The Plainfield School District 202 Board approved its fiscal 2020 budget of $325.9 million this week, and expects a surplus of up to $2.4 million based on revenue projections.
The board approved the budget at its meeting Monday after a public hearing, as required by law, according to a news release from the district.
District 202 Assistant Superintendent Erick Engstrom said the approved budget will allow the district to maintain the quality of its educational programs while continuing to develop and implement its financial plan. That plan would keep property taxes as low as possible and maintain the district’s “Recognition” status, the highest possible ranking in the Illinois State Board of Education’s financial profile.
The district earned the lowest ranking, “Watch,” from the ISBE financial profile in 2012, but has achieved “Recognition” status since 2016.
The budget, including debt service and capital projects, is $325.9 million, up from $311.6 million last year, or about 4.5%. Total revenues are expected to be $327.7 million in fiscal year 2020, up from $313.6 million last year, also about 4.5%.
The operating budget pays for daily operating expenses, including salaries and benefits, which make up about 79% of the estimated operating budget for fiscal 2020.
The operating budget also showed slight drops in revenues and expected expenses from last year.
The state of Illinois considers the education, operations and maintenance, transportation, working cash and Illinois Municipal Retirement Fund expenses together as the operating budget to assess and rate school districts’ financial health.
Salaries and benefits are expected to increase about 5.4% over last year’s amount. This includes a 3% raise for administrators and nonunion support staff, an average raise of 2.75%, plus a 0.5% increase in base pay for members of the Association of Plainfield Teachers, and raises averaging 4.5% for Plainfield Association of Support Staff members. The raise for PASS members comes from the new five-year contract approved in April.
The final budget also included 30 new staff positions, with 20 new social workers. School-level funding will not change, and departmental initiatives will be fully funded.
There will also be $4.6 million for assorted capital projects, and $2.8 million for additional technology initiatives and equipment.
The final budget also includes a
$1 million contingency for building-specific enrollment changes and special education needs, as has been done the last several years.