• ​Forecasting Five Years of Financial Future

    A Financial Plan That Achieves Three Goals:

    • Reverse a negative fund balance trend as identified by financial consultants Forecast5 Analytics Inc. at the August 23, 2016 Board meeting.  Establish a minimum of $4 million in cost reductions over four years.
    • Find a funding method for technology purchases that does not continue to deplete our District’s working cash fund yet supports the District goal of 1:1 technology for all students.
    • Focus changes on areas that least impact student learning.  Maintain class size goals and minimize impact to student programs.

    Communications:

    Enrollment:
    Student enrollment is expected to decline by nearly 500 over the next 5 years.

    FAQ

    Financial Information:
    General state aid is expected to decline by 3.6 million dollars over the next 3 years.

    Timeline:
    All Board meetings​ were held at the Educational Support Center, 1105 N. Hunt Club Road, Gurnee.  

    • January 12 Board Meeting: Discuss financial plan and proposed reductions.
    • January 24 Board Meeting: Discuss financial plan and proposed recommendations.
    • February 9 Board Meeting/Community Forum 
    • February 28 Board Meeting: Board action on plan and recommendations.
    Board Action: