budget

Flossmoor school board considers 2020 budget numbers

The Flossmoor School Board heard a presentation on District 161’s Fiscal Year 2020 budget and a breakdown of its different funding sources on Aug. 26.
 
The district’s preliminary budget anticipates $35,480,215 in revenue and $35,971,498 in expenses, leaving an operating deficit of $491,333. The total deficit after construction costs is $1,497,333.
 

Surplus in early budget discussions for Homewood

Homewood Director of Finance Dennis Bubenik presented a draft budget that starts with a surplus of more than $500,000.

Bubenik outlined the budgeted expenses for trustees at the village board meeting on March 26. 
 

District 153 closes 2018 budget with a surplus

Homewood School District 153 will have a balanced budget with a surplus when the current budget year ends Sept. 30.
 
School Business Manager John Gibson said at the Sept. 24 board of education meeting this is the first year since 2011 the district’s numbers have looked so good. 
 

Next Flossmoor budget closes gap with help from projected sales tax revenue

Buoyed by an anticipated half-million dollars in additional tax revenue, the fiscal year 2018-2019 budget for the Village of Flossmoor was passed unanimously by the board of trustees April 16.
 

Homewood to hold public hearing on village budget

The Homewood board of trustees will hold a public hearing at 7:30 p.m. Tuesday, April 10, to allow residents to comment on the village's 2018-19 budget.

Finance Director Dennis Bubenik will present information about the $39.5 million budget. Because the village is on a two-year budget cycle, the 2018-19 budget mostly involves fine-tuning the current plan, he said.

Park district budget shows future improvements

New carts for Coyote Run Golf Course, work to make the Irons Oaks Environmental Learning Center accessible to people with disabilities and roof repairs at the H-F Ice Arena are included in the 2018-19 budget proposed by directors at the Homewood-Flossmoor Park District.

Homewood trustees to consider budget amendments, business incentive request

Three measures that were deferred at the previous meeting will be taken up at the Homewood board of trustees meeting at 7:30 p.m. Tuesday in village hall.

The board will consider a business incentive fund request from Vivek Pinto for financial assistance with the cost of installing a fire alarm system at 18673-18681 Dixie Highway. The request for $6,410 would cover half the cost of the system.

H-F High will have its 13th balanced budget

Homewood-Flossmoor High School will have a balanced 2018 budget. It is the 13th consecutive year the district has been in the black.
 
Business manager Ken Parchem said the $53.76 million budget shows a 1.7 percent increase in revenues over the 2017 budget. 

“Overall revenues are fairly flat. We show a $600,000 overall increase. Expenditures are up 3.8 percent,” he said. 
 

H-F area lawmakers say bipartisan effort ended state budget crisis

One veteran Illinois lawmaker called this week’s state budget approval “historic.”
 
Another state representative said the atmosphere in the state capitol was like “a pressure cooker” on Thursday, when the Illinois House overturned Gov. Bruce Rauner’s veto of the budget and the income tax hike that makes it possible.
 

Improvements included in park district’s budget

The Homewood-Flossmoor Park District commissioners approved a $14.73 million budget that includes several big-ticket items.
 
The district will collect $13 million in revenues. To balance the budget, the district is relying on reserves. 
 
The budget shows $983,705 in capital, $1.6 million in principal and interest payments and $641,075 in depreciation expenses. 
 

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