Budget & Finance

About the Finance Office:

Minooka Community High School District 111 posts a variety of financial and budgetary documents online to promote operational transparency and as a courtesy to the community so it may better understand the district’s finances.  If you have any questions about any of these items, please feel free to contact our District Office at 815-467-2557.

 

Finance Office Staff:

Staff Member Position Phone Email
John Troy Assistant Superintendent of Business and General Counsel 815-521-4294 [email protected]
Kathi Norman Bookkeeper 815-521-4453 [email protected]
Dianne Castello Accounts Payable 815-521-4329  [email protected]
Shelly Figgins Payroll 815-521-4307 [email protected]
   

 

Electronic School Finance Guides:

The components and processes of school district finances are complex. In an effort to help those interested in learning more about this topic, please refer to references listed below or contact our District Office at 815-467-2557.

County Clerks' Office/Tax Assessors' Office:

IMRF Employer Cost & Participation Information:

This webpage is on the Illinois Municipal Retirement Fund (“IMRF”) website and contains information about all IMRF employers’ participation in the fund, click here


Annual Budget:

What It Is: The annual budget details the district’s anticipated revenue and expenditures, and serves as legal authorization to spend funds within the boundaries of those amounts.

When It Is Posted: September of each year (amended budgets are posted as approved)

Audit:

What It Is: The audit is the summary report that is provided to the district by the auditor. This summarizes all revenue, expenditures, investments, and fund balances.

When It Is Posted: October of each year

ISBE Annual Financial Report:

What It Is: The annual financial report is the summary report that is provided to the district by the auditor. This summarizes all revenue, expenditures, investments, and fund balances.

When It Is Posted: October of each year

Annual Statement of Affairs:

What It Is: The annual financial report is the summary report that is provided to the district by the auditor. This summarizes all revenue, expenditures, investments, and fund balances.

When It Is Posted: October of each year

Monthly Bills:

Please utilize Board Books for more recent monthly bills that are not listed below. 

What It Is: These reports are a summary of invoices paid by the district each month.
When It Is Posted: Reports are posted after school board approval.

Imprest Bills:

Please utilize Board Books for more recent imprest that are not listed below.  

What It Is: These reports are a summary of invoices paid by the district each month.
When It Is Posted: Reports are posted after school board approval.

Contracts & Compensation:

MEA Collective Bargaining Agreement:

What It Is: The collective bargaining agreement is the “contract” between the Minooka Education Association and the MCHS District #111 Board of Education. This agreement may be a multi-year agreement.

When It Is Posted: After ratification by the Minooka Education Association and approval by the MCHS District #111 Board of Education.

Support Staff Collective Bargaining Agreement:

What It Is: The collective bargaining agreement is the “contract” between the Minooka Support Staff IEA/NEA and the MCHS District #111 Board of Education. This agreement may be a multi-year agreement.

When It Is Posted: After ratification by the Minooka Support Staff IEA/NEA and approval by the MCHS District #111 Board of Education.

Contracts Over $25,000

What It Is: The Illinois State Board of Education requires that public school districts publish contracts with outside vendors and that are of a value greater than $25,000.

When It Is Posted: October of each year

Administrator/Teacher Salary & Benefits Report

What It Is: This is a comprehensive report that details the base salary, vacation days, sick days, and other benefits.

When It Is Posted: Fall of each year

Anticipated Compensation Over $75,000

What It Is: The Illinois State Board of Education requires that public school districts publish compensation reports for any individual in the district that earns over $75,000 and contributes to IMRF.

When It Is Posted: October of each year

Actual Administration Compensation Report

What It Is: The Illinois State Board of Education requires that public school districts publish an administrative compensation report prior to October 1 of each year. MCHS District #111 publishes the actual compensation received by each administrator (those individuals whose employment position requires a type-75 certification) in the previous school year.

When It Is Posted: October of each year

Assistant Superintendent's Financial Report to the Board:

Please utilize Board Books for more recent Financial Reports that are not listed below.  

What It Is: Each month, the Assistant Superintendent of Business & General Counsel presents to the Board of Education a general overview of the status of school district finances.

When It Is Posted: After the report is presented to the Board of Education

Monthly Expenditure Report:

Please utilize Board Books for more recent Expenditure Reports that are not listed below. 

What It Is: The monthly expenditure report is a ledger of all expense accounts with budgets and month and year-to-date totals.
When It Is Posted: After the report is presented to the Board of Education

Monthly Revenue Report:

Please utilize Board Books for more recent Revenue Reports that are not listed below. 

What It Is: The monthly revenue report is a ledger of all revenue accounts with budgets and month and year-to-date totals.
When It Is Posted: After the report is presented to the Board of Education

Moody's Investors Service Credit Rating of District #111:

What It Is: MCHS District #111 is annually reviewed for its creditworthiness by rating agencies. A higher rating will result in a lower interest rate on district bonds, which translates into savings for taxpayers.

When It Is Posted: As issued

STEVENS AMENDMENT

(Projects or programs funded in whole or in part with federal grant money must credit the federal government for the federal government's portion of the financial support). 

This web page citation informs the public that the use of federal dollars in the Minooka Community High School District 111 meets the Stevens Amendment requirement. Various instructional material purchases, tutoring programs, staff professional development opportunities, district personnel, software licenses and online subscriptions, summer learning programs, homeless student outreach, and parental engagement events have been funded in whole or in part with Federal entitlement dollars.

CORPORATE PERSONAL PROPERTY REPLACEMENT TAX

Taxing bodies in Illinois receive tax funds from the state known as Corporate Personal Property Replacement Tax (CPPRT). This tax revenue was created after the 1970 constitutional convention abolished local municipalities ability to tax corporate personal property. In 2014 and 2015 the Illinois Department of Revenue who is responsible for distributing the CPPRT funds mistakenly overpaid taxing districts by a total of $168 million dollars. As a result, it is likely that the state will reduce future CPPRT payments until the overpayment is recouped. The District has been overpaid $75,442.91 over the past two years. In Fiscal Year 2015 the District collected $643,785.68 and in Fiscal Year 2016 the District's estimated CPPRT funds were $656,228.00 of which the District has received $423,637.02 as of April 21, 2016.