Sangamon Sun

Ball-Chatham Community School District 5 Finance Committee met April 15

Here are the minutes provided by the committee:

Topics: Tower update, Athletic Rental Fees, Activity Bus Bid, and Monthly Financial Review

Attendees: Dr. Becca Lamon, Ryan Murphy, Patrick Phipps, Wendy Dulakis

Key Points:

Tower Update:

The 10 year contract with the FBI is effective 4/1/25 – 9/30/34. Under the agreement,the school district allows the FBI to operate and maintain communications equipment at 1475 Plummer Blvd, Chatham for federal law enforcement purposes.

Fact Sheet Included

Athletic Rental Fees

Boys and girls golf at Piper Glen $3,500 annually

Boys and girls swim at Park District $12,000 annually

Boys and girls bowling at Virden Bowling Alley $2,000 annually

Boys baseball at City Park $0

Girls diving at Illini Country Club charged occasionally

Activity Bus Bid

Bids opened April 14th for the purchase of a 2017 or newer multi function activity bus with 40,000 or fewer miles.

1 Bid received for 2017 Chevrolet/StarCraft White 14 Passenger Activity Bus with estimated mileage: 38,000 With 12 month/12,000 mile warranty and Custom Graphics Package $57,718.00

MARCH FINANCE REVIEW

Revenues in operating funds are up 2.1% from last year at this time. This includes $589,818 in local, $812,454 State Sources, and a decrease in Federal sources of $719,655.

Expenses in operating funds are 9.2% more than last year at this time. This is due to salaries, benefits, and capital outlay projects.

Cash Flow Analysis for Education Fund, O&M Fund, Transportation Fund, and Retirement Fund Included.

Next Steps:

Amended budget presented at the May board meeting to include bond issuance.

Amended budget approval expected at June board meeting.

FY26 Original Budget Presented at August board meeting.

FY26 Original Budget hearing and adoption expected at the September board meeting.

https://go.boarddocs.com/il/cusd5/Board.nsf/Public