Board approves tentative budget for 2020-21

At a meeting on July 27, the Glenbrook High School District 225 Board of Education reviewed the tentative budget for 2020-21. The proposed balanced budget projects $144,758,042 in direct expenditures.  Included in the proposed budget is a one-time transfer of $1,500,000 from the Operations and Maintenance Fund to the Capital Projects Fund to support approved facility modernization, including upgrades to the nurses office at each school.

“As a result of long-term prudent financial management, the school district is able to present a balanced budget for the 2020-21 fiscal year,” said Assistant Superintendent for Business Dr. R.J. Gravel. “This budget provides the financial resources necessary to support our excellent academic and extracurricular programs, while also providing for anticipated expenditures related to the COVID-19 pandemic.”

As part of the budget discussion, the Board reviewed the previous fiscal year. Based on preliminary, unaudited figures, the district anticipates an increase to fund balance which will be presented as part of the final budget presentation in September.

The tentative budget for 2020-21 will be posted on the district’s website for public viewing starting July 29. The community will have an opportunity to provide input on the tentative budget during a public hearing at the regularly scheduled Board Meeting on September 14, at 7 p.m. in the Glenbrook High School District Office located at 3801 W. Lake Avenue in Glenview. In addition, the budget will be available for public viewing at the District Office reception desk, Suite 101A, for no less than 30 days.

The Board is expected to adopt the final budget during the business portion of its meeting on September 14.
Board approves tentative budget for 2020-21