Dig Color Photo (H)Adv Photo (H)Graph Comm-Dsktop Pub (H)Graph Comm-Web Dsgn (H)Graph Comm-Adv (H)

French IV (H)AP French Language or French V HGerman IV (H)AP Latin (Virgii)/Latin Literature (H)Spanish IV, Span V H or AP Span LangSpanish V H Spanish StudiesSpanish V H Latin American StudiesAP Spanish LanguageAP Spanish LiteratureAP Spanish LanguageAP Spanish literatureSpanish V H Spanish StudiesSpanish V H Latin American Studies

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A Partnership inLearning

HINSDALESOUTHH I G H S C H O O L • D I S T R I C T 8 6

http://hs.hinsdale86.org

Phone (630) 468-4000 Fax (630) 920-8649Superintendent Dr. Bruce LawPrincipal Mrs. Stephanie PalmerDirector of Counseling Mr. Michael Holland (630-468-4250 or [email protected])CEEB/ACT School Code #: 141428

CommunityPrimarily a middle and upper middle class residential suburban area, located approximately 20 miles southwest of Chicago in DuPage County, with some professional, business, and light industrial enterprises. Serving residents of Burr Ridge, Darien, Westmont, Willowbrook and sections of Clarendon Hills, Down-ers Grove and Hinsdale.

SchoolHinsdale South is one of two 4-year comprehensive high schools in Hinsdale School District 86. Enrollment at South is approxi-mately 1,619 students with 441 seniors in the Class of 2016. Over 96% of South’s students complete high school with 65% of the Class of 2015 pursuing a four-year college education, 31% con-tinuing at two-year colleges and 4% entering other opportunities. Hinsdale South is a member of the North Central Association, The College Board, and NACAC/IACAC. The average per pupil oper-ating cost is approximately $18,161.53.

Organization of School Year The school year consists of four quarters, each nine weeks long. The day is divided into seven 50-minute periods. The first semes-ter ends on December 18, 2015 and the second semester ends on May 27, 2016.

FacultyOf the 151 certified faculty members, 141 hold a Masters Degree and 2 hold Doctorates. 20% of the faculty have 19 or more years of experience in education. 8 teachers are Nationally Board Certi-fied.

Student ServicesA comprehensive program of student services is provided. Eight counseling professionals assist students with personal, social and academic concerns, college selection, and career/vocational plans. Complementing the counselors are four social workers, two school psychologists and a fully inclusive Special Education program.

Counselors Mr. Jim Dickerson – (630) 468-4254 – [email protected] Mr. Hank Eubanks – (630) 468-4253 – [email protected]. Jennifer Fichter – (630) 468-4256 – [email protected]. Ellen Jacobson – (630) 468-4258 – [email protected]. Lara Jarman – (630) 468-4260 – [email protected]. Katie Lennox – (630) 468-4255 – [email protected]. Robert Morgan – (630) 468-4259 – [email protected]. Kathy Peterson – (630) 468-4019 – [email protected]

Registrar Mrs. Annette Sarocco – (630) 468-4269 – [email protected]

ExtracurricularsHinsdale South offers numerous extracurricular programs enabling students to expand their academic and social skills develop friend-ships and participate in wholesome activities. Students can choose to participate in 33 sports available to young men and women. Historically over 76% of our graduates have taken part in the more than 77 organizations available to all students.

Class of 2015 Stats:400 Graduates 96% of graduates are college bound65% - 4 Year college bound 31% - 2 Year college bound 12 National Merit Semi-Finalists 8 National Merit Finalists1 National Achievement2 National Rocognition73 Illinois State Scholars

Class of 2015 TestsACT Score Breakdown:Average Composite Score23.4 for 375 Students

SAT ReasoningTest ScoreBreakdown:

SAT Subject Tests

7401 Clarendon Hills Rd., Darien, IL 60561

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ACT Score Total %33 – 36 31 828 – 32 61 1624 – 27 80 2120 – 23 102 2716 – 19 70 1913 – 15 28 7 1 – 12 3 1

SAT Reasoning Test

Score Critical Math Writing Reading Mean=624 Mean=645 Mean=624750 – 800 5 6 2700 – 749 3 4 13650 – 699 9 8 3600 – 649 5 7 5550 – 599 5 1 2500 – 549 4 8 2450 – 499 1 1 5400 – 449 2 3200 – 399 1

SAT Subject Tests Number MeanSpanish 4 773Literature 3 687Math – Level 1 1 660Math – Level 2 9 747Biology – Eco 4 703Biology – Mole 7 701Chemistry 3 653US – History 5 726

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Honors and Advanced Placement Sequences (This is a listing of all Honors-H and Advanced Placement-AP courses offered at Hinsdale South)

DepartmentArt

Business

English

FACS

Mathematics

Music

Physical Education

Science

Social Studie

Technology

World Languages

SeniorAP Studio ArtAP Art HistoryPhoto II (H)Honors Portfolio

Business Law I (H)Business Law II (H)Accounting (H)Marketing (H)Entrepreneurial Studies (H)

AP English Lit & CompJournalism: Yearbook (H)Journalistic Writing (H)

Invitation to Teaching (H)

Precalculus (H)Alg II/Trig (H)AP Calculus ABAP Calculus BCAP StatisticsMath Topics Computer Sci (H)AP Computer Science AMath Topics I (H)Math Topics II (H)

Concert Band (H)AP Music TheoryConcert Orchestra (H)Symphonic Percussion (H)Symphonic Band (H)Varsity Mixed Chorus (H)Varsity Treble Chorus (H)Madrigals/Jazz (H)

Advanced Health (H)

AP BiologyAP ChemistryAP Physics CAP Environmental ScienceAP Physics IAP Physics IIStudent Inquiry & Research (H)

AP PsychologyAP Econ: MacroAP Econ: MicroAP Gov & Politics, US

Pre-Engineering I (H)Pre-Engineering II (H)Architecture & Design (H)Engineering & Design (H)Advanced Engineering &Architectural Modeling (H)

German I (H)German II (H)Gennan III (H)AP German LanguageGerman V (H)Latin I (H)Latin II (H)AP LatinLatin Lit (H)French I (H)French II (H)French III (H)AP French LanguageFrench V (H)Spanish II (H)Spanish III (H)AP Spanish LanguageSpanish V (H)

JuniorArt Foundation (H)AP Studio ArtAP Art HistoryPhoto II (H)Honors Portfolio

Business Law I (H)Business Law II (H)Accounting (H)Marketing (H)Entrepreneurial Studies (H)

AP English Lang & CompJournalism: Yearbook (H)Journalistic Writing (H)

Precalculus (H)Alg II/Trig (H)AP Calculus ABAP Calculus BCAP StatisticsMath Topics Computer Sci (H)AP Computer Science A


Advanced Health (H)

AP BiologyAP ChemistryAP Physics CAP Environmental ScienceAP Physics IAP Physics IIStudent Inquiry & Research (H)

AP PsychologyAP US HistoryAP Econ: MacroAP Econ: MicroAP Gov & Politics, US

Pre-Engineering I (H)Pre-Engineering II (H)Architecture & Design (H)Engineering & Design (H)Advanced Engineering &Architectural Modeling (H)

German I (H)German II (H)German III (H)AP German LanguageLatin I (H)Latin II (H)AP LatinLatin Lit (H)French I (H)French II (H)French III (H)AP French LanguageSpanish II (H)Spanish III (H)AP Spanish Language

SophomoreArt Foundation (H)AP Art HistoryPhoto II (H)Honors Portfolio

Intro to Business (H)

English ll (H)Journalism: Yearbook (H)Journalistic Writing (H)

Geometry (H)Alg II/Trig (H)Precalculus (H) AP Computer Science AAP Calculus AB


Chemistry (H)Student Inquiry & Research (H)

AP European HistoryAP Psychology

Pre-Engineering I (H)Pre-Engineering II (H)Architecture & Design (H)Engineering & Design (H)

German I (H)German II (H)Gennan III (H)Latin I (H)Latin II (H)French I (H)French II (H)French III (H)Spanish II (H)Spanish III (H)

FreshmanArt Foundation (H)Photo II (H)

Intro to Business (H)

English I (H)Journalism: Yearbook (H)

Geometry (H)Alg II/Trig (H)

Concert Band (H)AP Music TheoryConcert Orchestra (H)Symphonic Percussion (H)

Physics (H) AP Physics I

World Studies (H)

Pre-Engineering I (H)Pre-Engineering II (H)

German I (H)Latin I (H)French I (H)French II (H)Spanish ll (H)

Advanced Placement Examinations563 students took 1239 Examinations57% of students earned a 3, 4, or 5 on at least one test.62% of test scores were 3, 4, or 5.

Graduation RequirementsTo graduate, a student must earn a minimum of 24.0 credits and successfully meet the following requirements:

CreditsEnglish . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.0Mathematics . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.0 Science . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.0U.S. History . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.0World Cultures . . . . . . . . . . . . . . . . . . . . . . . . . . 1.0Elective Arts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.0Physical Education/Health . . . . . . . . . . . . . . 3.5/0.5

Consumer Education . . . . . . . . . . . . . . . . . . . . . . 0.5

Academic InformationDistrict 86 does not maintain class rank. Quarter grades earned in all courses, exclusive of Physical Education and Driver Education, are used to determine Deans List and honor roll according to the grade point system noted below. Both weighted and unweighted GPAs are reported.

Honors & Advanced Placement Courses(weighted): A = 6, B = 5, C = 4, D = 2, F = 1

All other courses (unweighted):A = 5, B = 4, C = 3, D = 2, F = 1

Dean’s List: 4.5 GPA/No grade below a “C”Based on Quarter Grades

Honor Roll: 4.0 GPA/No grade below a “D”Based on Quarter Grades

GPA for the Class of 2015: 400 StudentsAt the end of six semesters: Low Median Mean HighWeighted 1.50 4.06 4.11 5.97

Unweighted 1.50 3.95 3.86 5.00

Advanced Placement Examinations

Art Draw/Design 10Art History 7Biology 144Calculus AB 53Calculus BC 10Chemistry 61Chinese 1Comp Science A 24Econ-MAC 59Econ-MIC 53English Language 125English Literature 56Environmental Science 39

European History 120French Language 5German Language 5Gov. & Politics: US 25Latin 8Physics 1 36Physics C – E&M 27Physics C – Mechanics 24Psychology 108Spanish Language 47Statistics 62World History 1US History 129

169898 D86 south r4.indd 2 9/29/15 3:11 AM

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Appendix

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District 86 Budget Guide

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2015-16 Budget GuideFor the CommunityAn overview of how District 86 continues its tradition of excellence.

IlIXSI)ALJ )t in i i lISt)t,I (INiltI. I LINS1)A1i

s i-n i i II 1 ;i I S 1 I !. 1’It$NSITION

The budget information contained in this document is based on the 2015-16 budget adopted by the Board of Education on September21. 2015.

101 of 262

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StudentsStudents• 4,418 Students• 14 Perfect ACT scores in 201 5

Free and Reduced Lunch Program1 4% of the students in our District participatein either the free or reduced lunch program.A student qualifies for the program if his/herfamily income is below a certain federal level.For a family of four the household incomemust be below $31,525 peryearto qualify forthe free-meal program and under $44,863 forthe reduced-meal program.

EnrollmentDistrict 86 ordered a demography study in201 5 to understand its population trend overthe next several years. The decline noted in theprojection chart is expected to remain betweenthe 4,200 and 4,300 student level withHinsdale Central with enrollment around 2,800and Hinsdale South enrollment 1 .400.

hI

I

Two orStudent Demographics More

RacesAfrican

9%—,

2015-2016 Enrollment by Grade1,400

1,200

1.000

800

600

400

200

C Hinsdale South

• Hinsdale Central

IL-

9th Grade 10 Grade J_1 lth Grade

358 393 382

705 729 662

12th Grade

469

720

Historical and Projected StudentEnrollment

4,600

4,500

4.400

4,300

4,200

4.100

4,0002O122013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

.—v rfr.

_____

—-

_____

Hinsdale District 86 Budget. 201 5-201 6 3

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Academic Achievement

State Assessment Results

201 1

2012

2013

2014

2015

21.1

21.1

20.9

21.0

21.0

20.9

20.9

20.6

20.7

20.7

25.1

25.2

25.1

25.3

I24.9

‘ 4

: ‘

[.]iJ L_.2014 26% 26% 55%

2015 28% 26%

MEETING BENCHMARKS IN ALL 4 AREAS

_______________

[The dates displayed in these charts were taken from the 2014-2015 School Report Card. The percentage of students who “meet

college readiness benchmarks on ACT” comes from data collected over a multi-year period.

Freshmen On Track to Graduate

1oo,fl

2014 2015

I District I State

Resources

Students identified as “on track” have earned at least five full-year course credits (10 semester credits) and have earned no

more than one semester “F” in a core course (English, math, science, or social science). Course credits from summer sessions

are not included in this calculation. Freshmen on track is a key predictor of high school success. Students who finish the ninth

grade year on track are almost four times as likely to graduate from high school as students who are not on track. Research

shows that the number of students on track and the graduation rate rise when schools actively intervene by identifying freshmen

at risk and providing tutoring, additional instruction, and other individualized services.

4 Hinsdale District 86 Budgets 2015-2016

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Passing Rate represents the percentage of students who earned scores or 3, 4 or 5 on an exam.

76’-

82%‘°

AP COURSE PARTICIPATION100% Number of AP Tests Compared to

90% Building Enrollment by Year

80%70% 71% ‘°“° ‘°“°

70%

60%

50%

40,6

30%

20%

10%

0%— —‘——— —

___

—

2010-2011 2 011-2012 2012-2013 2013-2014

School Year

ISouth Central

2014-2015

73.(.

90.5%

-

100%a)

90%

80%

• 70%ci)

Q 60%

50%

40%

0) 30%

- 20%

I-;10%

772,0%

AP TEST RESULTSPercent of Test Takers Earning a Passing Score

2013-2014 2014-2015

2015 Pass RatesIllinois = 65%

National 57.9%Global - 61%

2011-20122010-2011 2012-2013

School Year

South CentraI

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2015 NATIONAL AP SCHOLAR RECOGNITIONHinsdale Township District 86

HINSDALE SOUTH

Award Criteria

Al’ Scholar Granted to students who receive scores of 3 or higher on three or more Al’ Exams

Granted to students who receive an average score of at least 3.25 on all Al’ Exams taken and scores of 3 or higher on four orAP Scholar with Honor more of these exams

Granted to students who receive an average score of at least 3.5 on all Al’ Exams taken and scores of 3 or higher on five orAP Scholar w/ Distinction

more of these exams

National AP Scholar Granted to students who receive an average score of at least 4 on all AP Exams taken and scores of 4 or higher on eight ormore of these exams

2012 59 27 90 22 198

2013 68 35 85 28 216

2014 74 43 85 22 224

2015 78 46 94 20 236

HINSDALE CENTRAL

jJfl.t(!Jur-giJwi4..

1,791 20%

1,728 23%

1,690 23%

1,608 30%

1 666 32%

‘ . •iTii4

2,782 4%

2,804 5%

2,861 5%

2,806 5%

2798 8%

2011

2012 100 73 198 56 427

2013 14 95 196 54 485

2014 157 78 212 52 507

2015 146 92 233 55 526

AWARD LEVELS

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Total Budget

Each year our Board of Education adopts a budget for the school year. The adopted budget guidesAdministration in how funds are spent toward instructional programs for students. For this budgetAdministration used zero based budgeting. Zero-based budgeting allows Administration to identifyall programs and initiatives that are demanding resources, prioritize those expenditures based on theadopted budget and then build school budgets based on what they need.

Total Budget for 20 15-2016

Amount

$ 72,649,040

S 10,343,308

$ 1,838,192

$ 3,064,009

S 1,325,988

5 4,086,527

$ 2,300,186

$ 4,835,905

S 708,132

5 101,151,287

Percent of Budget

7 1 .8%

10.2%

1 .8%

3.0%

1 .3%

4.0%

2.3%

4.8%

.8%

1 00.0%

Education

Operations & Maintenance

Debt Services

Transportation

Social Security

Municipal Retirement (IMRF)

Capital Projects

Working Cash

Tort

Total

/HINSDALE HIGH SCHOOL DISTRICT 862015—16 BUDGET

Operations/Maintenance Fund: 10.2%

Debt Service Fund: 1.8%

Transportation Fund: 3.0%

Capital Projects Fund: 2.3%

IMRF/FICA Fund: 5.3%

Working Cash: 4.8%Education Fund: 71.8%

Tort Fund: Less than 1%

/

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Funds

EDUCATION FUND: $72,649,040— 71.8%

This is the Districts main operating budget. This fund pays for instructional programs,daily operations of our schools, and general functions of our District including salariesfor most employees.

OPERATIONS AND MAINTENANCE FUND: $10,343,308 - 10.2%

The District utilizes this fund to pay for all necessary repairs and maintenance, custodialservices and utilities.

DEBT SERVICE FUND: $1,838,192 — 1.8%

The District pays for its debt through this fund. The Debt Fund receives the money thatis collected from our taxpayers to repay the debt.

TRANSPORTATION FUND: $3,064,009 - 3.0%

This fund pays for the Districts transportation services. We do not own school buses sohave contracted with First Student to provide our student transportation needs. TheDistrict requires 30 buses to transport children to and from school in addition to theextra-curricular events.

ILLINOIS MUNICIPAL RETIREMENT FUND (IMRF)/SOCIAL SECURITY (FICA)FUND -$5,412,515— 5.3%The District pays employer contributions to IMRF for employees’ pensions and socialsecurity from this fund.

WORKING CASH FUND: $4,835,905 — 4.8%

The District uses the working cash fund as a source of liquidity and to issue bonds. The_ working cash fund in this particular school year will issue 54.8MM worth of bonds,

S 2.3MM of which will support the renovation and expansion of our Transition CenterBuilding and Adult Opportunity Program and S 2.5MM to reduce the Districts pensionliability in the IMRF pension fund.

TORT FUND: $708,132— .8%The District pays for insurance to cover property liability and workers’ compensationout of this fund.

F

CAPITAL PROJECTS FUND: $2,300,186— 2.3%

The Capital Projects Fund is where expenditures for facility projects.

8 Hinsdule District 86 Budget. 201 5-201 6

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Operating Budget

IThe majority of ouroperating budget goestoward instruction and

support services for our students.The operating budget includes theEducation Fund, Operations andMaintenance Fund, TransportationFund, IMRF/FICA Fund, Tort andWorking Cash.

Included in the operating budget areall costs associated with instruction,improvement of instruction,maintenance of schools, andoperations of the school offices andAdministration.

Since these accounts determinethe level of service our students willreceive, allocation takes planning.The Board reviews these prioritiesand assumptions on a regular basisthroughout the school year.

INSTRUCTION OF STUDENTS: $ 62,218,326.09 —

64.1 % OF OPERATING BUDGETThis budget line includes all costs associated with classroominstruction, such as teacher salaries, benefits, suppliesand activities. Also included are the costs from variousinstructional services like special education and guidance aswell as out-of-district tuition.

DIRECT SUPPORT TO STUDENTS: $ 28,623,619.79—29.5% OF OPERATING BUDGETThis category includes salaries and benefits for school officestaff (including principals) and maintenance and custodialstaff. Cost of transporting our students, student safety,phone and communications, and technology are alsoincluded in this cost object.

INDIRECT SUPPORT TO STUDENTS: $6,170,963.12 —

6.4% OF OPERATING BUDGETThere are many centralized services provided tothe schools. A sampling of the items in this budgetinclude the Superintendents office, instructional offices,human resources, business services, technology andcommunications. Each school depends on these services torun its educational programs.

GENERAL FUND BUDGET64.1%

Instruction of Students:$ 62,218,326.09

Direct Support to Students:$ 28,623,619.79

Indirect Support to Students:$ 6,170,963.12

29.5%

LInstructionof Students

6.4%

DirectSupport ofStudents

IndirectSupport ofStudents

Hinsdale District 86 Budget 201 5-20 I 6 9

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Revenues

The information on this pagedetails the revenue District 86anticipates collecting in the2015—16 fiscal year

TOTAL REVENUES FOR 201 5-16

ALL FUND ACCOUNTS:$101,151,287

Local Sources: $ 84,738,071State Sources: $ 4, I 65, 1 55Federal Sources: $ 1,407,922

Bond Revenue S 4,800,000Revenue Transfers $ 6,040, 140

183.8%)(4.1%)(1.4%)

)4.7%)16.0%)

Local Sources:State Sources:Federal Sources:BondRevenue Transfers

$83,481,333$ 4,165,155$ 1,407,922$ 4,800,000$ 3,158,500

186.1%))4.3%)(1.4%)(4.9%)(3.3%)

Local Sources: 83.8%

State Sources: 4.1%I

VFederal Sources: 1.4%

NBond Revenue: 4.7%

Revenue Transfers: 6.0%

Local Sources: 94.3%

_ State Sources: 4.3%

Federal Sources: 1.4%

OPERATING FUND ACCOUNTS:$97,012,909

10 Hinsdale District 86 Budget. 201 5-2016

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Sources of Revenue - Education Fund

This page shows the revenue sources forthe Education Fund. The majority of ourrevenue for the education fund comesfrom local property taxes.

EDUCATION FUND REVENUESFOR 201 5-2016

LOCAL SOURCES 94%: $68,308,963These include property taxes collected from those who own homesand businesses in District 86. It also includes tuition and interestearned on investments.

STATE SOURCES 4.1%: $2,985,155This includes state aid and state grants. Approximately SI .7 millionof this revenue is threatened under proposed legislation.

FEDERAL SOURCES 1.9%: $1,354,922This includes federal grants and Individuals with DisabilitiesEducation Act (IDEA) funding.

Hinsd2lle District 86 Budget. 201 5-2016 11

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Sources of Revenue - Education Fund

This chart highlights the

* number of full-time equivalent(FTE) District 86 staff. The

majority of our employees are teachersand non-certified staff who providesupport in the classroom.

DISTRICT 86 STAFF

CERTIFIED STAFF:Teachers, counselors,speech languagepathologists, socialworkers and psychologists.

NON-CERTIFIEDSTAFF: Administrativeassistants, custodiansmaintenance staffnurses and informationtechnology employees.

DISTRICTADMINISTRATORSAND STAFF: TheSuperintendent,department directorsand associated staff.

SCHOOL-BASEDADMINISTRATORS:Principals, assistant principalsand deans.

4-.*—m.

Among high schooldistricts, District 86ranks in the lowestquartile in the statefor administrative costper student.

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Frequently Asked Questions

\ These are commonly asked questions by our community regarding our budget and finances.

LWe gather these questions through the year and answer the most frequent ones in this sectionof the Budget Guide. If you have questions that are not answered here, please contact one ofthe District Departments. Contact information is available on page 1 6 of the Budget Guide.

0: Where do my propertytaxes go?

A: Property taxes are distributedto several taxing bodies. District86 crosses several villages andas such it makes difficult to fitall possibilities into one answerFor more details please call theappropriate agency based on thecounty you live in:

• DuPage County TreasurersOffice at 630-407-5900 or visittheir website: https://www.dupageco. org/treasurer!

• Cook County TreasurersOffice at (3 1 2) 443-51 00 orvisit their website: http://cookcountytreasurer com/

0: How often is a homereassessed?

A: Reassessments of a homesvalues are done on a three-year rotational basis in bothcounties. This is referred to as thetriennial reassessment. For moreinformation on reassessments,please contact the appropriateagency based on the county youlive in:

• DuPage County AssessorsOffice at 630-407-5858 or visittheir website at: http://www.dupageco. org/soa/

• Cook County AssessorSOffice at 3 1 2-443-7 550 orvisit their website at: http://cookcountyassessor com!

0: Isn’t it correct that thetax caps instituted weremeant to keep my taxes fromincreasing?

A: The Property Tax ExtensionLimitation Law (PTELL) “tax cap”was put in place to limit thegrowth of property tax revenuegenerated by taxing entities,not keep taxes from increasing.Prior to the tax cap Ta schooldistricts had much more flexibilityto increase taxes without a voteof the public. Under the tax cap,a school districts property taxextension can increase annuallyup to 5% OR the rate of inflationas measured by the ConsumerPrice Index (CPI), whichever islower Since 1 990 the PTELL hasnever been higher than 5%.

0: Is it true that even with taxcaps, school districts are stillable to increase taxes on someproperty?

A: Since communities areconstantly evolving, legislatorsrecognized that some provisionwas needed to adjust for changessuch as enrollment growth. Theprovision, commonly referred toas “new growth”, allows schooldistricts to levy additional propertytaxes for increases in the assessedvalue related to new constructionand other improvements.

0: It seems to me that mytaxes go up every year beyondthe increases allowed, eventhough nothing has reallychanged with my home. Canyou explain this?

A: One answer could be thatanother taxing body to which youpay taxes has raised its tax rateeither through a vote of the publicor a vote of its governing board.In the case of school districts,tax rate increases can only occurfollowing a public vote. District86 has not had a voted tax rateincrease for operations sincethe inception of the “tax cap.”Additionally, District tax paymentsare based upon the equalizedassessed valuation (EAV) of all ofthe property contained withinDistrict 86. What this means for anindividual taxpayer is that even ifthe assessed value of their homedoes not change from one yearto the next, if the percentage ofthat propertyS share of the totalDistrict 86 EAV increases fromone year to the next, the taxpayment would be larger Thiscould occur if many homes in thearea are assessed at a lower valueby the assessorS office from theprior year It can also occur if abusiness is successful in a petitionto the courts to have its assessedvaluation lowered. Along thesame lines, if the assessed value ofyour home goes up from one yearto the next, your tax payment willlikely increase. Taxing bodies likeschool districts request an amountof money; the clerk sets tax ratesto collect the money levied.

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0: Is it true that the Districtwill at times sell bonds to payfor building projects?

A: District 86 does sell bonds fromtime to time to pay for buildingadditions, maintenance repairsand other items that can’t becompleted through the normalbudget process.

0: What type of interest ratedoes the District receive onthose bonds that are paidback?

A: The interest rate District 86pays is one of the lowest. This isdue to the fact that Standard andPoor has bestowed the Districtwith the highest bond ratingpossible (AM).

0: What is the District FundBalance?A: The fund balance at the endof the 20 14-15 school year (June30, 201 5) is SI 9.3 million whichis 27 percent of the educationfund budgeted expenditures forthe 2015-16 school year. The staterecommends that districts keep atleast 25 percent in reserves.

0: Why is the fund balanceneeded?

A: The reason for reserves is thatthe District receives most of itsrevenue twice each year throughlocal taxes — once in June andagain in September. In order topay all the expenses betweenthose two time periods, theDistrict must have funds in reserveto make payments. Fund balancefluctuates through the year aspayments are made to vendorsand payroll in between revenuepayments. Further fund balanceis needed in case of unanticipatedrepairs and maintenance as wellas revenue elimination at the statelevel.

0: How does our Districtcompare to other districtsin the area of “average perstudent” spending?

A: District 86 has one of thelower averages when comparedto other high school districts. Thespending per pupil is illustrated inthe graph on the next page.

0: What is the averageper student” spending forinstruction?

A: While there are likely manyways this could be determined,the State of Illinois calculates theInstructional Expenditure Per Pupiland the Operating ExpenditurePer Pupil for every school districtin the state. The State takes allof the direct costs associatedwith teaching students or theinteraction between teachers andstudents to figure the Expenditureper Pupil and takes the grossoperating cost of a school districtexcluding summer school, adulteducation, bond principal retiredand capital expenditures. Thisinformation is shown in thegraphic below.

0: Does the District undergoa financial audit?A: The District has anindependent auditing firmreview its financial every year.That report is provided tothe Board of Education andcommunity. Each year ourfinancial audits show no materialweaknesses. The audit availableto anyone on our website at:www. Hinsdale86 .org

0:How does District 86determine budget priorities?A: Our District has begunto transition to a zero basedbudgeting methodology in orderto help identifi all of the needsof the District. The needs thatare brought forward are thenprioritized against the Board ofEducation strategic goals andfunded accordingly.

0: Does the Districtanticipate needing additionalfunds in the future?A: While the needs of the Districtare greater than the budget canfund, the most pressing cashneed the District will have isfrom the Master Facility PlanningProcess. The District is currentlyputting the finishing touches onthe capital projects that couldbe executed in order to refreshour facilities and insure a 2 1 stcentury learning environment forour children.

0: Where can I get morein-depth information onthe budget and I or schoolfunding?A: More information can befound by going to the website:www.Hinsdale86.org andreviewing the Fiscal Year End201 6 Final Budget. The budget,annual financial report and auditare all posted on our website.

14 Hinsdale District 86 Budget 201 5-20 I 6

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Expenditures Per Student 2013-14I Mlai E. Stevenson HSD 25 I Downers Grove 99 I Hinsdale TwO HSD 86 I LAKE FOREST CHSD I S I Lyons Twp HSD 204 I New Trier Two HSD 203 I Niles Twp CHSD 2 9 I Tw HOD IS

Instructional

0 Operating

2015 Levy Funds 2016/2017 School Year

FinalExtensionby Clerk

I I I I I IDec-15 Apr-16 Jun-16 Jul-16 Aug16 Sep16 Oct16 Nov16 Dec16 Jan-17 Feb-17 Mar-17

Pass Lesy June 2015 Septembertaxes are 2015 taxesreceived are

received

Instructional $ I, 252.16 $ 10071.74 5 I 1,571.77 5 12616.30 5 9,70636 $ 13.24148 $ 12321.55 $ I 1,865.61

Operaong 5 23,829.00 S 15.901 26 5 8.33482 $ 22,9120 S 17,521 92 S 22526.69 S 25,51 .90 $ 24,034.6!

Instruction/Operating 47% 63% 63% 55% 55% 59% 48% 49%

$30,000.00

$25,000.00

$20,000.00

$1 5,000.00

$10,000.00

$5,000.00

$-

Hinsdale District 86 Budget 201 5-201 6 15

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Contact Information

9If you have questions Superintendents Officeabout our District or our Dr. Bruce La Superintendent

• budget, please contact 630-655-61 1 0, blaw©Hinsdale86.orgthe appropriate person on

the list provided. Academics

Pam Byisma, Assistant Superintendent for AcademicsIf you are not sure who bestto contact, please call our 630-655-6 1 07, pbylsma©Hinsdale86.org

Administration Officeat 630-655-61 00. Special Education

Tammy Prentiss, Assistant Superintendent for Special Education

630-570-8006, tprentiss©Hinsdale86.org

Business Office

Bill Eagan, Chief Financial Officer

630-655-61 05, weaganHinsdale86.org

Human Resources

Dominick Maniscalco, Chief Human Resources Officer

630-570-8008, dmanisca©Hinsdale86.org

Technology

Tim Hohman, Director of Technology

630-655-61 55, thohman©Hinsdale86.org

Community Relations

Karen Warne Director of Communications

630-570-8086, [email protected]

Hinsdale District 86 Budget 2015-2016 16

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Board of EducationYou may also contact the Kay S. Gallo, PresidentBoard of Education members Term Expires: April 2019via email at: kgallocHinsdale86.orgboeHinsdale86.org

Jennifer Planson, Vice President

Term Expires: April 201 9

jplanson©Hinsdale86. org

Kathleen Hirsman, Secretary


khirsman©Hinsdale86.org

Bill Carpenter Member


bcarpenter©Hinsdale86.org

Ralph Beardsley, Member


rbeardsley©Hinsdale86 org

Edward Corcoran, Member

Term Expires: April 201 7ecorcorancHinsdale86 org

Claudia Manley, Member

Term Expires: April 20 1 7

cmanley©Hinsdale86 org

I 7 Hinsdale District 86 Budgets 201 8-201 6

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r%J

0 I 0 (D n 0 3 3 C

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Tentative Budget Presentation

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Tentative Budget

June 1, 2015

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Revenue

1. Grants have not been budgeted with the exception of the portion

covering employee salaries.

2. Testing Fees have been moved from the General Fund to District

accounts.

3. General State Aid Contribution is $1.1MM and will remain unchanged

Expense

1. Salaries increase by HHSTA contract and approved raises.

2. IMRF unfunded pension liability pay down has been eliminated.

3. Insurance Pool Funding at $10.1 MM

4. Does not include Transition Center reserve usage of $2.1 MM

121 of 262

Forecast

2014-15

Budget

2015-16

Variance

F/(U) Comments

Local $ 82,582,547 $ 84,568,071 $ 1,985,524 Additional tax, employee insurance contributions, and testing fee revenue

State $ 3,997,489 $ 3,974,115 $ (23,373) Missing revenue from TPI/TBE Grant

Federal $ 1,299,638 $ 428,000 $ (871,638) Missing IDEA, STEPs, and Title I-III revenue

Transfers $ 692,026 $ 88,140 $ (603,886) No abatement since IMRF pay down not budgeted

Total Revenue 88,571,700$ 89,058,326$ 486,626$

Salaries 53,953,546$ 54,349,884$ (396,339)$ $400K Favorability year over year due to increased non-certified sub use in '14/15to

cover open head count; employee resignations

Benefits 12,382,641$ 13,067,721$ (685,080)$ Insurance cost increase partially offset by removal of IMRF pay down

Purchased Services 8,598,795$ 8,740,165$ (141,370)$ Increased transportation costs

Supplies 2,710,466$ 3,170,331$ (459,865)$ Testing costs paid out of G Fund last year; offset by testing fee revenue

Capital 2,739,133$ 2,445,884$ 293,249$ Shifted to non capital equipment below

Other 8,101,540$ 7,078,439$ 1,023,102$ No Abatement (IMRF); debt service cost decreased YOY

Non Capital Equipment 4,982$ 182,773$ (177,791)$ Shifted from Capital above to appropriately classify

Termination Benefits -$ -$ -$

Total Expenditures 88,491,103$ 89,035,197$ (544,094)$

Surplus/(Deficit) 80,597$ 23,129$ (57,468)$

Note: Grant revenue and expenditures have been excluded from tentative budget with the exception of salaries. The additional revenues and expenditures

will be completed in the final budget. They will net to zero so they will not impact surplus or deficit.

122 of 262

Total Expense

2015 Forecast 88,491,103$

2016 Budget 89,035,197$

Variance F / (U) (544,094)$

Variances F / (U) Comments

Salaries (396,339)$ Raises, step & lane movement; offset partially by sub usage & resignations

Benefits (685,080)$ Insurance cost increase partially offset by removal of IMRF pay down

Purchased Services (141,370)$ Increased transportation costs

Supplies (459,865)$ Testing costs paid out of G Fund last year; offset by testing fee revenue

Capital 293,249$ Shifted to Non Capital Equipment below

Other 1,023,102$ Elimination of IMRF voluntary payment; Debt certificates paid in full

Non Capital Equipment (177,791)$ Items being classified correctly; was previously input under capital

Total Variance (544,094)$

Unexplained Variance F / (U) (0)$

Note: Grant expenditures have been excluded from tentative budget with the exception of salaries. The additional

expeditures will be completed in the final budget. They will net to zero with the grant revenue so they will not impact

surplus or deficit.123 of 262

Fund Fund Description Revenue Expense Variance F/(U)

10 Education 71,406,079$ 72,549,478$ (1,143,399)$

20 Operations & Maintenance 10,343,308$ 8,231,410$ 2,111,899$

30 Debt Services 1,338,192$ 1,823,680$ (485,488)$

40 Transportation 2,964,009$ 3,393,000$ (428,991)$

50 Social Security 1,325,988$ 1,327,364$ (1,377)$

51 Municipal Retirement (IMRF) 936,527$ 1,022,181$ (85,654)$

60 Capital Projects 186$ -$ 186$

70 Working Cash 35,905$ -$ 35,905$

80 Tort 708,132$ 688,084.00$ 20,048$

89,058,326$ 89,035,197$ 23,129$ Total

Note: The final budget will have the appropriate transfers between

funds to pay debt certificates, etc. and have the grant revenue and

expense budgeted. 124 of 262

Education 80%


12%

Debt Services 2%

Transportation 3%

Social Security 1%

Municipal Retirement

(IMRF) 1%

Capital Projects

0%

Working Cash 0%

Tort 1%

2016 Budgeted Revenue by Fund

125 of 262

Education 81%


9%

Debt Services

2%

Transportation 4%

Social Security 2%

Municipal Retirement (IMRF)

1%

Capital Projects 0%

Working Cash 0%

Tort 1%

2016 Budgeted Expense by Fund

126 of 262

Forecast

2014-15

Budget

2015-16

Variance

F/(U) Comments

Property Tax 75,187,750$ 76,404,643$ 1,216,893$ Dupage & Cook Property Tax

Replacement Tax 1,207,357$ 1,266,140$ 58,783$ Corporate Replacement Tax

DHH 3,049,497$ 3,071,000$ 21,503$ Tuition for Deaf & Hard of Hearing Program

Insurance Contributions 1,696,280$ 1,917,000$ 220,720$ Insurance Premiums 15%/18% in 2015-16

Other Local 1,237,195$ 1,714,500$ 477,305$ Moved Testing Fees to District (from G Fund)

Interest 204,467$ 194,788$ (9,679)$ Interest on Investments

Total Local 82,582,547$ 84,568,071$ 1,985,524$

General State Aid 1,075,172$ 1,155,000$ 79,828$ General State Aid

Categorical/Claims 2,842,061$ 2,755,365$ (86,696)$ SPED, Extraordinary, Transportation, etc.

State Grants* 80,255$ 63,750$ (16,505)$ Only includes TPI/TBE salaries

Total State 3,997,489$ 3,974,115$ (23,373)$

Federal Grants* 1,069,917$ 194,000$ (875,917)$ Only Title I salaries included

Reimbursements 229,721$ 234,000$ 4,279$ Medicaid, Room & Board, Milk Program

Total Federal 1,299,638$ 428,000$ (871,638)$

Transfers 692,026$ 88,140$ (603,886)$

Total Revenue 88,571,700$ 89,058,326$ 486,626$

*Only showing grant revenue that is paying for salaries. All other grant revenue is excluded.127 of 262

Property Tax 86%

Other Local 9%

General State Aid 1%

Other State 3%

Federal 1%

Transfers 0%

2016 Budgeted Revenue by Source

128 of 262

Forecast

2014-15

Budget

2015-16

Variance

F/(U) Comments

Admin Salaries 2,810,147$ 2,972,225$ (162,078)$ Salary increases & shift from purchased services

Certified Salaries 37,111,999$ 37,542,697$ (430,699)$ Contractual increases offset by resiginations

Support Salaries 5,418,699$ 4,915,462$ 503,236$ Offset by extra duty reduced non-cert sub usage

Information Technology 722,566$ 720,740$ 1,826$ Technology Personnel

Substitutes 654,326$ 781,500$ (127,174)$ Certified Substitutes

Athletics/Clubs 2,831,967$ 2,832,345$ (378)$ Athletic & Club Stipends

Stipends 519,789$ 477,273$ 42,515$ DC & Masters Stipend

Retirement Benefit 635,194$ 645,623$ (10,429)$ Retirement Bonus Certified Staff

Extra Duty 776,431$ 950,586$ (174,156)$ Summer, Curriculum, Testing

G Fund Pass Through 250,206$ 264,000$ (13,794)$ Athletic Salaries Paid w/ G-Fund Revenue

Education Fund Salaries 51,731,324$ 52,102,452$ (371,129)$

O&M Fund Salaries 2,222,222$ 2,247,432$ (25,210)$

Total Salaries 53,953,546$ 54,349,884$ (396,339)$

129 of 262

Forecast

2014-15

Budget

2015-16

Variance

F/(U) Comments

Insurance 8,361,870$ 9,448,987$ (1,087,117)$

TRS 573,520$ 618,176$ (44,656)$

IMRF 1,204,845$ 792,015$ 412,830$ No $500K pay down budgeted

FICA/Medicare 1,101,862$ 1,173,719$ (71,857)$

Employee Wellness 35,531$ -$ 35,531$ Moved to Purchase Services

Education EE Benefits 11,277,628$ 12,032,897$ (755,269)$

Insurance 688,307$ 651,013$ 37,294$

IMRF 251,206$ 230,166$ 21,040$

FICA/Medicare 165,500$ 153,645$ 11,855$

O&M EE Benefits 1,105,013$ 1,034,824$ 70,189$

Total Benefits 12,382,641$ 13,067,721$ (685,080)$

130 of 262

Forecast

2014-15

Budget

2015-16

Variance

F/(U) Comments

Transportation 3,005,354$ 3,379,000$ (373,646)$ All 40 Fund Accounts

Contract/Purchased 2,165,843$ 2,113,892$ 51,951$ GCA, Architect Fees, Maint. Contract Services

Travel 148,667$ 234,499$ (85,832)$ 14/'15 travel eliminated as budget solves

Insurance 626,975$ 688,084$ (61,109)$ Insurance Pool; renewals occur in September

Legal Fees 754,966$ 355,000$ 399,966$ Budgeted additonal $75K for negotiations

Repairs/Rental 422,420$ 501,300$ (78,880)$ Accurate Coding of Expenses

Information Technology 590,708$ 575,270$ 15,438$ Technology All Locations

Utilities/Security 557,993$ 556,070$ 1,923$ Police, Water, Sewer, Refuse, Telephone

All Other 325,869$ 337,050$ (11,181)$

Purchased Services 8,598,795$ 8,740,165$ (141,370)$

131 of 262

Forecast

2014-15

Budget

2015-16

Variance

F/(U)

Instruction 960,638$ 998,706$ (38,068)$

Support Services 502,852$ 840,655$ (337,804)$

Maintenance 347,032$ 513,470$ (166,438)$

Utilities 899,945$ 817,500$ 82,445$

Supplies 2,710,466$ 3,170,331$ (459,865)$

Increase in support services supply budget is due to moving the testing

expense to the District from the General Fund. This is offset by the

testing fee revenue.

132 of 262

Forecast

2014-15

Budget

2015-16

Variance

F/(U)

Renovation 1,600,804$ 1,554,000$ 46,804$

Capital Outlay 459,262$ 256,884$ 202,378$

Information Technology679,067$ 635,000$ 44,067$

Capital 2,739,133$ 2,445,884$ 293,249$

Favorability due to category shift to properly classify expenditures.

133 of 262

Project School Amount Comment

Roofing Preventative Maintenance Central 20,000$ small patch, flashing

Roofing Preventative Maintenance South 20,000 small patch, flashing

Interior Door South 15,000 trainers room, cafeteria

Eyewash station plumbing South 35,000 trenching work

Outside Door Frames Central 50,000 by gym

Roof above Room #180 replacement South 20,000 severe leaking

Roof above Room #364 replacement South 20,000 severe leaking

Gym Roof Central 750,000 1 year useful life remains

Theater Lobby South 100,000 hardwood flooring

4 New SUV's Both 120,000 Student Trasnprotation

Stairs Central 35,000 moved from '15

Lift Station South 75,000 moved from '15

Asbestos Removal Central 122,000 new flooring several rooms

Terrazo Floor Central 10,800 by pool

10 Year Life Safety Audit Both 100,000 complete by 6/30/16

Total Capital 1,492,800$ 134 of 262

Forecast

2014-15

Budget

2015-16

Variance

F/(U)

Dues & Fees 383,514$ 321,519$ 61,996$

Tuition 4,746,352$ 4,851,600$ (105,248)$

Debt Service 2,471,674$ 1,905,320$ 566,354$

Transfers 500,000$ -$ 500,000$

Other 8,101,540$ 7,078,439$ 1,023,102$

Non-Capital Expense 4,982$ 182,773$ (177,791)$

Termination Benefits -$ -$ -$

Non Capital expense variance due to expenditure shift from

Capital Equipment. 135 of 262

Salaries 61%

Benefits 15%

Purchased Services 10%

Supplies 3%

Capital 3%

Other 8%

Non Capital Equipment 0%

Termination Benefits 0%

2016 Budgeted Expense by Category

136 of 262

On May 18, 2015 the Board of Education approved Resolution #14-24 For Deferred

Accounting Recognition of Property Taxes Levied. This deferral shifts the

recognition of property tax receipts received in the current fiscal year related to

the 2014 tax levy to the next fiscal year for which the levy is intended.

The 2014 tax levy provides revenue to fund district operations for the 2015-16

fiscal year. In the past the district would recognize this revenue upon receipt of the

taxes. The first installment for the 2014 tax levy occurs in June. Under the cash

basis the June tax receipt would be included in the ending fund balance of the

current fiscal year.

On the next slide, we provide projected fund balances for the 2015-16 fiscal year

on both a cash and accrual basis.

137 of 262

(10) (20) (30) (40) (50) (51) (60) (70) (80)

Description Educational Operations &

Maintenance

Debt Service Transportation Social Security IMRF Capital Projects Working Cash Tort Total

Beginning Cash July 1, 2015 27,717,210$ 14,119,934$ 1,490,733$ 928,874$ 727,115$ 6,479$ 58,014$ 6,855,779$ 694,865$ 52,599,003$

Total Direct Receipts 71,406,079$ 10,343,308$ 1,338,192$ 2,964,009$ 1,325,988$ 936,527$ 186$ 35,905$ 708,132$ 89,058,326$

Total Amount Available 99,123,289$ 24,463,242$ 2,828,925$ 3,892,883$ 2,053,102$ 943,007$ 58,200$ 6,891,684$ 1,402,997$ 141,657,329$

Total Direct Disbursements 72,549,478$ 8,231,410$ 1,823,680$ 3,393,000$ 1,327,364$ 1,022,181$ -$ -$ 688,084$ 89,035,197$

Ending Cash June 30, 2016 26,573,811$ 16,231,833$ 1,005,245$ 499,883$ 725,738$ (79,175)$ 58,200$ 6,891,684$ 714,913$ 52,622,133$

(10) (20) (30) (40) (50) (51) (60) (70) (80)

Description Educational Operations &

Maintenance

Debt Service Transportation Social Security IMRF Capital Projects Working Cash Tort Total

Beginning Balance July 1, 2015 566,796$ 9,669,817$ 586,631$ 112,763$ (146,190)$ 6,479$ 58,014$ 6,855,779$ 375,900$ 18,085,989$

Total Direct Receipts 71,406,079$ 10,343,308$ 1,338,192$ 2,964,009$ 1,325,988$ 936,527$ 186$ 35,905$ 708,132$ 89,058,326$

Total Amount Available 71,972,875$ 20,013,125$ 1,924,823$ 3,076,772$ 1,179,797$ 943,007$ 58,200$ 6,891,684$ 1,084,032$ 107,144,315$

Total Direct Disbursements 72,549,478$ 8,231,410$ 1,823,680$ 3,393,000$ 1,327,364$ 1,022,181$ -$ -$ 688,084$ 89,035,197$

Ending Balance June 30, 2016 (576,603)$ 11,781,716$ 101,143$ (316,228)$ (147,567)$ (79,175)$ 58,200$ 6,891,684$ 395,948$ 18,109,118$

*Only includes deferral of early taxes (June 2015) and does not consider effects of depreciation.

Projected Fund Balances 2015-16 Cash Basis

Projected Fund Balances 2015-16 Accrual Basis*

138 of 262

District 86, 5 Year Forecast

139 of 262

Hinsdale Township High School District 86Financial Projections for 2015 Tax Levy

Scenario 1: Base Assumptions

140 of 262

Element FYE '17 FYE '18 FYE '19 FYE '20 FYE '21 FYE '17 FYE '18 FYE '19 FYE '20 FYE '21 FYE '17 FYE '18 FYE '19 FYE '20 FYE '21

PTELL (CPI) 0.8% 1.5% 1.5% 1.5% 1.5% 0.0% 0.0% 1.5% 1.5% 1.5% 0.8% 1.5% 1.5% 1.5% 1.5%New Construction ($MM) 39.7$ 35.0$ 35.0$ 35.0$ 35.0$ 39.7$ 35.0$ 35.0$ 35.0$ 35.0$ 39.7$ 50.0$ 50.0$ 50.0$ 50.0$ Corporate Replacement Tax ($MM) 1.2$ 1.2$ 1.2$ 1.2$ 1.2$ 1.2$ 1.2$ 1.2$ 1 1.2$ 1.2$ 1.2$ 1.2$ 1.2$ 1.2$ 1.2$ General State Aid ($MM) 1.1$ 1.1$ 1.0$ 1.0$ 1.0$ 1.1$ 1.1$ 1.0$ 1.0$ 1.0$ 1.1$ 1.1$ 1.0$ 1.0$ 1.0$ All Other State Aid ($MM) 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ 3.0$ Federal Aid ($MM) 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ 1.4$ Teacher Replacements MA3 MA3 MA3 MA3 MA3 MA3 MA3 MA3 MA3 MA3 MA3 MA3 MA3 MA3 MA3

Teacher Increases 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 0.8% 1.5% 1.5% 1.5% 1.5%Support Staff Increases 0.8% 1.5% 1.5% 1.5% 1.5% 0.8% 1.5% 1.5% 1.5% 1.5% 0.8% 1.5% 1.5% 1.5% 1.5%Health and Dental 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 7.0% 7.0% 7.0%Purchased Services 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%Special Ed Tuition 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%Bond Payment ($MM) 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ 0.5$ Investment Income 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60% 0.60%Lane Change Costs ($MM) 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ 0.2$ Work Rule Changes ($MM, FTE Adjustment) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (0.4)$ 0.0 0.0 0.0 0.0


Forecasting Assumption Analysis

November 30, 2015

Scenario 1: Base Levy Assumptions Scenario 2: Property Tax Freeze Scenario 3: Miscellaneous Assumption Changes

Scenario 1 Comments Scenario 2 Comments Scenario 3 Comments

The base assumptions use all known information and

projections based off of historical data. It does not

include any measurable departures from how the

district is currently operating or include any potential

impactful legislative changes.

The only change from the base assumptions is a

property tax freeze for the 2015 and 2016 levies. This

would essentially reduce CPI to zero for these levies

while still allowing new construction to be captured.

The reduced levies would impact the 2017 and 2018

fiscal years for the district. All other revenue and

expenditure assumptions were unchanged.

Changes Include:

1. Increase in new construction

2. Teacher salary increases at CPI

3. Variable health care increases

4. Work Rule Changes: Decrease in 4 FTE. Estimated

salary and benefit savings of $100K each. Savings apply

to fiscal year 2017 and all following years.

141 of 262

BUDGET

FY 2016 FY 2017 % chg FY 2018 % chg FY 2019 % chg FY 2020 % chg FY 2021 % chg

LOCAL

Property Taxes $75,152,326 $76,381,375 1.64% $78,092,676 2.24% $79,838,137 2.24% $81,618,398 2.23% $83,434,111 2.22%

Other Local Revenue $8,382,007 $8,347,007 -0.42% $8,347,007 0.00% $8,347,007 0.00% $8,347,007 0.00% $8,347,007 0.00%

TOTAL LOCAL REVENUE $83,534,333 $84,728,382 1.43% $86,439,683 2.02% $88,185,144 2.02% $89,965,405 2.02% $91,781,118 2.02%

STATE

General State Aid $1,133,455 $1,063,131 -6.20% $1,030,413 -3.08% $1,008,880 -2.09% $990,715 -1.80% $976,466 -1.44%

Other State Revenue $3,031,700 $3,031,700 0.00% $3,031,700 0.00% $3,031,700 0.00% $3,031,700 0.00% $3,031,700 0.00%

TOTAL STATE REVENUE $4,165,155 $4,094,831 -1.69% $4,062,113 -0.80% $4,040,580 -0.53% $4,022,415 -0.45% $4,008,166 -0.35%

TOTAL FEDERAL REVENUE $1,354,922 $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00%

FLOW-THROUGH REVENUE $0 $0 $0 $0 $0 $0

TOTAL REVENUE $89,054,409 $90,178,134 1.26% $91,856,717 1.86% $93,580,645 1.88% $95,342,741 1.88% $97,144,205 1.89%

Hinsdale Twp HSD 86Aggregate - Revenue Analysis

REVENUE PROJECTIONS

Property Taxes 84.4%

Other Local 9.4% General State Aid

1.3%

Other State 3.4%

Federal 1.5%

REVENUE BY SOURCE DETAIL - FY 2016

$89.1 $90.2 $91.9 $93.6 $95.3 $97.1

$0

$20

$40

$60

$80

$100

$120

REVENUE PROJECTION (MILLIONS)

Page: 3

12/1/2015 - 12:40 PM All Assumptions have been provided by the District.

142 of 262

BUDGET


Salaries $54,517,935 $55,460,243 1.73% $56,530,666 1.93% $57,622,155 1.93% $58,735,131 1.93% $59,870,022 1.93%

Benefits $16,210,267 $14,251,327 -12.08% $15,416,401 8.18% $16,693,521 8.28% $18,093,817 8.39% $19,629,526 8.49%

TOTAL SALARIES & BENEFITS $70,728,203 $69,711,570 -1.44% $71,947,067 3.21% $74,315,677 3.29% $76,828,948 3.38% $79,499,548 3.48%

Purchased Services $9,267,379 $9,406,389 1.50% $9,547,485 1.50% $9,690,697 1.50% $9,836,058 1.50% $9,983,599 1.50%

Supplies And Materials $3,356,583 $3,356,583 0.00% $3,356,583 0.00% $3,356,583 0.00% $3,356,583 0.00% $3,356,583 0.00%

Capital Outlay $2,151,194 $2,151,194 0.00% $2,151,194 0.00% $2,151,194 0.00% $2,151,194 0.00% $2,151,194 0.00%

Other Objects $5,266,165 $5,509,524 4.62% $5,765,051 4.64% $6,033,354 4.65% $6,315,073 4.67% $6,610,878 4.68%

Non-Capitalized Equipment $205,623 $205,623 0.00% $205,623 0.00% $205,623 0.00% $205,623 0.00% $205,623 0.00%

Termination Benefits $0 $0 $0 $0 $0 $0

Provision For Contingencies $0 $0 $0 $0 $0 $0

TOTAL ALL OTHER $20,246,943 $20,629,313 1.89% $21,025,936 1.92% $21,437,451 1.96% $21,864,531 1.99% $22,307,876 2.03%

TOTAL EXPENDITURES $90,975,145 $90,340,883 -0.70% $92,973,002 2.91% $95,753,128 2.99% $98,693,478 3.07% $101,807,424 3.16%

EXPENDITURE PROJECTIONS

Hinsdale Twp HSD 86Aggregate - Expenditure Analysis

Salaries 59.9%

Benefits 17.8%

Purchased Services 10.2%


3.7% Capital Outlay

2.4%

Other Objects 5.8%

FY 2016 EXPENDITURES BY OBJECT

$91.0 $90.3 $93.0 $95.8 $98.7 $101.8

$0

$20

$40

$60

$80

$100

$120

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

EXPENDITURE PROJECTION (MILLIONS)

Page: 4


143 of 262


REVENUE

Local $73,169,269 $75,608,026 3.33% $77,268,782 2.20% $79,767,318 3.23% $80,385,332 0.77% $83,534,333 3.92%

State $4,135,348 $3,818,580 -7.66% $4,481,967 17.37% $3,551,358 -20.76% $3,977,581 12.00% $4,165,155 4.72%

Federal $1,443,574 $1,139,695 -21.05% $1,175,001 3.10% $1,091,866 -7.08% $1,273,594 16.64% $1,354,922 6.39%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $78,748,191 $80,566,301 2.31% $82,925,750 2.93% $84,410,542 1.79% $85,636,507 1.45% $89,054,409 3.99%

EXPENDITURES

Salary and Benefit Costs $59,837,094 $60,900,855 1.78% $61,637,528 1.21% $65,359,840 6.04% $66,667,715 2.00% $70,728,203 6.09%

Other $21,321,626 $19,873,504 -6.79% $19,408,070 -2.34% $17,646,295 -9.08% $20,061,188 13.68% $20,246,943 0.93%


SURPLUS / DEFICIT ($2,410,529) ($208,058) $1,880,152 $1,404,407 ($1,092,396) ($1,920,736) A

OTHER FINANCING SOURCES/USES

Other Financing Sources $627,983 $17,960,578 2760.04% $390,745 -97.82% $3,226 -99.17% $500,000 15399.07% $7,958,500 1491.70%

Other Financing Uses ($517,223) ($18,350,602) ($522,255) ($323,034) ($692,026) ($6,031,640) 771.59%

TOTAL OTHER FIN. SOURCES/USES $110,760 ($390,024) ($131,510) ($319,808) ($192,026) $1,926,860 B

SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES ($2,299,769) ($598,082) $1,748,642 $1,084,599 ($1,284,422) $6,124 A+B

BEGINNING FUND BALANCE $56,735,471 $54,435,702 $53,837,620 $55,586,262 $56,670,861 $18,666,999

YEAR-END FUND BALANCE* $54,435,702 $53,837,620 $55,586,262 $56,670,861 $18,666,999 $18,673,123

* Balances Based on most recent Annual Financial Report.

FUND BALANCE AS % OF EXPENDITURES 67.07% 66.65% 68.59% 68.27% 21.52% 20.53%

FUND BALANCE AS # OF MONTHS OF EXPEND. 8.05 8.00 8.23 8.19 2.58 2.46

Hinsdale Twp HSD 86Aggregate - Historical Summary

ACTUAL REVENUE / EXPENDITURES BUDGET

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Aggregate - Historical Analysis

Hinsdale Twp HSD 86

$54.4 $53.8 $55.6 $56.7

$18.7 $18.7

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

YEAR END FUND BALANCE (MILLIONS)

($2,410,529)

($208,058)

$1,880,152

$1,404,407

($1,092,396)

($1,920,736)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

FY SURPLUS / DEFICIT

$110,760

($390,024) ($131,510)

($319,808) ($192,026)

$1,926,860

($1,000,000)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

OTHER FINANCING SOURCES & USES

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

$100,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

REVENUES VS. EXPENDITURES

Revenues Expenditures

Page: 6


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BUDGET


REVENUE

Local $83,534,333 $84,728,382 1.43% $86,439,683 2.02% $88,185,144 2.02% $89,965,405 2.02% $91,781,118 2.02%

State $4,165,155 $4,094,831 -1.69% $4,062,113 -0.80% $4,040,580 -0.53% $4,022,415 -0.45% $4,008,166 -0.35%

Federal $1,354,922 $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $89,054,409 $90,178,134 1.26% $91,856,717 1.86% $93,580,645 1.88% $95,342,741 1.88% $97,144,205 1.89%

EXPENDITURES

Salary and Benefit Costs $70,728,203 $69,711,570 -1.44% $71,947,067 3.21% $74,315,677 3.29% $76,828,948 3.38% $79,499,548 3.48%

Other $20,246,943 $20,629,313 1.89% $21,025,936 1.92% $21,437,451 1.96% $21,864,531 1.99% $22,307,876 2.03%


SURPLUS / DEFICIT ($1,920,736) ($162,748) ($1,116,285) ($2,172,483) ($3,350,737) ($4,663,218) A


Other Financing Sources $7,958,500 ($491,500) -106.18% ($491,500) 0.00% ($491,500) 0.00% ($491,500) 0.00% ($491,500) 0.00%

Other Financing Uses ($6,031,640) $0 $0 $0 $0 $0

TOTAL OTHER FIN. SOURCES/USES $1,926,860 ($491,500) ($491,500) ($491,500) ($491,500) ($491,500) B

SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $6,124 ($654,248) ($1,607,785) ($2,663,983) ($3,842,237) ($5,154,718) A+B


PROJECTED YEAR END BALANCE $18,673,123 $18,018,875 $16,411,090 $13,747,107 $9,904,870 $4,750,151



REVENUE / EXPENDITURE PROJECTIONS

Hinsdale Twp HSD 86Aggregate - Projection Summary

Page: 7


146 of 262

Aggregate - Projection Analysis

Hinsdale Twp HSD 86

$18.7 $18.0

$16.4

$13.7

$9.9

$4.8

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

$16.0

$18.0

$20.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($1,920,736)

($162,748)

($1,116,285)

($2,172,483)

($3,350,737)

($4,663,218) ($5,000,000)

($4,500,000)

($4,000,000)

($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$1,926,860

($491,500) ($491,500) ($491,500) ($491,500) ($491,500) ($1,000,000)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 8


147 of 262

$54,435,702 $53,837,620 $55,586,262

$56,670,861

$18,666,999 $18,673,123 $18,018,875 $16,411,090

$13,747,107

$9,904,870

$4,750,151

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

($20)

($10)

$0

$10

$20

$30

$40

$50

$60

$70

Educational Operations and Maintenance Transportation IMRF Working Cash Tort

Mill

ion

s

Projected Year-End Balances (Educational, Operations and Maintenance, Transportation, IMRF, Working Cash, and Tort Funds.)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 FY End Balances

*Historical Balances based on most recent Annual Financial Report.Page: 9


148 of 262

Hinsdale Twp HSD 86

$18,673,123 $18,018,875 $16,411,090

$13,747,107

$9,904,870

$4,750,151

2016 2017 2018 2019 2020 2021

($15,000,000)

($10,000,000)

($5,000,000)

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000


Aggregate View - Projection Summary

2016 2017 2018 2019 2020 2021 FY-End Balances

Page: 10


149 of 262

BUDGET


LOCAL

Property Taxes $60,535,975 $61,525,973 1.64% $64,748,875 5.24% $66,196,086 2.24% $67,672,151 2.23% $69,177,610 2.22%



STATE






TOTAL REVENUE $72,642,040 $73,530,355 1.22% $76,720,539 4.34% $78,146,217 1.86% $79,604,117 1.87% $81,095,327 1.87%

REVENUE PROJECTIONS

Hinsdale Twp HSD 86Educational Fund - Revenue Analysis


Other Local 10.7%

General State Aid 1.6% Other State

2.5%

Federal 1.9%


$72.6 $73.5 $76.7 $78.1 $79.6 $81.1

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 11


150 of 262

BUDGET


Salaries $52,141,899 $53,065,198 1.77% $54,099,696 1.95% $55,154,721 1.95% $56,230,684 1.95% $57,328,009 1.95%

Benefits $10,140,871 $11,098,708 9.45% $12,152,193 9.49% $13,309,899 9.53% $14,582,225 9.56% $15,980,611 9.59%

TOTAL SALARIES & BENEFITS $62,282,770 $64,163,906 3.02% $66,251,889 3.25% $68,464,620 3.34% $70,812,910 3.43% $73,308,620 3.52%



Capital Outlay $913,244 $913,244 0.00% $913,244 0.00% $913,244 0.00% $913,244 0.00% $913,244 0.00%

Other Objects $5,255,165 $5,498,524 4.63% $5,754,051 4.65% $6,022,354 4.66% $6,304,073 4.68% $6,599,878 4.69%




TOTAL ALL OTHER $11,224,695 $11,511,554 2.56% $11,811,233 2.60% $12,124,350 2.65% $12,451,555 2.70% $12,793,528 2.75%

TOTAL EXPENDITURES $73,507,466 $75,675,460 2.95% $78,063,122 3.16% $80,588,970 3.24% $83,264,465 3.32% $86,102,148 3.41%


Hinsdale Twp HSD 86Educational Fund - Expenditure Analysis

Salaries 70.9%

Benefits 13.8%



2.7%

Capital Outlay 1.2% Other Objects

7.1%


$73.5 $75.7 $78.1 $80.6 $83.3

$86.1

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 12


151 of 262


REVENUE

Local $59,668,088 $61,349,003 2.82% $62,970,371 2.64% $65,113,762 3.40% $65,635,982 0.80% $68,301,964 4.06%

State $3,086,316 $2,867,482 -7.09% $3,183,777 11.03% $2,774,573 -12.85% $2,907,636 4.80% $2,985,155 2.67%

Federal $1,183,082 $1,139,695 -3.67% $1,175,001 3.10% $1,091,866 -7.08% $1,273,594 16.64% $1,354,922 6.39%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $63,937,486 $65,356,180 2.22% $67,329,149 3.02% $68,980,201 2.45% $69,817,212 1.21% $72,642,040 4.05%

EXPENDITURES


Other $12,659,136 $10,956,506 -13.45% $10,768,657 -1.71% $9,356,422 -13.11% $11,130,117 18.96% $11,224,695 0.85%


SURPLUS / DEFICIT ($3,660,765) ($1,503,179) $43,600 ($357,663) ($2,308,653) ($865,425) A


Other Financing Sources $627,983 $740 $387,789 $2,725 $0 $7,000

Other Financing Uses ($327,135) ($202,291) ($330,712) ($128,661) $0 $0

TOTAL OTHER FIN. SOURCES/USES $300,848 ($201,551) $57,077 ($125,936) $0 $7,000 B

SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES ($3,359,917) ($1,704,730) $100,677 ($483,599) ($2,308,653) ($858,425) A+B






ACTUAL REVENUE / EXPENDITURES

Hinsdale Twp HSD 86Educational Fund - Historical Summary

BUDGET

Page: 13


152 of 262

Chart Title:

Year End Fund Balance

MILLIONS

Educational Fund - Historical Summary

Hinsdale Twp HSD 86

$37.0 $35.3 $35.4 $34.9

$2.9 $2.1

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

$40.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($3,660,765)

($1,503,179)

$43,600

($357,663)

($2,308,653)

($865,425)

($4,000,000)

($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

$500,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$300,848

($201,551)

$57,077

($125,936)

$0 $7,000

($300,000)

($200,000)

($100,000)

$0

$100,000

$200,000

$300,000

$400,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


Revenue Expenditures

Page: 14


153 of 262

BUDGET


REVENUE

Local $68,301,964 $69,260,602 1.40% $72,483,504 4.65% $73,930,715 2.00% $75,406,780 2.00% $76,912,239 2.00%

State $2,985,155 $2,914,831 -2.36% $2,882,113 -1.12% $2,860,580 -0.75% $2,842,415 -0.64% $2,828,166 -0.50%

Federal $1,354,922 $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $72,642,040 $73,530,355 1.22% $76,720,539 4.34% $78,146,217 1.86% $79,604,117 1.87% $81,095,327 1.87%

EXPENDITURES


Other $11,224,695 $11,511,554 2.56% $11,811,233 2.60% $12,124,350 2.65% $12,451,555 2.70% $12,793,528 2.75%


SURPLUS / DEFICIT ($865,425) ($2,145,105) ($1,342,583) ($2,442,753) ($3,660,348) ($5,006,821) A


Other Financing Sources $7,000 $7,000 $7,000 $7,000 $7,000 $7,000

Other Financing Uses $0 $0 $0 $0 $0 $0

TOTAL OTHER FIN. SOURCES/USES $7,000 $7,000 $7,000 $7,000 $7,000 $7,000 B

SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES ($858,425) ($2,138,105) ($1,335,583) ($2,435,753) ($3,653,348) ($4,999,821) A+B

BEGINNING FUND BALANCE $2,937,037 $2,078,612 ($59,493) ($1,395,076) ($3,830,829) ($7,484,177)

PROJECTED YEAR END BALANCE $2,078,612 ($59,493) ($1,395,076) ($3,830,829) ($7,484,177) ($12,483,997)

FUND BALANCE AS % OF EXPENDITURES 2.83% -0.08% -1.79% -4.75% -8.99% -14.50%

FUND BALANCE AS # OF MONTHS OF EXPEND. 0.34 (0.01) (0.21) (0.57) (1.08) (1.74)

Educational Fund - Projection Summary

Hinsdale Twp HSD 86


Page: 15


154 of 262

Hinsdale Twp HSD 86Educational Fund - Projection Summary

$2,078.6

($59.5)

($1,395.1)

($3,830.8)

($7,484.2)

($12,484.0) ($14,000.0)

($12,000.0)

($10,000.0)

($8,000.0)

($6,000.0)

($4,000.0)

($2,000.0)

$0.0

$2,000.0

$4,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

YEAR END FUND BALANCE (THOUSANDS)

($865,425)

($2,145,105)

($1,342,583)

($2,442,753)

($3,660,348)

($5,006,821)

($6,000,000)

($5,000,000)

($4,000,000)

($3,000,000)

($2,000,000)

($1,000,000)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$7,000 $7,000 $7,000 $7,000 $7,000 $7,000

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

$100,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

REVENUES VS EXPENDITURES


Page: 16


155 of 262

BUDGET


LOCAL

Property Taxes $9,957,612 $10,120,529 1.64% $7,954,485 -21.40% $8,132,262 2.23% $8,313,584 2.23% $8,498,517 2.22%

Other Local Revenue $384,196 $384,196 0.00% $384,196 0.00% $384,196 0.00% $384,196 0.00% $384,196 0.00%

TOTAL LOCAL REVENUE $10,341,808 $10,504,725 1.58% $8,338,681 -20.62% $8,516,458 2.13% $8,697,780 2.13% $8,882,713 2.13%

STATE

General State Aid $0 $0 $0 $0 $0 $0

Other State Revenue $0 $0 $0 $0 $0 $0

TOTAL STATE REVENUE $0 $0 $0 $0 $0 $0

TOTAL FEDERAL REVENUE $0 $0 $0 $0 $0 $0


TOTAL REVENUE $10,341,808 $10,504,725 1.58% $8,338,681 -20.62% $8,516,458 2.13% $8,697,780 2.13% $8,882,713 2.13%

REVENUE PROJECTIONS

Hinsdale Twp HSD 86Operations and Maintenance Fund - Revenue Analysis


Other Local 3.7%


$10.3 $10.5

$8.3 $8.5 $8.7 $8.9

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 17


156 of 262

BUDGET


Salaries $2,376,036 $2,395,044 0.80% $2,430,970 1.50% $2,467,435 1.50% $2,504,446 1.50% $2,542,013 1.50%

Benefits $651,013 $716,114 10.00% $787,726 10.00% $866,498 10.00% $953,148 10.00% $1,048,463 10.00%




Capital Outlay $1,237,950 $1,237,950 0.00% $1,237,950 0.00% $1,237,950 0.00% $1,237,950 0.00% $1,237,950 0.00%

Other Objects $11,000 $11,000 0.00% $11,000 0.00% $11,000 0.00% $11,000 0.00% $11,000 0.00%




TOTAL ALL OTHER $4,989,974 $5,025,212 0.71% $5,060,978 0.71% $5,097,280 0.72% $5,134,127 0.72% $5,171,526 0.73%


Hinsdale Twp HSD 86Operations and Maintenance Fund - Expenditure Analysis


Salaries 29.6%

Benefits 8.1%



17.0%


0.1%


$8.0 $8.1 $8.3 $8.4 $8.6 $8.8

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

$10.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 18


157 of 262


REVENUE

Local $9,261,545 $9,708,890 4.83% $9,928,808 2.27% $10,137,918 2.11% $10,139,435 0.01% $10,341,808 2.00%

State $0 $0 $50,000 $0 -100.00% $0 $0

Federal $166,642 $0 -100.00% $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $9,428,187 $9,708,890 2.98% $9,978,808 2.78% $10,137,918 1.59% $10,139,435 0.01% $10,341,808 2.00%

EXPENDITURES

Salary and Benefit Costs $3,087,976 $3,092,860 0.16% $3,152,234 1.92% $3,188,698 1.16% $2,896,862 -9.15% $3,027,049 4.49%

Other $5,565,839 $5,619,133 0.96% $5,443,622 -3.12% $4,689,097 -13.86% $4,715,830 0.57% $4,989,974 5.81%

TOTAL EXPENDITURES $8,653,815 $8,711,993 0.67% $8,595,856 -1.33% $7,877,795 -8.35% $7,612,692 -3.37% $8,017,024 5.31%

SURPLUS / DEFICIT $774,372 $996,897 $1,382,952 $2,260,123 $2,526,743 $2,324,785 A


Other Financing Sources $0 $0 $2,956 $501 $0 $1,500

Other Financing Uses ($190,088) ($188,473) ($191,543) ($194,373) ($192,026) ($1,231,640)

TOTAL OTHER FIN. SOURCES/USES ($190,088) ($188,473) ($188,587) ($193,872) ($192,026) ($1,230,140) B

SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $584,284 $808,424 $1,194,365 $2,066,251 $2,334,717 $1,094,645 A+B







Hinsdale Twp HSD 86Operations and Maintenance Fund - Historical Summary

BUDGET

Page: 19


158 of 262

Chart Title:


MILLIONS


$7.7 $8.5

$9.7

$11.7

$9.2

$10.3

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$774,372

$996,897

$1,382,952

$2,260,123

$2,526,743

$2,324,785

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($190,088) ($188,473) ($188,587) ($193,872) ($192,026)

($1,230,140) ($1,400,000)

($1,200,000)

($1,000,000)

($800,000)

($600,000)

($400,000)

($200,000)

$0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 20


159 of 262

BUDGET


REVENUE

Local $10,341,808 $10,504,725 1.58% $8,338,681 -20.62% $8,516,458 2.13% $8,697,780 2.13% $8,882,713 2.13%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $10,341,808 $10,504,725 1.58% $8,338,681 -20.62% $8,516,458 2.13% $8,697,780 2.13% $8,882,713 2.13%

EXPENDITURES


Other $4,989,974 $5,025,212 0.71% $5,060,978 0.71% $5,097,280 0.72% $5,134,127 0.72% $5,171,526 0.73%


SURPLUS / DEFICIT $2,324,785 $2,368,354 $59,007 $85,245 $106,059 $120,711 A




TOTAL OTHER FIN. SOURCES/USES ($1,230,140) $1,500 $1,500 $1,500 $1,500 $1,500 B

SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $1,094,645 $2,369,854 $60,507 $86,745 $107,559 $122,211 A+B





Hinsdale Twp HSD 86


Operations and Maintenance Fund - Projection Summary

Page: 21


160 of 262


Hinsdale Twp HSD 86

$10.3

$12.7 $12.7 $12.8 $12.9 $13.1

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$2,324,785 $2,368,354

$59,007 $85,245 $106,059 $120,711

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($1,230,140)

$1,500 $1,500 $1,500 $1,500 $1,500

($1,400,000)

($1,200,000)

($1,000,000)

($800,000)

($600,000)

($400,000)

($200,000)

$0

$200,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 22


161 of 262

BUDGET


LOCAL

Property Taxes $1,824,524 $1,854,346 1.63% $2,294,698 23.75% $2,345,997 2.24% $2,398,319 2.23% $2,451,683 2.23%



STATE



TOTAL STATE REVENUE $1,180,000 $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00%



TOTAL REVENUE $3,064,009 $3,093,831 0.97% $3,534,183 14.23% $3,585,482 1.45% $3,637,804 1.46% $3,691,168 1.47%

REVENUE PROJECTIONS

Hinsdale Twp HSD 86Transportation Fund - Revenue Analysis


Other Local 1.9%

Other State 38.5%


$3.1 $3.1

$3.5 $3.6 $3.6 $3.7

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 23


162 of 262

BUDGET


Salaries $0 $0 $0 $0 $0 $0

Benefits $0 $0 $0 $0 $0 $0

TOTAL SALARIES & BENEFITS $0 $0 $0 $0 $0 $0


Supplies And Materials $14,000 $14,000 0.00% $14,000 0.00% $14,000 0.00% $14,000 0.00% $14,000 0.00%

Capital Outlay $0 $0 $0 $0 $0 $0

Other Objects $0 $0 $0 $0 $0 $0

Non-Capitalized Equipment $0 $0 $0 $0 $0 $0



TOTAL ALL OTHER $3,369,189 $3,419,517 1.49% $3,470,600 1.49% $3,522,449 1.49% $3,575,075 1.49% $3,628,491 1.49%


Hinsdale Twp HSD 86Transportation Fund - Expenditure Analysis




0.4%


$3.4 $3.4 $3.5 $3.5 $3.6 $3.6

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 24


163 of 262


REVENUE

Local $1,831,883 $1,912,399 4.40% $1,792,216 -6.28% $1,809,540 0.97% $1,876,864 3.72% $1,884,009 0.38%

State $1,049,032 $951,098 -9.34% $1,248,190 31.24% $776,785 -37.77% $1,069,945 37.74% $1,180,000 10.29%

Federal $93,850 $0 -100.00% $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $2,974,765 $2,863,497 -3.74% $3,040,406 6.18% $2,586,325 -14.93% $2,946,809 13.94% $3,064,009 3.98%

EXPENDITURES

Salary and Benefit Costs $0 $0 $0 $0 $0 $0

Other $2,487,735 $2,720,472 9.36% $2,509,259 -7.76% $2,862,983 14.10% $3,473,183 21.31% $3,369,189 -2.99%

TOTAL EXPENDITURES $2,487,735 $2,720,472 9.36% $2,509,259 -7.76% $2,862,983 14.10% $3,473,183 21.31% $3,369,189 -2.99%

SURPLUS / DEFICIT $487,030 $143,025 $531,147 ($276,658) ($526,374) ($305,180) A


Other Financing Sources $0 $0 $0 $0 $0 $0


TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 $0 $0 B

SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $487,030 $143,025 $531,147 ($276,658) ($526,374) ($305,180) A+B

BEGINNING FUND BALANCE $342,756 $829,786 $972,811 $1,503,958 $1,227,300 ($191,426)

YEAR-END FUND BALANCE* $829,786 $972,811 $1,503,958 $1,227,300 ($191,426) ($496,606)


FUND BALANCE AS % OF EXPENDITURES 33.36% 35.76% 59.94% 42.87% -5.51% -14.74%

FUND BALANCE AS # OF MONTHS OF EXPEND. 4.00 4.29 7.19 5.14 (0.66) (1.77)


Hinsdale Twp HSD 86Transportation Fund - Historical Summary

BUDGET

Page: 25


164 of 262

Transportation Fund - Historical Summary

Hinsdale Twp HSD 86

$829.8 $972.8

$1,504.0

$1,227.3

($191.4)

($496.6)

($1,000)

($500)

$0

$500

$1,000

$1,500

$2,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$487,030

$143,025

$531,147

($276,658)

($526,374)

($305,180)

($600,000)

($400,000)

($200,000)

$0

$200,000

$400,000

$600,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 26


165 of 262

BUDGET


REVENUE

Local $1,884,009 $1,913,831 1.58% $2,354,183 23.01% $2,405,482 2.18% $2,457,804 2.18% $2,511,168 2.17%

State $1,180,000 $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00%

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $3,064,009 $3,093,831 0.97% $3,534,183 14.23% $3,585,482 1.45% $3,637,804 1.46% $3,691,168 1.47%

EXPENDITURES


Other $3,369,189 $3,419,517 1.49% $3,470,600 1.49% $3,522,449 1.49% $3,575,075 1.49% $3,628,491 1.49%


SURPLUS / DEFICIT ($305,180) ($325,686) $63,583 $63,033 $62,728 $62,676 A





SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES ($305,180) ($325,686) $63,583 $63,033 $62,728 $62,676 A+B

BEGINNING FUND BALANCE ($191,426) ($496,606) ($822,292) ($758,709) ($695,676) ($632,947)

PROJECTED YEAR END BALANCE ($496,606) ($822,292) ($758,709) ($695,676) ($632,947) ($570,271)

FUND BALANCE AS % OF EXPENDITURES -14.74% -24.05% -21.86% -19.75% -17.70% -15.72%

FUND BALANCE AS # OF MONTHS OF EXPEND. (1.77) (2.89) (2.62) (2.37) (2.12) (1.89)

Hinsdale Twp HSD 86


Transportation Fund - Projection Summary

Page: 27


166 of 262


Hinsdale Twp HSD 86

($496.6)

($822.3) ($758.7)

($695.7) ($632.9)

($570.3)

($900)

($800)

($700)

($600)

($500)

($400)

($300)

($200)

($100)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($305,180) ($325,686)

$63,583 $63,033 $62,728 $62,676

($350,000)

($300,000)

($250,000)

($200,000)

($150,000)

($100,000)

($50,000)

$0

$50,000

$100,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 28


167 of 262


REVENUE

Local $1,803,698 $1,878,289 4.14% $1,925,470 2.51% $1,993,611 3.54% $1,999,687 0.30% $2,262,515 13.14%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $1,803,698 $1,878,289 4.14% $1,925,470 2.51% $1,993,611 3.54% $1,999,687 0.30% $2,262,515 13.14%

EXPENDITURES


Other $0 $0 $0 $0 $0 $0


SURPLUS / DEFICIT ($6,305) ($26,853) ($42,932) ($196,089) ($775,418) ($3,155,868) A


Other Financing Sources $0 $0 $0 $0 $500,000 $3,150,000


TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 $500,000 $3,150,000 B

SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES ($6,305) ($26,853) ($42,932) ($196,089) ($275,418) ($5,868) A+B

BEGINNING FUND BALANCE $1,080,537 $1,074,232 $1,047,379 $1,004,447 $808,358 ($421,742)

YEAR-END FUND BALANCE* $1,074,232 $1,047,379 $1,004,447 $808,358 ($421,742) ($427,610)




Hinsdale Twp HSD 86Municipal Retirement/Social Security Fund - Historical Summary


Page: 29


168 of 262


$1,074.2 $1,047.4 $1,004.4

$808.4

($421.7) ($427.6) ($600)

($400)

($200)

$0

$200

$400

$600

$800

$1,000

$1,200

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($6,305) ($26,853) ($42,932) ($196,089)

($775,418)

($3,155,868) ($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0

$500,000

$3,150,000

$0.0

$500,000.0

$1,000,000.0

$1,500,000.0

$2,000,000.0

$2,500,000.0

$3,000,000.0

$3,500,000.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 30


169 of 262

BUDGET


REVENUE

Local $2,262,515 $2,293,630 1.38% $2,491,640 8.63% $2,544,411 2.12% $2,598,234 2.12% $2,653,129 2.11%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $2,262,515 $2,293,630 1.38% $2,491,640 8.63% $2,544,411 2.12% $2,598,234 2.12% $2,653,129 2.11%

EXPENDITURES


Other $0 $0 $0 $0 $0 $0


SURPLUS / DEFICIT ($3,155,868) ($142,875) $15,158 $27,287 $39,790 $52,677 A


Other Financing Sources $3,150,000 ($500,000) ($500,000) ($500,000) ($500,000) ($500,000)




BEGINNING FUND BALANCE ($421,742) ($427,610) ($1,070,485) ($1,555,326) ($2,028,040) ($2,488,250)

PROJECTED YEAR END BALANCE ($427,610) ($1,070,485) ($1,555,326) ($2,028,040) ($2,488,250) ($2,935,573)



Hinsdale Twp HSD 86Municipal Retirement/Social Security Fund - Projection Summary


Page: 31


170 of 262


($427.6)

($1,070.5)

($1,555.3)

($2,028.0)

($2,488.2)

($2,935.6)

($3,500)

($3,000)

($2,500)

($2,000)

($1,500)

($1,000)

($500)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($3,155,868)

($142,875)

$15,158 $27,287 $39,790 $52,677

($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

$500,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$3,150,000

($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($1,000,000.0)

($500,000.0)

$0.0

$500,000.0

$1,000,000.0

$1,500,000.0

$2,000,000.0

$2,500,000.0

$3,000,000.0

$3,500,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 32


171 of 262


REVENUE

Local $6,015 $56,908 846.10% $19,960 -64.93% $20,157 0.99% $36,604 81.59% $35,905 -1.91%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $6,015 $56,908 846.10% $19,960 -64.93% $20,157 0.99% $36,604 81.59% $35,905 -1.91%

OTHER FIN. SOURCES/USES

Other Financing Sources $0 $17,959,838 $0 $0 $0 $4,800,000

Other Financing Uses $0 ($17,959,838) $0 $0 ($500,000) ($4,800,000)

TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 ($500,000) $0





Hinsdale Twp HSD 86Working Cash Fund - Historical Summary

BUDGET

Page: 33


172 of 262


$7.3 $7.4 $7.4 $7.4 $7.0 $7.0

$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0

($500,000)

$0

($600,000)

($500,000)

($400,000)

($300,000)

($200,000)

($100,000)

$0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$6.02

$56.91

$19.96 $20.16

$36.60 $35.90

$0

$10

$20

$30

$40

$50

$60

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

TOTAL REVENUE (IN THOUSANDS)

Page: 34


173 of 262

Page: 35


174 of 262

BUDGET


REVENUE

Local $35,905 $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $35,905 $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00%


Other Financing Sources $4,800,000 $0 $0 $0 $0 $0


TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 $0 $0



Hinsdale Twp HSD 86Working Cash Fund - Projection Summary


Page: 36


175 of 262


$7.0 $7.0 $7.1 $7.1 $7.1 $7.2

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$35.90 $35.90 $35.90 $35.90 $35.90 $35.90

$0

$5

$10

$15

$20

$25

$30

$35

$40

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 37


176 of 262


REVENUE

Local $598,040 $702,537 17.47% $631,957 -10.05% $692,330 9.55% $696,760 0.64% $708,132 1.63%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $598,040 $702,537 17.47% $631,957 -10.05% $692,330 9.55% $696,760 0.64% $708,132 1.63%

EXPENDITURES


Other $608,916 $577,393 -5.18% $686,532 18.90% $737,793 7.47% $742,058 0.58% $663,084 -10.64%

TOTAL EXPENDITURES $608,916 $577,393 -5.18% $686,532 18.90% $737,793 7.47% $742,058 0.58% $663,084 -10.64%

SURPLUS / DEFICIT ($10,876) $125,144 ($54,575) ($45,463) ($45,298) $45,048 A





SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES ($10,876) $125,144 ($54,575) ($45,463) ($45,298) $45,048 A+B

BEGINNING FUND BALANCE $537,962 $527,086 $652,230 $597,655 $552,192 $158,613

YEAR-END FUND BALANCE* $527,086 $652,230 $597,655 $552,192 $158,613 $203,661





Hinsdale Twp HSD 86Tort Fund - Historical Summary

BUDGET

Page: 38


177 of 262

Tort Fund - Historical Analysis

Hinsdale Twp HSD 86

$527.1

$652.2

$597.7 $552.2

$158.6 $203.7

$0.0

$100.0

$200.0

$300.0

$400.0

$500.0

$600.0

$700.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($10,876)

$125,144

($54,575) ($45,463) ($45,298)

$45,048

($80,000.0)

($60,000.0)

($40,000.0)

($20,000.0)

$0.0

$20,000.0

$40,000.0

$60,000.0

$80,000.0

$100,000.0

$120,000.0

$140,000.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0.0

$100,000.0

$200,000.0

$300,000.0

$400,000.0

$500,000.0

$600,000.0

$700,000.0

$800,000.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 39


178 of 262

BUDGET


REVENUE

Local $708,132 $719,689 1.63% $735,770 2.23% $752,173 2.23% $768,902 2.22% $785,964 2.22%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $708,132 $719,689 1.63% $735,770 2.23% $752,173 2.23% $768,902 2.22% $785,964 2.22%

EXPENDITURES


Other $663,084 $673,030 1.50% $683,126 1.50% $693,373 1.50% $703,773 1.50% $714,330 1.50%

TOTAL EXPENDITURES $663,084 $673,030 1.50% $683,126 1.50% $693,373 1.50% $703,773 1.50% $714,330 1.50%

SURPLUS / DEFICIT $45,048 $46,658 $52,644 $58,800 $65,128 $71,634 A





SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $45,048 $46,658 $52,644 $58,800 $65,128 $71,634 A+B


PROJECTED YEAR END BALANCE $203,661 $250,319 $302,963 $361,763 $426,891 $498,525



Hinsdale Twp HSD 86


Tort Fund - Projection Summary

Page: 40


179 of 262

Hinsdale Twp HSD 86Tort Fund - Projection Analysis

$203.7 $250.3

$303.0

$361.8

$426.9

$498.5

$0.0

$100.0

$200.0

$300.0

$400.0

$500.0

$600.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$45,048 $46,658

$52,644

$58,800

$65,128

$71,634

$0.0

$10,000.0

$20,000.0

$30,000.0

$40,000.0

$50,000.0

$60,000.0

$70,000.0

$80,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0.0

$100,000.0

$200,000.0

$300,000.0

$400,000.0

$500,000.0

$600,000.0

$700,000.0

$800,000.0

$900,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 41


180 of 262


Scenario 2: Property Tax Freeze 2016 & 2017

181 of 262

















Changes Include:









November 30, 2015


182 of 262

BUDGET


LOCAL

Property Taxes $75,152,326 $75,748,760 0.79% $76,306,482 0.74% $78,016,658 2.24% $79,760,979 2.24% $81,540,083 2.23%



STATE






TOTAL REVENUE $89,054,409 $89,545,520 0.55% $90,070,523 0.59% $91,759,167 1.87% $93,485,322 1.88% $95,250,177 1.89%


REVENUE PROJECTIONS



1.3%

Other State 3.4%

Federal 1.5%


$89.1 $89.5 $90.1 $91.8 $93.5 $95.3

$0

$20

$40

$60

$80

$100

$120


Page: 3


183 of 262

BUDGET


Salaries $54,517,935 $55,460,243 1.73% $56,530,666 1.93% $57,622,155 1.93% $58,735,131 1.93% $59,870,022 1.93%

Benefits $16,210,267 $14,251,327 -12.08% $15,416,401 8.18% $16,693,521 8.28% $18,093,817 8.39% $19,629,526 8.49%




Capital Outlay $2,151,194 $2,151,194 0.00% $2,151,194 0.00% $2,151,194 0.00% $2,151,194 0.00% $2,151,194 0.00%

Other Objects $5,266,165 $5,509,524 4.62% $5,765,051 4.64% $6,033,354 4.65% $6,315,073 4.67% $6,610,878 4.68%




TOTAL ALL OTHER $20,246,943 $20,629,313 1.89% $21,025,936 1.92% $21,437,451 1.96% $21,864,531 1.99% $22,307,876 2.03%




Salaries 59.9%

Benefits 17.8%



3.7% Capital Outlay

2.4%

Other Objects 5.8%


$91.0 $90.3 $93.0 $95.8 $98.7 $101.8

$0

$20

$40

$60

$80

$100

$120

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 4


184 of 262


REVENUE

Local $73,169,269 $75,608,026 3.33% $77,268,782 2.20% $79,767,318 3.23% $80,385,332 0.77% $83,534,333 3.92%

State $4,135,348 $3,818,580 -7.66% $4,481,967 17.37% $3,551,358 -20.76% $3,977,581 12.00% $4,165,155 4.72%

Federal $1,443,574 $1,139,695 -21.05% $1,175,001 3.10% $1,091,866 -7.08% $1,273,594 16.64% $1,354,922 6.39%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $78,748,191 $80,566,301 2.31% $82,925,750 2.93% $84,410,542 1.79% $85,636,507 1.45% $89,054,409 3.99%

EXPENDITURES


Other $21,321,626 $19,873,504 -6.79% $19,408,070 -2.34% $17,646,295 -9.08% $20,061,188 13.68% $20,246,943 0.93%















Page: 5


185 of 262


Hinsdale Twp HSD 86

$54.4 $53.8 $55.6 $56.7

$18.7 $18.7

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($2,410,529)

($208,058)

$1,880,152

$1,404,407

($1,092,396)

($1,920,736)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$110,760

($390,024) ($131,510)

($319,808) ($192,026)

$1,926,860

($1,000,000)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

$100,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 6


186 of 262

BUDGET


REVENUE

Local $83,534,333 $84,095,767 0.67% $84,653,489 0.66% $86,363,665 2.02% $88,107,985 2.02% $89,887,089 2.02%

State $4,165,155 $4,094,832 -1.69% $4,062,113 -0.80% $4,040,580 -0.53% $4,022,416 -0.45% $4,008,167 -0.35%

Federal $1,354,922 $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $89,054,409 $89,545,520 0.55% $90,070,523 0.59% $91,759,167 1.87% $93,485,322 1.88% $95,250,177 1.89%

EXPENDITURES


Other $20,246,943 $20,629,313 1.89% $21,025,936 1.92% $21,437,451 1.96% $21,864,531 1.99% $22,307,876 2.03%


SURPLUS / DEFICIT ($1,920,736) ($795,363) ($2,902,479) ($3,993,962) ($5,208,156) ($6,557,247) A





SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $6,124 ($1,286,863) ($3,393,979) ($4,485,462) ($5,699,656) ($7,048,747) A+B


PROJECTED YEAR END BALANCE $18,673,123 $17,386,261 $13,992,281 $9,506,820 $3,807,164 ($3,241,583)

FUND BALANCE AS % OF EXPENDITURES 20.53% 19.25% 15.05% 9.93% 3.86% -3.18%

FUND BALANCE AS # OF MONTHS OF EXPEND. 2.46 2.31 1.81 1.19 0.46 (0.38)



Page: 7


187 of 262


Hinsdale Twp HSD 86

$18,673.1 $17,386.3

$13,992.3

$9,506.8

$3,807.2

($3,241.6) ($5,000.0)

$0.0

$5,000.0

$10,000.0

$15,000.0

$20,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($1,920,736)

($795,363)

($2,902,479)

($3,993,962)

($5,208,156)

($6,557,247) ($7,000,000)

($6,000,000)

($5,000,000)

($4,000,000)

($3,000,000)

($2,000,000)

($1,000,000)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$1,926,860

($491,500) ($491,500) ($491,500) ($491,500) ($491,500) ($1,000,000)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 8


188 of 262

$54,435,702 $53,837,620 $55,586,262

$56,670,861

$18,666,999 $18,673,123 $17,386,261

$13,992,281

$9,506,820

$3,807,164

($3,241,583)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

($30)

($20)

($10)

$0

$10

$20

$30

$40

$50

$60

$70


Mill

ion

s


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 FY End Balances



189 of 262

Hinsdale Twp HSD 86

$18,673,123 $17,386,261

$13,992,281

$9,506,820

$3,807,164

($3,241,583)

2016 2017 2018 2019 2020 2021

($25,000,000)

($20,000,000)

($15,000,000)

($10,000,000)

($5,000,000)

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000



2016 2017 2018 2019 2020 2021 FY-End Balances

Page: 10


190 of 262

BUDGET


LOCAL

Property Taxes $60,535,975 $61,016,402 0.79% $63,310,096 3.76% $64,728,999 2.24% $66,176,230 2.24% $67,652,320 2.23%



STATE






TOTAL REVENUE $72,642,040 $73,020,785 0.52% $75,281,761 3.10% $76,679,130 1.86% $78,108,196 1.86% $79,570,037 1.87%

REVENUE PROJECTIONS



Other Local 10.7%


2.5%

Federal 1.9%


$72.6 $73.0 $75.3 $76.7 $78.1 $79.6

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 11


191 of 262

BUDGET


Salaries $52,141,899 $53,065,198 1.77% $54,099,696 1.95% $55,154,721 1.95% $56,230,684 1.95% $57,328,009 1.95%

Benefits $10,140,871 $11,098,708 9.45% $12,152,193 9.49% $13,309,899 9.53% $14,582,225 9.56% $15,980,611 9.59%




Capital Outlay $913,244 $913,244 0.00% $913,244 0.00% $913,244 0.00% $913,244 0.00% $913,244 0.00%

Other Objects $5,255,165 $5,498,524 4.63% $5,754,051 4.65% $6,022,354 4.66% $6,304,073 4.68% $6,599,878 4.69%




TOTAL ALL OTHER $11,224,695 $11,511,554 2.56% $11,811,233 2.60% $12,124,350 2.65% $12,451,555 2.70% $12,793,528 2.75%




Salaries 70.9%

Benefits 13.8%



2.7%


7.1%


$73.5 $75.7 $78.1 $80.6 $83.3

$86.1

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 12


192 of 262


REVENUE

Local $59,668,088 $61,349,003 2.82% $62,970,371 2.64% $65,113,762 3.40% $65,635,982 0.80% $68,301,964 4.06%

State $3,086,316 $2,867,482 -7.09% $3,183,777 11.03% $2,774,573 -12.85% $2,907,636 4.80% $2,985,155 2.67%

Federal $1,183,082 $1,139,695 -3.67% $1,175,001 3.10% $1,091,866 -7.08% $1,273,594 16.64% $1,354,922 6.39%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $63,937,486 $65,356,180 2.22% $67,329,149 3.02% $68,980,201 2.45% $69,817,212 1.21% $72,642,040 4.05%

EXPENDITURES


Other $12,659,136 $10,956,506 -13.45% $10,768,657 -1.71% $9,356,422 -13.11% $11,130,117 18.96% $11,224,695 0.85%















BUDGET

Page: 13


193 of 262

Chart Title:


MILLIONS


Hinsdale Twp HSD 86

$37.0 $35.3 $35.4 $34.9

$2.9 $2.1

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

$40.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($3,660,765)

($1,503,179)

$43,600

($357,663)

($2,308,653)

($865,425)

($4,000,000)

($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

$500,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$300,848

($201,551)

$57,077

($125,936)

$0 $7,000

($300,000)

($200,000)

($100,000)

$0

$100,000

$200,000

$300,000

$400,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 14


194 of 262

BUDGET


REVENUE

Local $68,301,964 $68,751,032 0.66% $71,044,726 3.34% $72,463,628 2.00% $73,910,859 2.00% $75,386,949 2.00%

State $2,985,155 $2,914,832 -2.36% $2,882,113 -1.12% $2,860,580 -0.75% $2,842,416 -0.63% $2,828,167 -0.50%

Federal $1,354,922 $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $72,642,040 $73,020,785 0.52% $75,281,761 3.10% $76,679,130 1.86% $78,108,196 1.86% $79,570,037 1.87%

EXPENDITURES


Other $11,224,695 $11,511,554 2.56% $11,811,233 2.60% $12,124,350 2.65% $12,451,555 2.70% $12,793,528 2.75%


SURPLUS / DEFICIT ($865,425) ($2,654,676) ($2,781,362) ($3,909,840) ($5,156,269) ($6,532,111) A





SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES ($858,425) ($2,647,676) ($2,774,362) ($3,902,840) ($5,149,269) ($6,525,111) A+B

BEGINNING FUND BALANCE $2,937,037 $2,078,612 ($569,064) ($3,343,426) ($7,246,266) ($12,395,534)

PROJECTED YEAR END BALANCE $2,078,612 ($569,064) ($3,343,426) ($7,246,266) ($12,395,534) ($18,920,645)

FUND BALANCE AS % OF EXPENDITURES 2.83% -0.75% -4.28% -8.99% -14.89% -21.97%

FUND BALANCE AS # OF MONTHS OF EXPEND. 0.34 (0.09) (0.51) (1.08) (1.79) (2.64)


Hinsdale Twp HSD 86


Page: 15


195 of 262


$2,078.6

($569.1)

($3,343.4)

($7,246.3)

($12,395.5)

($18,920.6) ($20,000.0)

($15,000.0)

($10,000.0)

($5,000.0)

$0.0

$5,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($865,425)

($2,654,676) ($2,781,362)

($3,909,840)

($5,156,269)

($6,532,111) ($7,000,000)

($6,000,000)

($5,000,000)

($4,000,000)

($3,000,000)

($2,000,000)

($1,000,000)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$7,000 $7,000 $7,000 $7,000 $7,000 $7,000

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

$100,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 16


196 of 262

BUDGET


LOCAL

Property Taxes $9,957,612 $10,036,704 0.79% $7,717,805 -23.10% $7,890,761 2.24% $8,067,170 2.24% $8,247,097 2.23%



STATE






TOTAL REVENUE $10,341,808 $10,420,900 0.76% $8,102,001 -22.25% $8,274,957 2.13% $8,451,366 2.13% $8,631,293 2.13%

REVENUE PROJECTIONS



Other Local 3.7%


$10.3 $10.4

$8.1 $8.3 $8.5 $8.6

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 17


197 of 262

BUDGET


Salaries $2,376,036 $2,395,044 0.80% $2,430,970 1.50% $2,467,435 1.50% $2,504,446 1.50% $2,542,013 1.50%

Benefits $651,013 $716,114 10.00% $787,726 10.00% $866,498 10.00% $953,148 10.00% $1,048,463 10.00%




Capital Outlay $1,237,950 $1,237,950 0.00% $1,237,950 0.00% $1,237,950 0.00% $1,237,950 0.00% $1,237,950 0.00%

Other Objects $11,000 $11,000 0.00% $11,000 0.00% $11,000 0.00% $11,000 0.00% $11,000 0.00%




TOTAL ALL OTHER $4,989,974 $5,025,212 0.71% $5,060,978 0.71% $5,097,280 0.72% $5,134,127 0.72% $5,171,526 0.73%




Salaries 29.6%

Benefits 8.1%



17.0%


0.1%


$8.0 $8.1 $8.3 $8.4 $8.6 $8.8

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

$10.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 18


198 of 262


REVENUE

Local $9,261,545 $9,708,890 4.83% $9,928,808 2.27% $10,137,918 2.11% $10,139,435 0.01% $10,341,808 2.00%

State $0 $0 $50,000 $0 -100.00% $0 $0

Federal $166,642 $0 -100.00% $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $9,428,187 $9,708,890 2.98% $9,978,808 2.78% $10,137,918 1.59% $10,139,435 0.01% $10,341,808 2.00%

EXPENDITURES


Other $5,565,839 $5,619,133 0.96% $5,443,622 -3.12% $4,689,097 -13.86% $4,715,830 0.57% $4,989,974 5.81%















BUDGET

Page: 19


199 of 262

Chart Title:


MILLIONS


$7.7 $8.5

$9.7

$11.7

$9.2

$10.3

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$774,372

$996,897

$1,382,952

$2,260,123

$2,526,743

$2,324,785

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($190,088) ($188,473) ($188,587) ($193,872) ($192,026)

($1,230,140) ($1,400,000)

($1,200,000)

($1,000,000)

($800,000)

($600,000)

($400,000)

($200,000)

$0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 20


200 of 262

BUDGET


REVENUE

Local $10,341,808 $10,420,900 0.76% $8,102,001 -22.25% $8,274,957 2.13% $8,451,366 2.13% $8,631,293 2.13%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $10,341,808 $10,420,900 0.76% $8,102,001 -22.25% $8,274,957 2.13% $8,451,366 2.13% $8,631,293 2.13%

EXPENDITURES


Other $4,989,974 $5,025,212 0.71% $5,060,978 0.71% $5,097,280 0.72% $5,134,127 0.72% $5,171,526 0.73%


SURPLUS / DEFICIT $2,324,785 $2,284,530 ($177,672) ($156,256) ($140,355) ($130,710) A





SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $1,094,645 $2,286,030 ($176,172) ($154,756) ($138,855) ($129,210) A+B





Hinsdale Twp HSD 86



Page: 21


201 of 262


Hinsdale Twp HSD 86

$10.3

$12.6 $12.4 $12.3 $12.1 $12.0

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$2,324,785 $2,284,530

($177,672) ($156,256) ($140,355) ($130,710)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($1,230,140)

$1,500 $1,500 $1,500 $1,500 $1,500

($1,400,000)

($1,200,000)

($1,000,000)

($800,000)

($600,000)

($400,000)

($200,000)

$0

$200,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 22


202 of 262

BUDGET


LOCAL

Property Taxes $1,824,524 $1,838,985 0.79% $2,251,327 22.42% $2,301,794 2.24% $2,353,268 2.24% $2,405,769 2.23%



STATE






TOTAL REVENUE $3,064,009 $3,078,470 0.47% $3,490,812 13.39% $3,541,279 1.45% $3,592,753 1.45% $3,645,254 1.46%

REVENUE PROJECTIONS



Other Local 1.9%

Other State 38.5%


$3.1 $3.1

$3.5 $3.5 $3.6 $3.6

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 23


203 of 262

BUDGET


Salaries $0 $0 $0 $0 $0 $0

Benefits $0 $0 $0 $0 $0 $0





Other Objects $0 $0 $0 $0 $0 $0




TOTAL ALL OTHER $3,369,189 $3,419,517 1.49% $3,470,600 1.49% $3,522,449 1.49% $3,575,075 1.49% $3,628,491 1.49%






0.4%


$3.4 $3.4 $3.5 $3.5 $3.6 $3.6

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 24


204 of 262


REVENUE

Local $1,831,883 $1,912,399 4.40% $1,792,216 -6.28% $1,809,540 0.97% $1,876,864 3.72% $1,884,009 0.38%

State $1,049,032 $951,098 -9.34% $1,248,190 31.24% $776,785 -37.77% $1,069,945 37.74% $1,180,000 10.29%

Federal $93,850 $0 -100.00% $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $2,974,765 $2,863,497 -3.74% $3,040,406 6.18% $2,586,325 -14.93% $2,946,809 13.94% $3,064,009 3.98%

EXPENDITURES


Other $2,487,735 $2,720,472 9.36% $2,509,259 -7.76% $2,862,983 14.10% $3,473,183 21.31% $3,369,189 -2.99%















BUDGET

Page: 25


205 of 262


Hinsdale Twp HSD 86

$829.8 $972.8

$1,504.0

$1,227.3

($191.4)

($496.6)

($1,000)

($500)

$0

$500

$1,000

$1,500

$2,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$487,030

$143,025

$531,147

($276,658)

($526,374)

($305,180)

($600,000)

($400,000)

($200,000)

$0

$200,000

$400,000

$600,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 26


206 of 262

BUDGET


REVENUE

Local $1,884,009 $1,898,470 0.77% $2,310,812 21.72% $2,361,279 2.18% $2,412,753 2.18% $2,465,254 2.18%

State $1,180,000 $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00%

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $3,064,009 $3,078,470 0.47% $3,490,812 13.39% $3,541,279 1.45% $3,592,753 1.45% $3,645,254 1.46%

EXPENDITURES


Other $3,369,189 $3,419,517 1.49% $3,470,600 1.49% $3,522,449 1.49% $3,575,075 1.49% $3,628,491 1.49%












Hinsdale Twp HSD 86



Page: 27


207 of 262


Hinsdale Twp HSD 86

($496.6)

($837.7) ($817.4) ($798.6) ($780.9) ($764.2) ($900)

($800)

($700)

($600)

($500)

($400)

($300)

($200)

($100)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($305,180)

($341,047)

$20,213 $18,830 $17,678 $16,762

($400,000)

($350,000)

($300,000)

($250,000)

($200,000)

($150,000)

($100,000)

($50,000)

$0

$50,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 28


208 of 262


REVENUE

Local $1,803,698 $1,878,289 4.14% $1,925,470 2.51% $1,993,611 3.54% $1,999,687 0.30% $2,262,515 13.14%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $1,803,698 $1,878,289 4.14% $1,925,470 2.51% $1,993,611 3.54% $1,999,687 0.30% $2,262,515 13.14%

EXPENDITURES


Other $0 $0 $0 $0 $0 $0















Page: 29


209 of 262


$1,074.2 $1,047.4 $1,004.4

$808.4

($421.7) ($427.6) ($600)

($400)

($200)

$0

$200

$400

$600

$800

$1,000

$1,200

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($6,305) ($26,853) ($42,932) ($196,089)

($775,418)

($3,155,868) ($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0

$500,000

$3,150,000

$0.0

$500,000.0

$1,000,000.0

$1,500,000.0

$2,000,000.0

$2,500,000.0

$3,000,000.0

$3,500,000.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 30


210 of 262

BUDGET


REVENUE

Local $2,262,515 $2,275,716 0.58% $2,441,060 7.27% $2,492,840 2.12% $2,545,655 2.12% $2,599,523 2.12%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $2,262,515 $2,275,716 0.58% $2,441,060 7.27% $2,492,840 2.12% $2,545,655 2.12% $2,599,523 2.12%

EXPENDITURES


Other $0 $0 $0 $0 $0 $0


SURPLUS / DEFICIT ($3,155,868) ($160,788) ($35,422) ($24,284) ($12,789) ($929) A












Page: 31


211 of 262


($427.6)

($1,088.4)

($1,623.8)

($2,148.1)

($2,660.9)

($3,161.8) ($3,500)

($3,000)

($2,500)

($2,000)

($1,500)

($1,000)

($500)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($3,155,868)

($160,788) ($35,422) ($24,284) ($12,789) ($929)

($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$3,150,000

($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($1,000,000.0)

($500,000.0)

$0.0

$500,000.0

$1,000,000.0

$1,500,000.0

$2,000,000.0

$2,500,000.0

$3,000,000.0

$3,500,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 32


212 of 262


REVENUE

Local $6,015 $56,908 846.10% $19,960 -64.93% $20,157 0.99% $36,604 81.59% $35,905 -1.91%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $6,015 $56,908 846.10% $19,960 -64.93% $20,157 0.99% $36,604 81.59% $35,905 -1.91%










BUDGET

Page: 33


213 of 262


$7.3 $7.4 $7.4 $7.4 $7.0 $7.0

$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0

($500,000)

$0

($600,000)

($500,000)

($400,000)

($300,000)

($200,000)

($100,000)

$0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$6.02

$56.91

$19.96 $20.16

$36.60 $35.90

$0

$10

$20

$30

$40

$50

$60

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


Page: 34


214 of 262

Page: 35


215 of 262

BUDGET


REVENUE

Local $35,905 $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $35,905 $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00%









Page: 36


216 of 262


$7.0 $7.0 $7.1 $7.1 $7.1 $7.2

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$35.90 $35.90 $35.90 $35.90 $35.90 $35.90

$0

$5

$10

$15

$20

$25

$30

$35

$40

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 37


217 of 262


REVENUE

Local $598,040 $702,537 17.47% $631,957 -10.05% $692,330 9.55% $696,760 0.64% $708,132 1.63%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $598,040 $702,537 17.47% $631,957 -10.05% $692,330 9.55% $696,760 0.64% $708,132 1.63%

EXPENDITURES


Other $608,916 $577,393 -5.18% $686,532 18.90% $737,793 7.47% $742,058 0.58% $663,084 -10.64%















BUDGET

Page: 38


218 of 262


Hinsdale Twp HSD 86

$527.1

$652.2

$597.7 $552.2

$158.6 $203.7

$0.0

$100.0

$200.0

$300.0

$400.0

$500.0

$600.0

$700.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($10,876)

$125,144

($54,575) ($45,463) ($45,298)

$45,048

($80,000.0)

($60,000.0)

($40,000.0)

($20,000.0)

$0.0

$20,000.0

$40,000.0

$60,000.0

$80,000.0

$100,000.0

$120,000.0

$140,000.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0.0

$100,000.0

$200,000.0

$300,000.0

$400,000.0

$500,000.0

$600,000.0

$700,000.0

$800,000.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 39


219 of 262

BUDGET


REVENUE

Local $708,132 $713,744 0.79% $718,985 0.73% $735,056 2.24% $751,447 2.23% $768,165 2.22%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $708,132 $713,744 0.79% $718,985 0.73% $735,056 2.24% $751,447 2.23% $768,165 2.22%

EXPENDITURES


Other $663,084 $673,030 1.50% $683,126 1.50% $693,373 1.50% $703,773 1.50% $714,330 1.50%












Hinsdale Twp HSD 86



Page: 40


220 of 262


$203.7

$244.4 $280.2

$321.9

$369.6

$423.4

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

$350.0

$400.0

$450.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$45,048

$40,714

$35,859

$41,683

$47,674

$53,836

$0.0

$10,000.0

$20,000.0

$30,000.0

$40,000.0

$50,000.0

$60,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0.0

$100,000.0

$200,000.0

$300,000.0

$400,000.0

$500,000.0

$600,000.0

$700,000.0

$800,000.0

$900,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 41


221 of 262


Scenario 3: Miscellaneous Assumption Changes

222 of 262

















Changes Include:









November 30, 2015


223 of 262

BUDGET


LOCAL

Property Taxes $75,152,326 $76,381,376 1.64% $78,335,285 2.56% $80,330,632 2.55% $82,368,223 2.54% $84,448,874 2.53%



STATE






TOTAL REVENUE $89,054,409 $90,178,136 1.26% $92,099,326 2.13% $94,073,141 2.14% $96,092,566 2.15% $98,158,969 2.15%


REVENUE PROJECTIONS



1.3%

Other State 3.4%

Federal 1.5%


$89.1 $90.2 $92.1 $94.1 $96.1 $98.2

$0

$20

$40

$60

$80

$100

$120


Page: 3


224 of 262

BUDGET


Salaries $54,517,935 $54,634,079 0.21% $55,453,590 1.50% $56,285,394 1.50% $57,129,675 1.50% $57,986,620 1.50%

Benefits $16,210,267 $14,147,335 -12.73% $15,297,095 8.13% $16,193,866 5.86% $17,150,801 5.91% $18,172,072 5.95%




Capital Outlay $2,151,194 $2,151,194 0.00% $2,151,194 0.00% $2,151,194 0.00% $2,151,194 0.00% $2,151,194 0.00%

Other Objects $5,266,165 $5,509,524 4.62% $5,765,051 4.64% $6,033,354 4.65% $6,315,073 4.67% $6,610,878 4.68%




TOTAL ALL OTHER $20,246,943 $20,629,313 1.89% $21,025,936 1.92% $21,437,451 1.96% $21,864,531 1.99% $22,307,876 2.03%




Salaries 59.9%

Benefits 17.8%



3.7% Capital Outlay

2.4%

Other Objects 5.8%


$91.0 $89.4 $91.8 $93.9 $96.1 $98.5

$0

$20

$40

$60

$80

$100

$120

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 4


225 of 262


REVENUE

Local $73,169,269 $75,608,026 3.33% $77,268,782 2.20% $79,767,318 3.23% $80,385,332 0.77% $83,534,333 3.92%

State $4,135,348 $3,818,580 -7.66% $4,481,967 17.37% $3,551,358 -20.76% $3,977,581 12.00% $4,165,155 4.72%

Federal $1,443,574 $1,139,695 -21.05% $1,175,001 3.10% $1,091,866 -7.08% $1,273,594 16.64% $1,354,922 6.39%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $78,748,191 $80,566,301 2.31% $82,925,750 2.93% $84,410,542 1.79% $85,636,507 1.45% $89,054,409 3.99%

EXPENDITURES


Other $21,321,626 $19,873,504 -6.79% $19,408,070 -2.34% $17,646,295 -9.08% $20,061,188 13.68% $20,246,943 0.93%















Page: 5


226 of 262


Hinsdale Twp HSD 86

$54.4 $53.8 $55.6 $56.7

$18.7 $18.7

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($2,410,529)

($208,058)

$1,880,152

$1,404,407

($1,092,396)

($1,920,736)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$110,760

($390,024) ($131,510)

($319,808) ($192,026)

$1,926,860

($1,000,000)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

$100,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 6


227 of 262

BUDGET


REVENUE

Local $83,534,333 $84,728,383 1.43% $86,682,291 2.31% $88,677,639 2.30% $90,715,229 2.30% $92,795,881 2.29%

State $4,165,155 $4,094,832 -1.69% $4,062,113 -0.80% $4,040,580 -0.53% $4,022,416 -0.45% $4,008,167 -0.35%

Federal $1,354,922 $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $89,054,409 $90,178,136 1.26% $92,099,326 2.13% $94,073,141 2.14% $96,092,566 2.15% $98,158,969 2.15%

EXPENDITURES


Other $20,246,943 $20,629,313 1.89% $21,025,936 1.92% $21,437,451 1.96% $21,864,531 1.99% $22,307,876 2.03%


SURPLUS / DEFICIT ($1,920,736) $767,410 $322,706 $156,429 ($52,440) ($307,599) A





SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $6,124 $275,910 ($168,794) ($335,071) ($543,940) ($799,099) A+B







Page: 7


228 of 262


Hinsdale Twp HSD 86

$18.7 $18.9 $18.8

$18.4

$17.9

$17.1

$16.0

$16.5

$17.0

$17.5

$18.0

$18.5

$19.0

$19.5

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($1,920,736)

$767,410

$322,706 $156,429

($52,440)

($307,599)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

$500,000

$1,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$1,926,860

($491,500) ($491,500) ($491,500) ($491,500) ($491,500) ($1,000,000)

($500,000)

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 8


229 of 262

$54,435,702 $53,837,620 $55,586,262

$56,670,861

$18,666,999 $18,673,123 $18,949,033 $18,780,238 $18,445,168 $17,901,228 $17,102,129

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

($10)

$0

$10

$20

$30

$40

$50

$60


Mill

ion

s


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 FY End Balances



230 of 262

Hinsdale Twp HSD 86

$18,673,123 $18,949,033 $18,780,238 $18,445,168 $17,901,228

$17,102,129

2016 2017 2018 2019 2020 2021

($5,000,000)

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000



2016 2017 2018 2019 2020 2021 FY-End Balances

Page: 10


231 of 262

BUDGET


LOCAL

Property Taxes $60,535,975 $61,525,974 1.64% $64,944,296 5.56% $66,598,550 2.55% $68,287,825 2.54% $70,012,799 2.53%



STATE






TOTAL REVENUE $72,642,040 $73,530,356 1.22% $76,915,960 4.60% $78,548,681 2.12% $80,219,791 2.13% $81,930,517 2.13%

REVENUE PROJECTIONS



Other Local 10.7%


2.5%

Federal 1.9%


$72.6 $73.5 $76.9 $78.5 $80.2 $81.9

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 11


232 of 262

BUDGET


Salaries $52,141,899 $52,239,034 0.19% $53,022,620 1.50% $53,817,959 1.50% $54,625,229 1.50% $55,444,607 1.50%

Benefits $10,140,871 $11,011,764 8.59% $12,054,059 9.47% $12,859,172 6.68% $13,720,063 6.69% $14,640,627 6.71%




Capital Outlay $913,244 $913,244 0.00% $913,244 0.00% $913,244 0.00% $913,244 0.00% $913,244 0.00%

Other Objects $5,255,165 $5,498,524 4.63% $5,754,051 4.65% $6,022,354 4.66% $6,304,073 4.68% $6,599,878 4.69%




TOTAL ALL OTHER $11,224,695 $11,511,554 2.56% $11,811,233 2.60% $12,124,350 2.65% $12,451,555 2.70% $12,793,528 2.75%




Salaries 70.9%

Benefits 13.8%



2.7%


7.1%


$73.5 $74.8 $76.9 $78.8 $80.8 $82.9

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 12


233 of 262


REVENUE

Local $59,668,088 $61,349,003 2.82% $62,970,371 2.64% $65,113,762 3.40% $65,635,982 0.80% $68,301,964 4.06%

State $3,086,316 $2,867,482 -7.09% $3,183,777 11.03% $2,774,573 -12.85% $2,907,636 4.80% $2,985,155 2.67%

Federal $1,183,082 $1,139,695 -3.67% $1,175,001 3.10% $1,091,866 -7.08% $1,273,594 16.64% $1,354,922 6.39%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $63,937,486 $65,356,180 2.22% $67,329,149 3.02% $68,980,201 2.45% $69,817,212 1.21% $72,642,040 4.05%

EXPENDITURES


Other $12,659,136 $10,956,506 -13.45% $10,768,657 -1.71% $9,356,422 -13.11% $11,130,117 18.96% $11,224,695 0.85%















BUDGET

Page: 13


234 of 262

Chart Title:


MILLIONS


Hinsdale Twp HSD 86

$37.0 $35.3 $35.4 $34.9

$2.9 $2.1

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

$40.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($3,660,765)

($1,503,179)

$43,600

($357,663)

($2,308,653)

($865,425)

($4,000,000)

($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

$500,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$300,848

($201,551)

$57,077

($125,936)

$0 $7,000

($300,000)

($200,000)

($100,000)

$0

$100,000

$200,000

$300,000

$400,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 14


235 of 262

BUDGET


REVENUE

Local $68,301,964 $69,260,603 1.40% $72,678,925 4.94% $74,333,179 2.28% $76,022,454 2.27% $77,747,429 2.27%

State $2,985,155 $2,914,832 -2.36% $2,882,113 -1.12% $2,860,580 -0.75% $2,842,416 -0.63% $2,828,167 -0.50%

Federal $1,354,922 $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00% $1,354,922 0.00%

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $72,642,040 $73,530,356 1.22% $76,915,960 4.60% $78,548,681 2.12% $80,219,791 2.13% $81,930,517 2.13%

EXPENDITURES


Other $11,224,695 $11,511,554 2.56% $11,811,233 2.60% $12,124,350 2.65% $12,451,555 2.70% $12,793,528 2.75%


SURPLUS / DEFICIT ($865,425) ($1,231,996) $28,049 ($252,801) ($577,055) ($948,245) A





SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES ($858,425) ($1,224,996) $35,049 ($245,801) ($570,055) ($941,245) A+B

BEGINNING FUND BALANCE $2,937,037 $2,078,612 $853,616 $888,664 $642,864 $72,809

PROJECTED YEAR END BALANCE $2,078,612 $853,616 $888,664 $642,864 $72,809 ($868,437)

FUND BALANCE AS % OF EXPENDITURES 2.83% 1.14% 1.16% 0.82% 0.09% -1.05%

FUND BALANCE AS # OF MONTHS OF EXPEND. 0.34 0.14 0.14 0.10 0.01 (0.13)


Hinsdale Twp HSD 86


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$2,078.6

$853.6 $888.7 $642.9

$72.8

($868.4)

($1,500.0)

($1,000.0)

($500.0)

$0.0

$500.0

$1,000.0

$1,500.0

$2,000.0

$2,500.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($865,425)

($1,231,996)

$28,049

($252,801)

($577,055)

($948,245)

($1,400,000)

($1,200,000)

($1,000,000)

($800,000)

($600,000)

($400,000)

($200,000)

$0

$200,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$7,000 $7,000 $7,000 $7,000 $7,000 $7,000

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 16


237 of 262

BUDGET


LOCAL

Property Taxes $9,957,612 $10,120,529 1.64% $7,986,632 -21.08% $8,190,050 2.55% $8,397,775 2.54% $8,609,889 2.53%



STATE






TOTAL REVENUE $10,341,808 $10,504,725 1.58% $8,370,828 -20.31% $8,574,246 2.43% $8,781,970 2.42% $8,994,085 2.42%

REVENUE PROJECTIONS



Other Local 3.7%


$10.3 $10.5

$8.4 $8.6 $8.8 $9.0

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 17


238 of 262

BUDGET


Salaries $2,376,036 $2,395,044 0.80% $2,430,970 1.50% $2,467,435 1.50% $2,504,446 1.50% $2,542,013 1.50%

Benefits $651,013 $710,958 9.21% $782,053 10.00% $836,797 7.00% $895,373 7.00% $958,049 7.00%




Capital Outlay $1,237,950 $1,237,950 0.00% $1,237,950 0.00% $1,237,950 0.00% $1,237,950 0.00% $1,237,950 0.00%

Other Objects $11,000 $11,000 0.00% $11,000 0.00% $11,000 0.00% $11,000 0.00% $11,000 0.00%




TOTAL ALL OTHER $4,989,974 $5,025,212 0.71% $5,060,978 0.71% $5,097,280 0.72% $5,134,127 0.72% $5,171,526 0.73%




Salaries 29.6%

Benefits 8.1%



17.0%


0.1%


$8.0 $8.1 $8.3 $8.4 $8.5 $8.7

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

$10.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 18


239 of 262


REVENUE

Local $9,261,545 $9,708,890 4.83% $9,928,808 2.27% $10,137,918 2.11% $10,139,435 0.01% $10,341,808 2.00%

State $0 $0 $50,000 $0 -100.00% $0 $0

Federal $166,642 $0 -100.00% $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $9,428,187 $9,708,890 2.98% $9,978,808 2.78% $10,137,918 1.59% $10,139,435 0.01% $10,341,808 2.00%

EXPENDITURES


Other $5,565,839 $5,619,133 0.96% $5,443,622 -3.12% $4,689,097 -13.86% $4,715,830 0.57% $4,989,974 5.81%















BUDGET

Page: 19


240 of 262

Chart Title:


MILLIONS


$7.7 $8.5

$9.7

$11.7

$9.2

$10.3

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$774,372

$996,897

$1,382,952

$2,260,123

$2,526,743

$2,324,785

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($190,088) ($188,473) ($188,587) ($193,872) ($192,026)

($1,230,140) ($1,400,000)

($1,200,000)

($1,000,000)

($800,000)

($600,000)

($400,000)

($200,000)

$0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 20


241 of 262

BUDGET


REVENUE

Local $10,341,808 $10,504,725 1.58% $8,370,828 -20.31% $8,574,246 2.43% $8,781,970 2.42% $8,994,085 2.42%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $10,341,808 $10,504,725 1.58% $8,370,828 -20.31% $8,574,246 2.43% $8,781,970 2.42% $8,994,085 2.42%

EXPENDITURES


Other $4,989,974 $5,025,212 0.71% $5,060,978 0.71% $5,097,280 0.72% $5,134,127 0.72% $5,171,526 0.73%


SURPLUS / DEFICIT $2,324,785 $2,373,511 $96,826 $172,734 $248,024 $322,496 A





SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $1,094,645 $2,375,011 $98,326 $174,234 $249,524 $323,996 A+B





Hinsdale Twp HSD 86



Page: 21


242 of 262


Hinsdale Twp HSD 86

$10.3

$12.7 $12.8 $13.0 $13.2 $13.5

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

$16.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$2,324,785 $2,373,511

$96,826 $172,734

$248,024 $322,496

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($1,230,140)

$1,500 $1,500 $1,500 $1,500 $1,500

($1,400,000)

($1,200,000)

($1,000,000)

($800,000)

($600,000)

($400,000)

($200,000)

$0

$200,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 22


243 of 262

BUDGET


LOCAL

Property Taxes $1,824,524 $1,854,346 1.63% $2,300,589 24.06% $2,359,201 2.55% $2,419,053 2.54% $2,480,170 2.53%



STATE






TOTAL REVENUE $3,064,009 $3,093,831 0.97% $3,540,074 14.42% $3,598,685 1.66% $3,658,538 1.66% $3,719,655 1.67%

REVENUE PROJECTIONS



Other Local 1.9%

Other State 38.5%


$3.1 $3.1

$3.5 $3.6 $3.7 $3.7

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 23


244 of 262

BUDGET


Salaries $0 $0 $0 $0 $0 $0

Benefits $0 $0 $0 $0 $0 $0





Other Objects $0 $0 $0 $0 $0 $0




TOTAL ALL OTHER $3,369,189 $3,419,517 1.49% $3,470,600 1.49% $3,522,449 1.49% $3,575,075 1.49% $3,628,491 1.49%






0.4%


$3.4 $3.4 $3.5 $3.5 $3.6 $3.6

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 24


245 of 262


REVENUE

Local $1,831,883 $1,912,399 4.40% $1,792,216 -6.28% $1,809,540 0.97% $1,876,864 3.72% $1,884,009 0.38%

State $1,049,032 $951,098 -9.34% $1,248,190 31.24% $776,785 -37.77% $1,069,945 37.74% $1,180,000 10.29%

Federal $93,850 $0 -100.00% $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $2,974,765 $2,863,497 -3.74% $3,040,406 6.18% $2,586,325 -14.93% $2,946,809 13.94% $3,064,009 3.98%

EXPENDITURES


Other $2,487,735 $2,720,472 9.36% $2,509,259 -7.76% $2,862,983 14.10% $3,473,183 21.31% $3,369,189 -2.99%















BUDGET

Page: 25


246 of 262


Hinsdale Twp HSD 86

$829.8 $972.8

$1,504.0

$1,227.3

($191.4)

($496.6)

($1,000)

($500)

$0

$500

$1,000

$1,500

$2,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$487,030

$143,025

$531,147

($276,658)

($526,374)

($305,180)

($600,000)

($400,000)

($200,000)

$0

$200,000

$400,000

$600,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 26


247 of 262

BUDGET


REVENUE

Local $1,884,009 $1,913,831 1.58% $2,360,074 23.32% $2,418,685 2.48% $2,478,538 2.47% $2,539,655 2.47%

State $1,180,000 $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00% $1,180,000 0.00%

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $3,064,009 $3,093,831 0.97% $3,540,074 14.42% $3,598,685 1.66% $3,658,538 1.66% $3,719,655 1.67%

EXPENDITURES


Other $3,369,189 $3,419,517 1.49% $3,470,600 1.49% $3,522,449 1.49% $3,575,075 1.49% $3,628,491 1.49%












Hinsdale Twp HSD 86



Page: 27


248 of 262


Hinsdale Twp HSD 86

($496.6)

($822.3) ($752.8)

($676.6)

($593.1)

($502.0)

($900)

($800)

($700)

($600)

($500)

($400)

($300)

($200)

($100)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($305,180) ($325,686)

$69,474 $76,237 $83,462 $91,164

($350,000)

($300,000)

($250,000)

($200,000)

($150,000)

($100,000)

($50,000)

$0

$50,000

$100,000

$150,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 28


249 of 262


REVENUE

Local $1,803,698 $1,878,289 4.14% $1,925,470 2.51% $1,993,611 3.54% $1,999,687 0.30% $2,262,515 13.14%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $1,803,698 $1,878,289 4.14% $1,925,470 2.51% $1,993,611 3.54% $1,999,687 0.30% $2,262,515 13.14%

EXPENDITURES


Other $0 $0 $0 $0 $0 $0















Page: 29


250 of 262


$1,074.2 $1,047.4 $1,004.4

$808.4

($421.7) ($427.6) ($600)

($400)

($200)

$0

$200

$400

$600

$800

$1,000

$1,200

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($6,305) ($26,853) ($42,932) ($196,089)

($775,418)

($3,155,868) ($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0

$500,000

$3,150,000

$0.0

$500,000.0

$1,000,000.0

$1,500,000.0

$2,000,000.0

$2,500,000.0

$3,000,000.0

$3,500,000.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



Page: 30


251 of 262

BUDGET


REVENUE

Local $2,262,515 $2,293,630 1.38% $2,498,510 8.93% $2,558,824 2.41% $2,620,415 2.41% $2,683,307 2.40%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $2,262,515 $2,293,630 1.38% $2,498,510 8.93% $2,558,824 2.41% $2,620,415 2.41% $2,683,307 2.40%

EXPENDITURES


Other $0 $0 $0 $0 $0 $0


SURPLUS / DEFICIT ($3,155,868) ($130,983) $37,528 $60,927 $85,049 $109,911 A












Page: 31


252 of 262


($427.6)

($1,058.6)

($1,521.1)

($1,960.1)

($2,375.1)

($2,765.2) ($3,000)

($2,500)

($2,000)

($1,500)

($1,000)

($500)

$0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


($3,155,868)

($130,983)

$37,528 $60,927 $85,049 $109,911

($3,500,000)

($3,000,000)

($2,500,000)

($2,000,000)

($1,500,000)

($1,000,000)

($500,000)

$0

$500,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$3,150,000

($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($1,000,000.0)

($500,000.0)

$0.0

$500,000.0

$1,000,000.0

$1,500,000.0

$2,000,000.0

$2,500,000.0

$3,000,000.0

$3,500,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



Page: 32


253 of 262


REVENUE

Local $6,015 $56,908 846.10% $19,960 -64.93% $20,157 0.99% $36,604 81.59% $35,905 -1.91%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $6,015 $56,908 846.10% $19,960 -64.93% $20,157 0.99% $36,604 81.59% $35,905 -1.91%










BUDGET

Page: 33


254 of 262


$7.3 $7.4 $7.4 $7.4 $7.0 $7.0

$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0

($500,000)

$0

($600,000)

($500,000)

($400,000)

($300,000)

($200,000)

($100,000)

$0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$6.02

$56.91

$19.96 $20.16

$36.60 $35.90

$0

$10

$20

$30

$40

$50

$60

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


Page: 34


255 of 262

Page: 35


256 of 262

BUDGET


REVENUE

Local $35,905 $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $35,905 $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00% $35,905 0.00%









Page: 36


257 of 262


$7.0 $7.0 $7.1 $7.1 $7.1 $7.2

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$35.90 $35.90 $35.90 $35.90 $35.90 $35.90

$0

$5

$10

$15

$20

$25

$30

$35

$40

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


Page: 37


258 of 262


REVENUE

Local $598,040 $702,537 17.47% $631,957 -10.05% $692,330 9.55% $696,760 0.64% $708,132 1.63%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $598,040 $702,537 17.47% $631,957 -10.05% $692,330 9.55% $696,760 0.64% $708,132 1.63%

EXPENDITURES


Other $608,916 $577,393 -5.18% $686,532 18.90% $737,793 7.47% $742,058 0.58% $663,084 -10.64%















BUDGET

Page: 38


259 of 262


Hinsdale Twp HSD 86

$527.1

$652.2

$597.7 $552.2

$158.6 $203.7

$0.0

$100.0

$200.0

$300.0

$400.0

$500.0

$600.0

$700.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


($10,876)

$125,144

($54,575) ($45,463) ($45,298)

$45,048

($80,000.0)

($60,000.0)

($40,000.0)

($20,000.0)

$0.0

$20,000.0

$40,000.0

$60,000.0

$80,000.0

$100,000.0

$120,000.0

$140,000.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016


$0.0

$100,000.0

$200,000.0

$300,000.0

$400,000.0

$500,000.0

$600,000.0

$700,000.0

$800,000.0

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016



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BUDGET


REVENUE

Local $708,132 $719,689 1.63% $738,050 2.55% $756,800 2.54% $775,947 2.53% $795,500 2.52%

State $0 $0 $0 $0 $0 $0

Federal $0 $0 $0 $0 $0 $0

Other $0 $0 $0 $0 $0 $0

TOTAL REVENUE $708,132 $719,689 1.63% $738,050 2.55% $756,800 2.54% $775,947 2.53% $795,500 2.52%

EXPENDITURES


Other $663,084 $673,030 1.50% $683,126 1.50% $693,373 1.50% $703,773 1.50% $714,330 1.50%












Hinsdale Twp HSD 86



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$203.7 $250.3

$305.2

$368.7

$440.8

$522.0

$0.0

$100.0

$200.0

$300.0

$400.0

$500.0

$600.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$45,048 $46,658

$54,924

$63,427

$72,174

$81,170

$0.0

$10,000.0

$20,000.0

$30,000.0

$40,000.0

$50,000.0

$60,000.0

$70,000.0

$80,000.0

$90,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0 $0 $0 $0 $0 $0 $0.0

$0.1

$0.2

$0.3

$0.4

$0.5

$0.6

$0.7

$0.8

$0.9

$1.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


$0.0

$100,000.0

$200,000.0

$300,000.0

$400,000.0

$500,000.0

$600,000.0

$700,000.0

$800,000.0

$900,000.0

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021



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262 of 262

hinsdale township high school district 86 …...budget process . projecting the budgeting needs of...

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