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Thursday, October 29, 2015
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The most taxing responsibilities Princeton Elementary School Board receives positive audit results despite minimal funding By Eric Engel eengel@bcrnews.com
PRINCETON — With vice president Doris Hamilton serving as president pro tem, the Princeton Elementary School (PES) Board heard from the district auditor Monday, Oct. 26, and discussed other relevant financial matters as well. Samantha Casey of Hopkins and Associates opened the meeting by presenting the audit to the board, indicating everything looked good on the audit. She said state aid decreased in all local districts this year, including PES No. 115, and attendance level went down minimally.
Due to losing Reagan Middle School, Casey said expenses for instruction, special education, operations and maintenance, salaries and bus transportation all decreased for the district. Fuel and transportation significantly decreased due to fuel prices going down throughout the last 12 months. Casey said cash balances for the district remained pretty consistent, except for the working cash fund (WCF), as district Superintendent Tim Smith shared the WCF at the end of September was just under $100,000, compared to $1,327,000 at the end of September 2014, due to necessary assistance toward the education fund. The cash on hand at the end of September in all funds was a little under $3,000,000 compared to just less than
$4,100,000 last year. “Last year the state had pretty much everything paid out by June 30, but money due from state went up quite a bit this year,” Casey said, an unfortunate circumstance all local districts are experiencing. Smith noted money due from the state on Oct. 30 was $364,372, with close to $271,000 due to the education fund. In light of the obvious strain the state of Illinois is currently putting on its schools through their financial efforts, or lack thereof, Smith shared some lighter statistics with his colleagues. “On the revenue side of the budget, we’ve collected about 36.48 percent of revenue due at 25 percent of the way through the fiscal year, yet on the expense side we’re at 19.64 percent expended,” he said, indicating PES has the highest enrollment but the lowest operating expenses in the area.
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Princeton Tigers are ready to roar into playoffs The Princeton Tigers are busting out with their first playoff appearance in 12 years and first home game in 13 years. They will take a 9-0 record, the first in school history, up against Oneida ROWVA Mid-County (5-4) at 7 p.m. Friday at Bryant Field. PHS hosted its last playoff game in 2002, defeating Rochester 48-21 in quarterfinal play. Rochester is a five-time defending champion in 4A.
BCR photo/Mike Vaughn
To be continued ...
Bureau Valley School Board sets meeting to discuss facilities By Goldie Rapp grapp@bcrnews.com
MANLIUS — After a three-month hiatus on deliberation concerning the district’s facilities study, the Bureau Valley Board has set a date to continue discussion at 7:30 p.m. Monday, Nov. 16. At the Tuesday, Oct. 27, meeting, board member Kent Siltman questioned previous meeting dates board President Rick Cernovich and Superintendent Stephen Endress had set without asking for input from other board members. Cernovich said it was approved at a previous meeting a date would be set
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sometime after Sunday, Nov. 1. Siltman said in the past, the board had been surveyed with a couple dates for these sorts of meetings to see what works for everybody. He added the date set by Cernovich and Endress would not work for him. Cernovich agreed he wanted every board member at the meeting, and the board decided Nov. 16, would be a night that would work for everyone’s schedule. Siltman also asked about the agenda items that would be discussed that evening. Cernovich said without talking specifics, the agenda would probably state,
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Police pensions Spring Valley Police Pension Board looks to become more aggressive with investments By Goldie Rapp grapp@bcrnews.com
SPRING VALLEY — The Spring Valley City Council on Monday, Oct. 26, agreed to transfer police pension funds from Spring Valley City Bank to Heartland Bank and Trust, as recommended by the Police Pension Board. Spring Valley Police Chief Kevin Sangston said throughout the last year the pension board has been discussing different financial institutions and investment advisers. The board would like to increase the different types of
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investments and become more aggressive in their investing with the overall hope the city’s tax levy would be reduced. “Our pension system is one of the few in the state that is very healthy,” Sangston said. “So we were in the position where we went and hired Heartland Bank and Trust to manager our money and be our adviser; the goal long term is to keep it solvent and reduce the pension liability on the taxpayers.”
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