Unit 2 Adopts Unbalanced Budget

The Bond County Community Unit 2 Board of Education has adopted an unbalanced budget for the 2016 fiscal year.

The budget was approved on a 7-0 vote and it shows a possible deficit of $900,000 for the year.

Michael Timmermann, school board member on the Finance Committee, addressed the budget at Monday night’s meeting.

He noted that while expenses have been curtailed, revenue at the state and local level has also been curtailed. He said changes have been made, but more will be required, which will be difficult.

Click below to hear his comments:

The budget is based on a hard freeze of fiscal year 2015 salary schedules, new, lower insurance premiums, zero dollar allocation for the athletic supplies, no bus or textbook purchases, and the elimination of capital outlay purchases.

No public comments were made during the board’s budget hearing.

Superintendent Wes Olson reported the district will submit a required budget reduction plan to the state with the goal of Unit 2’s four operating funds being balanced by fiscal year 2019.

It was announced the board will hold a public strategic planning meeting at 6 p.m. on September 29 in the high school auditorium.