Introduction

Lake Forest School District 67 has historically maintained financial stability through increased efficiencies and careful monitoring of expenditures. The challenging economic times of late have motivated the District to seek new and innovative ways to continue these processes in an effort to keep from diminishing the educational programs. The District currently participates in a shared services agreement with Lake Forest High School District 115 to provide greater articulation within the curriculum while increasing efficiencies and reducing administrative costs. Although declining enrollment has been projected the past few years, a drop in recent primary grade enrollments would indicate a sharper decline than originally projected. The employee base is steady with labor contracts not due to expire until the end of fiscal year 2012.


Early each calendar year, the District embarks on the process of building a budget for the next fiscal year. Short- and long-term financial projections, historical expenditure reports, and estimates of the state and local revenue receipts are all analyzed in an effort to craft the most accurate budget. Reports and documents related to the budget are listed below, along with brief explanations of their content.

 

We welcome your questions and comments. Please email Jennifer Hermes at jhermes@lfschools.net.

 

Current & Historical District Budget Documents

The following are District budget documents from the current and previous fiscal years.

 

Budget Summary - Organizes the District budget by fund and account classification.

 

Budget 2010-2011

 

 

ISBE Budget - Presents the District budget in a format required by the Illinois State Board of Education.

 

State Budget 2011-2012

State Budget 2010-2011

State Budget 2009-2010

State Budget 2008-2009


Annual Financial Report - A report filed with the Illinois State Board of Education after completion of the budget year, containing final District revenues and expenditures. Official signed copies available in the District Office.

 

Annual Financial Report

 Independent Auditor's Report


Financial Reports - Statements of the District's cash position issued each month. The Monthly Financial Report includes a comparison of the District's actual financial position to the budget. These documents also include investment reports.

 

Monthly Financial Report - September 2011 Monthly Financial Overview - September 2011
Monthly Financial Report - August 2011 Monthly Financial Overview - August 2011


Procurement Card Fund Details & Bill List - A monthly list of payments to District vendors.

 

Procurement Card Sumary - January 2011 Invoices Paid - January 2011


Compensation & Contract Reports - Current collective bargaining agreements, compensation reports, and other contracts.

 

2010-2011 Comp. Report - Base Salaries

2010-2011 Comp. Report - Stipends and Other Salary

2010-2011 Comp. Report - Mandated Benefits

2010-2011 Comp. Report - Other Benefits

Teacher Contract (LFEA) -  2009-2012

2011-2012 LFEA Salary Schedule

Support Staff (SEIU) - 2007-2012

Contract Annual Report

Contracts Exceeding $25,000