Unit 2 Board Hears Financial Update

At Monday night’s Bond County Community Unit 2 school board meeting, Superintendent Jeff Strieker spoke about the district finances.

As of May 31, the district had an overall balance of $3.7 million in the nine funds, including $1.8 million in the education fund.

The district’s fiscal year ends June 30 and Strieker advised the payment of state and federal funds has actually been better than in recent years.

Click below to hear Strieker tell WGEL about that situation and what is happening with education funding in Illinois as it affects Unit 2:

Unit 2 would see a state aid decreases because the average daily attendance is down and the district’s equalized assessed valuation increased last year. Those are factors in the state aide formula.