Kaneland budget has $1.4 million shortfall
KANELANDâ€”The Kaneland School Board on Monday approved the School District’s 2010-11 operating budget of $46.9 million.
Although the operating budget expenditures total $46.9 million, the expected operating budget revenue, which includes education, operations and maintenance, transportation, and working cash funds, totals $45.5 million.
Therefore, the operating budget has a $1.4 million shortfall.
Certified staff will not receive raises for the 2010-11 school year. However, for 2011-12, they will receive a 5.6 percent raise. The district has projected salary increases of 3 percent for all staff in the next several fiscal years.
In the future, Kaneland may need to modify those percentages in order to reduce the anticipated deficit, district staff reported in Kaneland’s Deficit Reduction Plan for 2011-2014. The district is required to submit the plan to the Illinois State Board of Education.