The District 64 Board of Education will conduct a public hearing on its 2015-16 budget on Monday, September 28 at 7:15 p.m. at Roosevelt School (north gym), 1001 S. Fairview, Park Ridge, IL 60068. A tentative budget was adopted on August 10.
Chief School Business Official Luann Kolstad reported that the District anticipates a balanced budget in its operating funds that will generate a surplus of $1.6 million for the year. The District anticipates receiving operating fund revenues of about $72.6 million and spending an estimated $71 million. The District’s operating fund balance is expected to grow to $50.5 million at the close of the fiscal year on June 30, 2016.
The tentative budget may be viewed on the District 64 website (Departments > Financial Data - Current) and also is on display at the Educational Service Center, 164 S. Prospect Ave., Park Ridge.
“With the opening of our schools on August 18, we will be making further adjustments to the budget to reflect final changes in enrollment, staffing and transportation needs, and as new information becomes available in coming weeks,” Kolstad noted.
The District 64 Board will review proposed updates in detail at its meetings in August and September, prior to adopting the budget in its final version after the public hearing on September 28.