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Summary of Operating Funds and Debt Service Fund
(Years Ended June 30)

Below is a combined summary of the operating funds of the District (consisting of the
Educational Fund, Operations and Maintenance Fund, Transportation Fund, Working Cash Fund,
IMRF/Social Security Fund and Tort Fund) in addition to the Debt Service Fund exclusive of “on-
behalf” payments made by the State to TRS.

Combined Combined
Operations and Educational Fund Operating Funds
Educational Maintenance and Operations and Transportation Working Cash IMRF/Social Debt Service and Debt Service
Fund Fund Maintenance Fund Fund Fund (1) Security Fund Tort Fund Fund Fund
2016
Receipts................................... $ 44,757,941 $ 5,420,060 $ 50,178,001 $ 9,225,602 $ 403,320 $ 1,895,073 $ 2,287,301 $ 5,006,513 $ 68,995,810
Disbursements......................... 50,482,780 4,787,252 55,270,032 4,464,896 - 1,972,519 1,979,935 5,385,429 69,072,811
Net Surplus (Deficit)............... (5,724,839) 632,808 (5,092,031) 4,760,706 403,320 (77,446) 307,366 (378,916) (77,001)
(2)
Other Sources (Uses)............... 3,000,000 (318,052) 2,681,948 (3,000,000) (2,000,000) - - 433,080 (1,884,972)
(4)
(3)
(3)
Beginning Fund Balance......... 21,102,814 4,068,726 25,171,540 3,258,864 6,081,978 1,640,281 1,687,076 3,908,467 41,748,206
Ending Fund Balance.............. $ 18,377,975 $ 4,383,482 $ 22,761,457 $ 5,019,570 $ 4,485,298 $ 1,562,835 $ 1,994,442 $ 3,962,631 $ 39,786,233
2017
Receipts................................... $ 43,330,548 $ 5,103,891 $ 48,434,439 $ 8,098,612 $ 400,330 $ 1,558,416 $ 2,236,575 $ 4,642,748 $ 65,371,120
Disbursements......................... 48,028,455 4,784,702 52,813,157 4,913,543 - 1,894,252 2,002,107 4,977,679 66,600,738
Net Surplus (Deficit)............... (4,697,907) 319,189 (4,378,718) 3,185,069 400,330 (335,836) 234,468 (334,931) (1,229,618)
(3)
Other Sources (Uses)............... 3,420,000 (312,137) 3,107,863 (2,697,246) - - - 250,295 660,912
(3)
Beginning Fund Balance......... 18,377,975 4,383,482 22,761,457 5,019,570 4,485,298 1,562,835 1,994,442 3,962,631 39,786,233
Ending Fund Balance.............. $ 17,100,068 $ 4,390,534 $ 21,490,602 $ 5,507,393 $ 4,885,628 $ 1,226,999 $ 2,228,910 $ 3,877,995 $ 39,217,527
2018
Receipts................................... $ 48,668,034 $ 4,579,510 $ 53,247,544 $ 6,517,698 $ 394,918 $ 1,057,526 $ 1,989,247 $ 4,319,168 $ 67,526,101
Disbursements......................... 47,339,063 4,973,630 52,312,693 4,823,291 - 1,937,465 1,932,061 5,133,817 66,139,327
Net Surplus (Deficit)............... 1,328,971 (394,120) 934,851 1,694,407 394,918 (879,939) 57,186 (814,649) 1,386,774
(3)
Other Sources (Uses)............... 2,820,686 (312,136) 2,508,550 (3,000,000) - - - 491,450 -
(3)
Beginning Fund Balance......... 17,100,068 4,390,534 21,490,602 5,507,393 4,885,628 1,226,999 2,228,910 3,877,995 39,217,527
Ending Fund Balance.............. $ 21,249,725 $ 3,684,278 $ 24,934,003 $ 4,201,800 $ 5,280,546 $ 347,060 $ 2,286,096 $ 3,554,796 $ 40,604,301
2019
Receipts................................... $ 51,818,507 $ 4,229,058 $ 56,047,565 $ 4,912,863 $ 381,416 $ 2,605,728 $ 1,906,021 $ 4,295,899 $ 70,149,492
Disbursements......................... 47,953,041 4,981,964 52,935,005 5,627,981 - 1,860,100 2,054,954 5,032,777 67,510,817
Net Surplus (Deficit)............... 3,865,466 (752,906) 3,112,560 (715,118) 381,416 745,628 (148,933) (736,878) 2,638,675
Other Sources (Uses)............... (403,377) - (403,377) - - - - 403,377 -
(5)
Beginning Fund Balance......... 23,472,637 3,627,463 27,100,100 4,804,411 5,292,973 363,113 2,331,505 3,689,037 43,581,139
Ending Fund Balance.............. $ 26,934,726 $ 2,874,557 $ 29,809,283 $ 4,089,293 $ 5,674,389 $ 1,108,741 $ 2,182,572 $ 3,355,536 $ 46,219,814
2020
Receipts................................... $ 52,893,356 $ 5,427,219 $ 58,320,575 $ 5,898,018 $ 334,947 $ 3,466,036 $ 1,744,917 $ 4,218,209 $ 73,982,702
Disbursements......................... 51,964,510 5,149,254 57,113,764 5,073,892 - 1,875,942 2,077,424 83,850,872 149,991,894
Net Surplus (Deficit)............... 928,846 277,965 1,206,811 824,126 334,947 1,590,094 (332,507) (79,632,663) (76,009,192)
Other Sources (Uses)............... (314,942) - (314,942) - (1,400,000) - - 83,446,199 81,731,257
(5)
Beginning Fund Balance......... 26,934,726 2,874,557 29,809,283 4,089,293 5,674,389 1,108,741 2,182,572 3,355,536 46,219,814
Ending Fund Balance.............. $ 27,548,630 $ 3,152,522 $ 30,701,152 $ 4,913,419 $ 4,609,336 $ 2,698,835 $ 1,850,065 $ 7,169,072 $ 51,941,879
Fund Balance as % of Disbursements................................................. 53.75% 34.63%

(1) Surplus due to the District increasing the Transportation Fund tax rate. The District elects to capture its allowable levy
increase in the Transportation Fund, which is not subject to a rate cap. See “Tax Rates” herein.
(2) Transfer from the Transportation Fund to the Educational Fund for operating purposes.
(3) Transfer to the Capital Projects Fund for performance contract for new boilers.
(4) Restated. On July 1, 2018, the District changed its basis of accounting from the modified cash basis to the modified
accrual basis. See Note L in the District’s Audit for further details.
(5) Includes proceeds from issuing bonds.
Source: Compiled from the District’s Annual Financial Reports for fiscal years ended June 30, 2016-2020.

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