Page 94 - Draft

Business Office

Financial Information
Attached is the fund balance summary report. This information shows the fund balance by fund
through February 29, 2020.

Net
Beginning Income/(Net
Fund Description Balance Revenues Expenditures Deficit) Ending Balance
Operating Funds
10 Education 26,432,008 29,487,546 (31,147,660) (1,660,114) 24,771,894
20 Operations/Maintenance 2,890,277 2,192,154 (3,619,730) (1,427,575) 1,462,702
40 Transportation 3,519,847 3,097,693 (3,034,753) 62,940 3,582,787
50 IMRF - FICA/Medicare 977,596 1,346,583 (1,138,858) 207,725 1,185,321
70 Working Cash 5,666,004 195,883 - 195,883 5,861,887
Total Operating Funds 39,485,732 36,319,860 (38,941,001) (2,621,141) 36,864,591

Non-Operating Funds
30 Debt Service 2,943,417 2,304,946 (4,525,750) (2,220,804) 722,613
60 Capital Projects 979,259 - (388,063) (388,063) 591,196
80 Tort 2,217,878 1,032,239 (1,696,387) (664,148) 1,553,730
90 Life Safety 3,238,066 (16,623) - (16,623) 3,221,443

Total Non-Operating Funds 9,378,620 3,320,561 (6,610,200) (3,289,638) 6,088,982

Grand Total 48,864,352 39,640,421 (45,551,200) (5,910,779) 42,953,573
Attached is the variance report for Rich 227 as of February 29, 2020. This report compares the
actual results to the budget. The actual information does include the encumbrances, which are
expenditures that are obligated but not paid. At this time of the year, it is typical for expenditure to
exceed revenues. However, this will improve as the remaining property tax revenues are collected
during the next few months. These numbers are tracking with last year’s number at this same time.

CHICAGO HEIGHTS COUNTRY CLUB HILLS MATTESON OLYMPIA FIELDS PARK FOREST RICHTON PARK UNIVERSITY
PARK

EQUAL OPPORTUNITY EMPLOYER/EDUCATOR