Fiscal Year 2009-2010 General Budget Information

Nine funds – (10) Education, (20) Operations & Maintenance, (30) Debt Service, (40) Transportation, (50) Municipal Retirement & Social Security, (60) Capital Projects, (70) Working Cash, (80) Tort Immunity/Judgment, and (90) Fire Prevention & Safety – are presently maintained by Waltham CC Elementary School District #185.  Fiscal Year 2009-2010 (FY10) will run from July 1, 2009 through June 30, 2010.  The overwhelming majority of a school district’s expenditures are typically from the Education Fund – this fund provides the educational staffing and programming for the district, salaries and benefits for most employees, supplies, equipment, textbooks, and other instructional needs.

Public Budget Presentation and Adoption

The Illinois School Code mandates that each school district prepare a tentative budget, make the tentative budget available for public inspection for a minimum of 30 days, and hold a public hearing and formally adopt the budget prior to the end of the first quarter (September 30) of each fiscal year. The fiscal year 2010 tentative budget was presented on August 19, 2009. The final 2010 budget was presented at a public hearing and adopted by the Board of Education on September 16, 2009.

Accessing the Fiscal Year 2009-2010 (FY10) Budget

The FY10 budget reflects estimated revenues and expenditures for the period beginning July 1, 2009 through June 30, 2010. This is shown in two formats below. The FY10 Budget Summary is an easy to read overview of beginning fiscal year (July 1, 2009) balances, estimated FY10 revenues and expenditures, and estimated ending FY10 (June 30, 2010) fund balances.

The link to the district's Final FY10 Adopted Budget is listed below.