Financial Information
LCHS finances, as listed in the 2010 School Report Card, show average teacher salaries at $55,819 and average administrative salaries at $91,261. Revenue by source has local property taxes accounting for 58.4%, GSA accounting for 14.5%, with other federal, state, and local sources accounting for the remaining 27.1% of district revenues. Expenditure by major funds shows the Education Fund expending 67.3%, Operations & Maintenance 8.9%, Transportation 4.0%, Debt Service 9.1%, Municipal Retirement/Social Security 2.0%, Tort 3.2%, and Fire Prevention & Safety 5.5%.
The district’s FY’10 audit indicates that LCHS had a deficit budget of $1,049,140 in the Operating Funds (Education, Operations & Maintenance, Transportation, and Working Cash). The FY’10 year ended with the State behind in payments due to the district in the amount of approximately $600,000. Because of healthy fund balances, however, Limestone has received a 3.65/4.0 rating from ISBE and “Recognition” status on the Annual Financial Profile.
The district’s FY’10 audit indicates that LCHS had a deficit budget of $1,049,140 in the Operating Funds (Education, Operations & Maintenance, Transportation, and Working Cash). The FY’10 year ended with the State behind in payments due to the district in the amount of approximately $600,000. Because of healthy fund balances, however, Limestone has received a 3.65/4.0 rating from ISBE and “Recognition” status on the Annual Financial Profile.
Documents:
| Annual Budget |
| Annual Statement of Affairs |
| Administrator Salary Compensation Report |
| Certified Contract |
| Educational Support Staff Contract |
| Vendor W-9 |
