Riverside-Brookfield High School District 208’s board of education approved its 2027 fiscal year budget Sept. 8.
Board approval came after a scheduled public hearing with no public comments.
The approved budget shows anticipated revenue for the year at $35,477,712, with anticipated expenditures at $35,750,713, resulting in a deficit of $273,000, according to assistant superintendent Dr. Kristin Smetana.
“In previous tentative budgets, the deficit was larger due to including the abatement of $3 million from the Working Cash fund for potential $3 million sublease payment to the Brookfield Zoo Chicago,” she said.
Changes reflected in the budget since the August board meeting included an increase in Corporate Personal Property Replacement Tax (CPPRT) of $42,563 based on the estimate released that month; staffing adjustments; and increased investment interest due to first quarter earnings.
Evidence-Based Funding was $4,926,534, an increase of $521,425.
Smetana said the district received upwards of $1 million in state Evidence-Based Funding a year ago, but this year is substantially less.
The reason is that Riverside-Brookfield High School is in Tier 1 of four total state tiers that determines base funding. This fiscal year, Elgin Area School District U-46 joined Tier 1, which impacted the funding all other schools received.
According to the state board of education, Evidence-Based Funding sends more resources to the state’s most under-resourced students and helps ensure all districts have the resources to provide a challenging and well-rounded student learning environment.
The final budget is available for review online.
