Minooka CHSD 111 projects $1.1 million operating shortfall in amended FY25 budget, board hears

Mister Trent, a district staff member presenting the budget, told the Minooka Community High School District 111 board that the amended FY25 budget projects a $1,100,000 deficit overall.

At a budget hearing, Trent said the education fund will see about $1,200,000 more in revenue than originally budgeted, and the student activity fund increased by roughly $76,000. He said the operations and maintenance (O&M) fund still shows a deficit but “significantly less” — about $37,000 — compared with the prior estimate. “We are projecting a deficit of 1,100,000.0 in the,” Trent said.

Trent attributed a larger debt-service gap to recent debt certificates issued for capital projects, reporting a debt-service figure the presentation showed as approximately 40,800,000.0 and noting that the certificates increased the related revenue and expense lines. “That’s our debt certificates that we issued for our projects going forward,” he said.

Board members were given a revenue-versus-expense summary showing the education fund expenses rose about $63,000 but that increase was expected to be more than offset by the higher education fund revenue. Trent said activity account spending was about $75,000 higher than previously projected and described that as money raised by student groups that can be spent by those groups.

After the hearing, the board adjourned the budget hearing and proceeded to the regular meeting. The board later approved the consent agenda and multiple action items during the meeting; the amended budget materials were part of the board’s backup documents for the evening’s business.

The district did not provide a detailed multi-year projection during the presentation, and several dollar figures were presented as totals in the hearing materials rather than line-by-line explanations. The board did not take a separate roll-call vote to adopt the amended budget during the portion of transcript that covers the budget hearing; the hearing was followed by routine business and later motions for consent and action items.