District 116 starts laying the groundwork for a $29 million referendum
At the Round Lake Area School District 116 Special Meeting held on July 7th, Bill Johnston, Assistant Superintendent of Business & Operations, made a presentation to the school board recommending an amended budget for the 2013-2014 school year. Since several funds were already maxed out and are unable to gain additional monies, Johnston proceeded to explain the need to transfer thousands of dollars from several funds into others. This included transferring $350,000 to help cover the $506,513 tab already spent on architect’s expenses for the proposed high school expansion which was resoundingly defeated in the March primary. In his presentation you will see how they manipulate the funds by using the fact that laws allow districts to levy into under-maxed accounts (Funds) and then TRANSFER the levied money into capped accounts (Funds). I’m sure that a lot of this maneuvering has to do with the upcoming $29 million building bond referendum that they plan to place on the November 4th ballot. Why else would he go into so much detail about tax levy’s, tax rates, EAV (equalized assessed value), consumer price index, etc.
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