Our district is committed to providing sound fiscal management and stewardship of the district's financial assets, ensuring stability and solvency for the achievement of district goals, while demonstrating accountability, transparency, and trustworthiness in the management of the district's financial resources. To that end, this webpage was created to provide open and transparent reporting of financial information.
Each year, our district must create a budget that reveals the district’s revenues and expenditures and it must make its annual budget available for public inspection. The budget is the school district’s plan for how it will allocate and expend revenue dollars. It is the basis for a school district’s tax levy.
The tentative budget must be displayed at least 30 days prior to its adoption. A public hearing must be held prior to the adoption of the budget. The district must publish a legal notice indicating availability for the public to inspect the tentative budget, including the date, time, and location of the public hearing (105 ILCS 5/17-1).
The District 69 School Board is charged with approving and adopting an annual budget by the end of the first quarter of the fiscal year. September 30 is the end of the first quarter of the fiscal year for most Illinois school districts, including District 69, and is the last day to adopt the annual budget.
The Illinois State Board of Education now requires that all Illinois schools with a website post their school district’s budget online using ISBE forms and Microsoft Excel.
Each year, the Illinois State Board of Education evaluates the financial health of every school district in the state using the following five metrics: Fund Balance/Revenue Ratio (Weighting of 35%), Expenditures/Revenue Ratio (Weighting of 35%), Days Cash on Hand (Weighting of 10%), Short-Term Debt (Weighting of 10%), and Long-Term Debt (Weighting of 10%).
"RECOGNITION" is the highest designation a school district can receive.
This is a summary of how our District utilized ARP-ESSER III funds.
School districts are required to post a list of all vendors with the district who were awarded contracts over $25,000, during the prior fiscal year and any contracts entered into with an exclusive bargaining representative.
CERTIFIED (ADMINISTRATOR/TEACHER) COMPENSATION REPORT
Sections 10-20.47 and 34-18.38 of the School Code [105 ILCS 5/10-20.47 and 5/34-18.38 require school districts to report administrator and teacher salary and benefits to the Illinois State Board of Education. Illinois School Code states that each school board shall report to the State Board of Education, on or before July 1 of each year, the base salary and benefits of the district superintendent [or the general superintendent of schools or chief executive officer] and all administrators and teachers employed by the school district. For purposes of this Section, “benefits” includes without limitation vacation days, sick days, bonuses, annuities, and retirement enhancements.
The Board of Education has negotiated this contract with the Germantown Hills Teachers Association.