The Business Operations Department serves the District 54 community through the management of all financial and business operations including:

• Accounting 
• Accounts Payable 
• Budgeting 
• Custodial Services
• Facilities
• Grounds 
• Cash Management 
• Financial Projections 
• Maintenance
• Mandated Governmental Reporting 
• Payroll 
• Purchasing 

Finances

Property taxes represent about 79 percent of District 54’s total revenues in the 2024-25 budget. 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 2023 was 3.4 percent. Property tax caps are also affected by new construction, which have been less than .5 percent in recent years in District 54. In the 2024-25 District 54 budget state aid accounts for 9.4 percent and federal aid 3.2 percent of overall revenues. School districts receive no sales taxes.

Year/Tax Rate

2017 – 3.844
2018 – 4.03
2019 – 3.545
2020 – 3.575
2021 – 3.976
2022 – 3.685
2023 – 3.696

Financial Reports

• 2023 Annual Statement of Affairs
• 2023 Annual Comprehensive Financial Report
• 2023 Annual Financial Report
• Meritorious Budget Award 2023-24
• Illinois State Board of Education Joint Agreement Budget Form 2024-25
• ESSER III Use of Funds
• 2021-2022 Check Register
• Contracts over $25,000 awarded 2023
• Employee Compensation Report 2024
• Administrator Contracts
• IMRF – Employer Cost and Participation Report

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.

Asbestos Management Plan/Building Inspection Reports

In accordance with the Asbestos Hazard Emergency Response Act, the Asbestos Management Plan and the Building Inspection Report for each school is available for review by all parents, students and teachers in each school office and at the district’s Administrative Offices. These plans are available for your inspection during business hours (Monday through Friday from 8 a.m. to 4 p.m.) and during other times by special arrangement. To make an appointment to review a plan, contact District 54 at (847) 357-5017.