RCS approves balanced budget
RANTOUL — The board has approved a balanced budget, after going the past two school years with deficits.
The district's budget, presented by financial adviser Angie Krickovich, has revenues at $17,387,160 and expenditures of $17,341,988 — a surplus of $45,172.
"It's good that Superintendent Michelle Ramage, Assistant Superintendent Michael Springer and the board made cuts and changes to the budget, even though some of them were sad," Krickovich said.
The education fund ($12,754,782 revenues to $13,082,733 expenditures) has a deficit of $327,951. The municipal retirement/social security and the capital projects funds are $79,707 and $171,500 in the red, respectively.
Krickovich said the education fund is experiencing a deficit because general state aid is down, and the tax levy a few years ago went more to the tort fund than education. Ramage will divert more of this year's levy money to the education fund.
The construction projects at Northview School contribute to the fund's deficit, but Krickovich said that fund has a $1 million reserve.
The education and retirement funds will be balanced with reserves.