Finances

Awards Received

District 54 has received the Association of School Business Officials International’s (ASBO) Certificate of Excellence in Financial Reporting Award for excellence in the preparation and issuance of its Comprehensive Annual Financial Report (CAFR) for the last 42 years.

District 54 has received a Meritorious Budget Award from the Association of School Business Officials (ASBO) International for the last 16 years. The Meritorious Budget Award is conferred only to school systems that have met or exceeded the Meritorious Budget Award Program criteria related to developing, analyzing and presenting a budget.

Taxes and Fees

Property taxes represent about 74 percent of District 54′s total revenues. Tax caps have been in place since 1991 that limit property tax growth to the increase of the Consumer Price Index (CPI) or 5 percent, whichever is less. The CPI for 2014 was 0.8 percent. Property tax caps are also affected by new construction, which have averaged less than .5 percent in recent years in District 54 (in 2013 new construction accounted for .96 percent). In the 2014-15 District 54 budget state aid accounts for 20 percent and federal aid 3 percent of overall revenues. School districts receive no sales taxes.

Year 2006 2007 2008 2009 2010 2011 2012 2013
Tax Rate 3.104 2.582 2.559 2.592 2.995 3.195 3.578 4.148

The remainder of the revenues are from interest and local fees.

Fee/Year 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Student Milk Fee 10 cents 10 cents 20 cents 20 cents 20 cents 20 cents 20 cents
Consumable
Materials Fee
$50 $50 $50 $50 $50 $50 $50
Parent-paid transportation
fee for one child
$475 $475 $475 $475 $475 $475 $475
Open enrollment transportation
fee for one child
$75 $100 $150 $200 $250 $300 $0
Facility rental These rates vary based on the time of the rental and the room requested. Please see the Facilty Rental page for details.

 

Comprehensive Annual Financial Reports (CAFRs)

Comprehensive Annual Financial Report for 2014

Comprehensive Annual Financial Report for 2013

Comprehensive Annual Financial Report for 2012

Comprehensive Annual Financial Report for 2011

Comprehensive Annual Financial Report for 2010

Comprehensive Annual Financial Report for 2009

Comprehensive Annual Financial Report for 2008

Comprehensive Annual Financial Report for 2007

Comprehensive Annual Financial Report for 2006

Comprehensive Annual Financial Report for 2005

State of Illinois AFR

2014 State of Illinois Annual Financial Report

2013 State of Illinois Annual Financial Report

2012 State of Illinois Annual Financial Report

2011 State of Illinois Annual Financial Report

2010 State of Illinois Annual Financial Report

2009 State of Illinois Annual Financial Report

School District 54 Budgets

Meritorious Budget Award 2014-15

District 54 2014-15 State Budget Form

District 54 2014-15 Detailed Budget

Meritorious Budget Award 2013-14

District 54 2013-14 State Budget Form

District 54 2013-14 Detailed Budget

Meritorious Budget Award 2012-13

District 54 2012-13 State Budget Form

District 54 2012-13 Detailed Budget

Meritorious Budget Award 2011-12

District 54 2011-12 State Budget Form

District 54 2011-12 Detailed Budget

District 54 2010-11 State Budget Form

Meritorious Budget Award 2010-11

District 54 2009-10 State Budget Form

Meritorious Budget Award 2009-10

Annual Statements of Affairs

Annual Statement of Affairs 2013-14

Annual Statement of Affairs 2012-13

Annual Statement of Affairs 2011-12

Annual Statement of Affairs 2010-11

Annual Statement of Affairs 2009-10

Annual Statement of Affairs 2008-09

Check Registry

Check Registry for 2013-2014

Check Registry for 2012-13

Check Registry for 2011-12

Check Registry for 2010-11

Check Registry for 2009-10

Check Registry for 2008-09

Employee Compensation

Employee Compensation Report 2014

Contract List

Contracts Awarded over $25,000

Disclosure of Federal Participation (Stevens Amendment)
Projects or programs funded in whole or in part with federal grant money must credit the federal government for the federal government’s portion of the financial support. This web page citation informs the public that use of federal dollars in Schaumburg Community Consolidated School District 54 meets the Stevens Amendment requirement.  Staff development opportunities, resource purchases and personnel have been funded in whole or in part with federal entitlement dollars.