2025-2026�Final Budget

Board of Education Meeting

September 10, 2025

Budget Presentation Outline

• Budget Background Information
• Historical Audited Financial Information
• FY26 Final Budget Highlights
• FY26 Financial Summary – All Funds
• FY26 Financial Summary – Operating Funds

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Budget Calendar

• January 8, 2025
• Authorization to prepare FY26 Budget
• January 22, 2025
• Presentation of 5-Year Financial Forecast
• February 2025 - June 2025
• Tentative Budget Preparation
• July 2, 2025
• Finance Committee Meeting – FY26 Tentative Budget Discussion
• July 9, 2025
• Tentative Budget Presentation with Request to Post FY26 Tentative Budget,

no fewer than 30 days prior to Public Hearing

• August 13, 2025
• Public Hearing on FY26 Tentative Budget
• September 10, 2025
• Approval of FY26 Final Budget

FY 26 Budget Posting

• Publication of Public Hearing Posting in Local Newspaper (Daily Herald - July 10, 2025)

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• FY26 Tentative Budget Document on Display:
• School Service Center (SSC)
• Online at www.cusd200.org

CUSD 200 BOE Policies Guiding FY26 Annual Budget

• 4:10 Fiscal and Business Management: Budget Planning, Adoption Procedures, Budget Amendments and Implementation.
• “To the extent possible, the budget shall be balanced as defined by ISBE”.
• 4:20 Fund Balances: Establishes Definitions and Financial Planning Protocols.
• “The Board will target a fund balance of not less than 25% and not more than 40%, representing approximately ninety (90) to one hundred forty days (140) of operation. The date of measurement shall be June 30 of each fiscal year, and the measurement shall be consistent with that reported in the District's Annual Financial Report (AFR) filed with the Illinois State Board of Education.
• 4:152 Capital Renewal Funding – Sherman Dergis Methodology: Prioritizes Ongoing Investments in the Capital Infrastructure.
• Leveraging the Sherman Dergis methodology, the Board will commit to allocating financial resources in the annual budget each year to address maintenance, repair and/or replacement of the physical building infrastructure, systems, envelope and interior conditions to provide a safe, comfortable and healthy environment for learning and working.

Operating Fund Balance History (FY15-FY24)

FY26 Budget Priorities – Vision 2026

• Academic Excellence Strategies
• Implement learning acceleration strategies and programming
• Design and implement a balanced assessment system
• Develop implementation resources aligned with our Portrait of a Graduate
• Expand programming to prepare students for a full range of post-secondary opportunities
• Develop a comprehensive professional learning program and support system for staff
• Support the social and emotional needs of students
• Operational Excellence Strategies
• Address facilities projects identified in the Facilities Master Plan
• Maintain strong fiscal health of the organization
• Develop and maintain robust technology systems
• Engage our community on an ongoing basis to determine its priorities, foster partnerships, and promote learning
• Hire, develop and retain diverse, high-quality staff
• Maintain and enhance a positive organizational culture

CUSD 200 Methods of Accounting

• Cash Basis Accounting: This method focuses on our cash flow. Revenues are documented when we receive them, and expenses are documented when we pay them.
• Cash Basis is used for our Budget and in Infinite Visions (financial system).
• Accrual Basis Accounting: This method tracks whenever an action results in earnings or accrues an expense. A two-month look-back period (July & August) is used when determining final revenues and expenses.
• Accrual Basis is used for our Annual Financial Report (AFR) and all Financial Statements.

CUSD 200 Budget Funds

• Fund 10 – Education Fund
• Fund 20 – Operations & Maintenance Fund
• Fund 30 – Debt Service Fund
• Fund 40 – Transportation Fund
• Fund 50 – Illinois Municipal Retirement Fund/Social Security Fund
• Fund 60 – Capital Projects Fund
• Fund 70 – Working Cash Fund

Revenue Sources

• Local Sources
• Property Taxes
• CPPRT
• Fees
• Interest Income
• Food Service
• State Sources
• Evidence-Based Funding
• Special Education Private Facility Reimbursement
• Pupil Transportation Reimbursement
• Drivers Education Reimbursement
• CTEI (Career & Technical Education Improvement)
• Federal Sources
• Title Grants
• IDEA Grants
• Medicaid Reimbursement
• CTE/Perkins Grants

Expenditure Types

• Salaries: Fixed regular payments for all CUSD 200 staff
• Benefits: Medical, Dental, Term Life Insurance, TRS, IMRF, Medicare/Social Security
• Purchased Services: A service that is contracted, purchased or outsourced from a third-party vendor
• Supplies: Goods that are acquired with a total expense of less than $500
• Capital Outlay/Construction: Goods and/or Construction Projects with a total expense of more than $5,000
• Other Objects: Debt Payments, Private Facility Tuition, CTE Tuition, Dues & Fees
• Non-Capitalized Equipment: Goods that are required with a total expense between $500 and $5,000
• Termination of Benefits: Post-Retirement Benefits and/or Vacation Payouts
• Provision for Contingencies: A set-aside expense for emergencies or unplanned events

FY26 Final Budget Highlights

• Revenues
• December 2023 CPI (2024 Levy) @ 3.40%: Impacts Fall 2025 Collection (-$22,054)
• December 2024 CPI (2025 Levy) @ 2.90%: Impacts Spring 2026 Collection
• Tax Levy Distributions: New Construction
• Levy 2025: $35.0M Estimate (No Change)
• Levy 2024: $35.1M Actual
• TIFs (Tax Increment Financing):
• Wheaton TIF 3 - $3.0M planned total surplus disbursement, $2.0M estimate for CUSD 200 (No Change)
• Warrenville TIFs 3 & 4 – There are no planned surplus distributions
• CPPRT (Education & IMRF/SS Funds): FY26 Budget equals FY26 Illinois Department of Revenue Projections (+$102,397)
• Interest Earnings: 10% below final FY25 earnings (not including Debt Issuance Interest Earnings) (+$22,150)
• State Funding
• Evidence-Based Funding (EBF): Final = $224K Increase over FY25 - $19,689 Reduction from Tentative
• Deposited into Ed Fund, B&I Fund for Jefferson Operating Lease Payment and Transportation
• Categorical: Flat Year over Year
• Special Education Private Facility Reimbursements, Drivers Ed & Transportation (Reg. & Spec. Ed) Reimbursements
• Special Ed = Flat / Orphanage = $77,307 Reduction / Transportation = +$1.56M
• Federal Funding – Initial Allocations Lower than FY25 (No carryover included)
• National School Breakfast and School Lunch Program (NSLP)
• Title I/II/III/IV Grants
• IDEA FT & Preschool Grants
• Medicaid Reimbursements

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FY26 Final Budget Highlights

• Expenditures
• Salaries & Benefits (Increase of $694,137)
• Teachers: 6.00% increase per contract (contract expires June 30, 2027)
• Classified Staff: 4.43% average increase per new collectively bargained contract
• Non-Union Classified: 4.50% increase
• Administration: 3.00% increase
• Benefits: NIHIP Upcoming plan year (September 1, 2025)
• PPO 5.2% Increase, HMO 2.5% Increase, Dental 5.7% Increase
• TRS Federal Rate: 10.34%, State On-Behalf included in Budget
• IMRF Pension Rate: 7.15% (CY25) , 7.41% (Projected for CY26)
• Purchased Services, Supplies, Capital Purchases, Tuition/Other (Decrease of $717,308)
• Curriculum: Continue to support positions that support learning acceleration
• Technology: 1:1 Repair and Replace Program
• Outsourced Contracts: Food Service, Custodial & Transportation
• O&M Utilities: Electricity, Natural Gas, Sanitation, Phone & Water
• Tuition: Outplaced Students
• Student Activity Accounts
• Lease Payment: Jefferson Early Childhood Center

FY26 Final Budget Highlights

• Expenditures (Continued)
• FY26 (Summer 2025) Capital Projects: $7.08M in Capital Projects (No Change)
• Roofing: Washington, Wheaton North and Wheaton-Warrenville South
• Flooring: Wiesbrook
• Paving/Sealcoating: Johnson, Madison, Sandburg and Hubble
• Concrete/Pavers/Softball Walkway/Track: Wheaton North
• HVAC: Replace five rooftop heating/cooling units and chiller at Bower
• HVAC: Replace chiller and automation system at Emerson
• HVAC: Replace chiller and automation system at Hawthorne
• HVAC: Install two new heating/cooling units at Johnson
• HVAC: Upgrade some automation controls at Wheaton North and Wheaton-Warrenville South
• Playgrounds: Whittier, Wiesbrook and Pleasant Hill (in partnership with Carol Stream Park District)
• FY26 Middle School Capital Project Work (No Change)
• $68.65M Budgeted

Revenues by Source – All Funds

Source Amount

Local $207,579,559

State $24,829,692

Federal $10,026,318

Total Revenues $242,435,569*

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*Does not include Other Source of Funds:

$7.08M Transfer from O & M to Capital Projects Funds

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Expenditures by Type – All Funds

Type Amount

Salaries & Benefits $165,269,659

Purchased Services $ 31,240,349

Supplies $ 10,215,559

Capital Outlay/Const. $ 76,490,539

Dues/Fees/Tuition/Other $ 29,240,853

Total Expenditures $312,456,959*

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*Does not include Other Source of Funds:

$7.08M Transfer from O & M to Capital Projects Funds

All Funds Summary

Revenues $242,435,569*

Expenditures $312,456,956

Overall Budget Balance ($70,021,387)

Sherman Dergis Transfer to CPF ($7,087,231)

Middle School Debt Proceeds (68,647,319)

All Funds $5,713,163

*Does not include Other Source of Funds: $7.08M Transfer from O & M to Capital Projects Funds or the proceeds from the March 2025 Referendum Debt Issuance

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Revenues by Source – Operating Funds

Source Amount

Local $189,297,629

State $ 23,882,242

Federal $ 10,026,318

Total Revenues $223,206,189

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All funds excluding: Bond & Interest,

IMRF/Social Security and Capital Projects

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Revenues by Source – Operating Funds

Expenditures by Type – Operating Funds

Type Amount

Salaries & Benefits $161,106,469

Purchased Services $ 31,240,349

Supplies $ 10,215,559

Capital Outlay/Const. $ 355,990

Dues/Fees/Tuition/Other $ 11,196,852

Total Expenditures $214,115,219*

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All funds excluding: Bond & Interest, IMRF/Social Security and Capital Projects

*Does not include Other Expenses: $7.08M Transfer from O & M to Capital Projects Funds

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Expenditures by Type – Operating Funds

Year-Over-Year� Operating Budget Comparison

Type FY25 FY26 % Change

Operating Revenues $216,534,307 $223,206,189 3.08%

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Operating Expenditures $209,903,166 $214,115,218 2.01%

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All funds excluding Bond & Interest, IMRF/Social Security and Capital Projects

Operating Budget Summary�All funds excluding Bond & Interest, IMRF/Social Security and Capital Projects�

Revenues $223,206,189

Expenditures $214,115,218

Operating Balance $9,090,971*

Transfer to Capital Project Fund ($7,087,231)

Operating Surplus $2,003,740

FY26 Final Budget