Page 1563 - draft
P. 1563

Tax Extensions and Collections

                                       2015           2016            2017           2018            2019  (1)
             Extensions ..................  $57,386,957   $57,477,328   $58,370,609   $58,380,646   $60,429,107
             Net Collections ...........         52,222,816          52,603,382          54,014,885          52,394,061          52,488,343
             % Collected ................  91.00%        91.52%          92.54%         89.75%          86.86%

             Note: The District increased its allowance for delayed and uncollectible property taxes for its bond and interest levies to
             107% to help address its collection shortfall. The Cook County Clerk may increase the percentage allowance for delayed
             and uncollectible property taxes. There is no limit to the percentage allowance for delayed and uncollected property taxes
             as it relates to the bond and interest levy. The District has never been delinquent on its debt service payments.
             (1) In progress as of December 31, 2020.
             Source: Cook County Treasurer’s Office

             Combined Educational Fund and Operations and Maintenance Fund Revenue Sources
             (Years Ended June 30)

                                                  2016         2017        2018        2019        2020

                  Local Sources............................       79.39 %       81.77 %      79.14 %      78.34 %      71.98 %
                  Flow-through Receipts..............              -                 -                -                -                -
                  State Sources.............................       13.97         11.54        14.89        17.49        20.66
                  Federal Sources.........................         6.64           6.69          5.98          4.17          7.36
                   Total.......................................    100.00 %     100.00 %    100.00 %    100.00 %    100.00 %


             Source: Compiled from the District’s Annual Financial Reports filed with the Illinois State Board of Education (“ISBE”)
             for fiscal years ended June 30, 2016-2020.

             Combined Statement of Funds

                    Please see pages 21-22 and 114-115 in the District’s Comprehensive Annual Financial Report
             for fiscal year ended June 30, 2020 filed on EMMA on February 19, 2021 for a summary of combined
             statement of funds.  https://emma.msrb.org/P11552520.pdf




























                                                            4
   1558   1559   1560   1561   1562   1563   1564   1565   1566   1567   1568