![]() For purposes of this Section, “benefits” includes without limitation vacation days, sick days, bonuses, annuities, and retirement enhancements. Sections 10-20.47 and 34-18.38 of the School Code and all administrators and teachers employed by the school district. School districts must submit the full electronic report to the Illinois State Board of Education before December 15.ĭistrict 65 Financial Reports ANNUAL STATEMENT OF AFFAIRSĬompensation Reports Certified (Administrator/Teacher) Compensation Report Summary information regarding employee salaries and payments to vendors is also contained in the report. The Annual Statement of Affairs contains a financial summary of a school district’s funds, tax rates, equalized assessed valuation, and enrollment. The AFR includes all funds, account groups, and other components that satisfy the school district’s audit requirements and provides levels of assurance to school administrators, staff, and other interested parties. ![]() The Annual Financial Report (AFR) is a standardized document that meets independent auditing and reporting requirements for public elementary, secondary school, and unit districts. Our School Board is responsible for approving our annual budget by September 30. In the spirit of transparency, a public hearing is held in advance to gather community thoughts and feedback. Our tentative budget must be displayed at least 30 days prior to its adoption. The budget must be made available to the public and serve as the basis for our annual tax levy. Each year, we must create a budget that includes our plan for district revenues (funds brought in) and expenditures (funds spent).
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