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Net
Beginning Income/(Net
Fund Description Balance Revenues Expenditures Deficit) Ending Balance
Operating Funds
10 Education 26,432,008 44,913,740 (35,441,796) 9,471,944 35,903,951
20 Operations/Maintenance 2,890,277 3,872,016 (3,926,435) (54,419) 2,835,858
40 Transportation 3,519,847 4,412,952 (3,672,803) 740,148 4,259,995
50 IMRF - FICA/Medicare 977,596 2,370,003 (1,306,368) 1,063,635 2,041,231
70 Working Cash 5,666,004 348,483 - 348,483 6,014,487
Total Operating Funds 39,485,732 55,917,194 (44,347,403) 11,569,790 51,055,523

Non-Operating Funds
30 Debt Service 2,943,417 4,095,902 (4,526,250) (430,348) 2,513,070
60 Capital Projects 979,259 75,000,000 (920,865) 74,079,135 75,058,394
80 Tort 2,217,878 1,836,048 (1,828,553) 7,495 2,225,373
90 Life Safety 3,238,066 (17,673) - (17,673) 3,220,393

Total Non-Operating Funds 9,378,620 80,914,278 (7,275,668) 73,638,610 83,017,230

Grand Total 48,864,352 136,831,471 (51,623,071) 85,208,400 134,072,752

Attached is the variance report for Rich 227 as of March 31, 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 yet paid. At this time of the year, with the second payment of property taxes,
it is typical for revenues to exceed expenditures.

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

EQUAL OPPORTUNITY EMPLOYER/EDUCATOR