Business Operations

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 

 

47

22

District 54 has received the Association of School Business Officials International’s Certificate of Excellence in Financial Reporting Award for excellence in the preparation of its Comprehensive Annual Financial Report (CAFR) for the last 47 years.

District 54 has received a Meritorious Budget Award from the Association of School Business Officials International for the last 22 years for the development, preparation and presentation of its annual budget.

 

 

Finances

Property taxes represent about 82 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 2018 was 1.9 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 2019-20 District 54 budget state aid accounts for 12 percent and federal aid 4 percent of overall revenues. School districts receive no sales taxes.

Year/Tax Rate

2015 – 4.333
2016 – 3.790
2017 – 3.844
2018 – 4.03
2019 – 3.545

Financial Reports

 

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.