The Business Operations Department serves the District 54 community through the management of all financial and business operations including:
- Accounts Payable
- Custodial Services
- Cash Management
- Financial Projections
- Mandated Governmental Reporting
Property taxes represent about 66 percent of District 54’s total revenues in the 2022-23 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 2021 was 7 percent. Property tax caps are also affected by new construction, which have averaged less than .5 percent in recent years in District 54. In the 2022-23 District 54 budget state aid accounts for 27.4 percent and federal aid 5.85 percent of overall revenues. School districts receive no sales taxes.
2015 – 4.333
2016 – 3.790
2017 – 3.844
2018 – 4.03
2019 – 3.545
2020 – 3.575
2021 – 3.976
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.