Budget & Finance

Finance Office Staff

Staff Member	Position	Phone	Email
John Troy	Assistant Superintendent of Business and General Counsel	815-521-4294	jtroy@mchs.net
Kathi Norman	Payroll/Bookkeeper	815-521-4453	knorman@mchs.net
Karen Soukup	Accounts Payable	815-521-4307	ksoukup@mchs.net

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Minooka Community High School District 111 posts a variety of financial and budgetary documents online to promote operational transparency and as a courtesy to the community so it may better understand the district’s finances. The district is required by the Illinois State Board of Education to post some items, as well (indicated with a *). If you have any questions about any of these items, please feel free to contact our District Office at 815-467-2557.

School Finance Resources | Budgets & Annual Financial Reports | Contracts & Compensation | Other Reports & Documents

School Finance Resources

ELECTRONIC SCHOOL FINANCE GUIDES

The components and processes of school district finances are complex. In an effort to help those interested in learning more about this topic, please refer to references listed below or contact our District Office at 815-467-2557.

Understanding School Finance
Mechanics of a School District Budget
The Illinois Property Tax System
Decoding Your Tax Bill

COUNTY CLERKS' OFFICES/TAX ASSESSORS' OFFICES

If you would like to contact your county clerk's/tax assessor's office, please click on the appropriate link that follows:

Grundy County
Will County
Kendall County

IMRF EMPLOYER COST AND PARTICIPATION INFORMATION

This webpage is on the Illinois Municipal Retirement Fund (“IMRF”) website and contains information about all IMRF employers’ participation in the fund, click here.

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Budget & Annual Financial Reports

*ANNUAL BUDGET

What It Is: The annual budget details the district’s anticipated revenue and expenditures, and serves as legal authorization to spend funds within the boundaries of those amounts.
When It Is Posted: September of each year (amended budgets are posted as approved)

Download: FY2020 | FY2019 | FY2018 | FY2017

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*AUDIT

What It Is: The audit is the summary report that is provided to the district by the auditor. This summarizes all revenue, expenditures, investments, and fund balances.
When It Is Posted: October of each year

Download: FY2020 | FY2019 | FY2018 | FY2017 | FY2016

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ISBE ANNUAL FINANCIAL REPORT

What It Is: The annual financial report is the summary report that is provided to the district by the auditor. This summarizes all revenue, expenditures, investments, and fund balances.
When It Is Posted: October of each year

Download: FY2020 | FY2019 | FY2018 | FY2017 | FY2016

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ANNUAL STATEMENT OF AFFAIRS

Download: FY2020 | FY2018 | FY2017 | FY2016

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MONTHLY BILLS
Click Here - Board Books
(Please note: Going forward, beginning with the October 17, 2018 Board of Education meeting, you will now find the Monthly Bills through our BoardBooks link)

What It Is: These reports are a summary of invoices paid by the district each month.
When It Is Posted: Reports are posted after school board approval.

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IMPREST BILLS
Click Here - Board Books
(Please note: Going forward, beginning with the October 17, 2018 Board of Education meeting, you will now find the Imprest Bills through our BoardBooks link)

What It Is: These reports are a summary of invoices paid by the district each month.
When It Is Posted: Reports are posted after school board approval.

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Contracts & Compensation

CONTRACT TERM POSTING - DR. KENNETH C. LEE
5 ILCS 120/7.3(b) -- posted 6/11/2020

CONTRACT TERM POSTING - JOHN TROY
5 ILCS 120/7.3(b) -- posted 11/12/2020

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*ADMINISTRATOR/TEACHER SALARY AND BENEFITS REPORT

What It Is: This is a comprehensive report that details the base salary, vacation days, sick days, and other benefits.
When It Is Posted: Fall of each year

Last Updated: 9/24/2020; 10/1/2019; 10/1/2018

Download: FY2020 | FY2019 | FY2018 | FY2017 | FY2016

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*MEA COLLECTIVE BARGAINING AGREEMENT

What It Is: The collective bargaining agreement is the “contract” between the Minooka Education Association and the MCHS District #111 Board of Education. This agreement may be a multi-year agreement.
When It Is Posted: After ratification by the Minooka Education Association and approval by the MCHS District #111 Board of Education.

Last Updated: 7/1/2020

Download: 2020/2021-2022/2023 CBA

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SUPPORT STAFF COLLECTIVE BARGAINING AGREEMENT

What It Is: The collective bargaining agreement is the “contract” between the Minooka Support Staff IEA/NEA and the MCHS District #111 Board of Education. This agreement may be a multi-year agreement.
When It Is Posted: After ratification by the Minooka Support Staff IEA/NEA and approval by the MCHS District #111 Board of Education.

Last Updated: 7/1/2020

Download: 2020/2021 - 2022/2023 CBA

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*CONTRACTS OVER $25,000

What It Is: The Illinois State Board of Education requires that public school districts publish contracts with outside vendors and that are of a value greater than $25,000.
When It Is Posted: October of each year

Last Updated: 9/29/20; 10/1/2018

Download: FY2020 | FY2018 | FY2017 | FY2016

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*ANTICIPATED COMPENSATION OVER $75,000

What It Is: The Illinois State Board of Education requires that public school districts publish compensation reports for any individual in the district that earns over $75,000 and contributes to IMRF.
When It Is Posted: October of each year

Last Updated: 9/24/2020; 10/1/2019; 02/20/2019; 10/1/2018

Download: FY2021 | FY2020 | FY2019 | FY2018 | FY 2017

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*ACTUAL ADMINISTRATION COMPENSATION REPORT

What It Is: The Illinois State Board of Education requires that public school districts publish an administrative compensation report prior to October 1 of each year. MCHS District #111 publishes the actual compensation received by each administrator (those individuals whose employment position requires a type-75 certification) in the previous school year.
When It Is Posted: October of each year

Last Updated: 9/24/2020; 10/1/2019; 10/1/2018

Download: FY2021 | FY2020 | FY2019 | FY2018 | FY2017

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Other Reports & Documents

ASSISTANT SUPERINTENDENT'S FINANCIAL REPORT TO THE BOARD
Click Here - Board Books
(Please note: Going forward, beginning with the October 17, 2018 Board of Education meeting, you will now find the Financial Report through our BoardBooks link)

What It Is: Each month, the Assistant Superintendent of Business & General Counsel presents to the Board of Education a general overview of the status of school district finances.
When It Is Posted: After the report is presented to the Board of Education

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MONTHLY EXPENDITURE REPORT
Click Here - Board Books
(Please note: Going forward, beginning with the October 17, 2018 Board of Education meeting, you will now find the Expenditure Report through our BoardBooks link)

What It Is: The monthly expenditure report is a ledger of all expense accounts with budgets and month and year-to-date totals.
When It Is Posted: After the report is presented to the Board of Education

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MONTHLY REVENUE REPORT
Click Here - Board Books
(Please note: Going forward, beginning with the October 17, 2018 Board of Education meeting, you will now find the Monthly Revenue through our BoardBooks link)

What It Is: The monthly revenue report is a ledger of all revenue accounts with budgets and month and year-to-date totals.
When It Is Posted: After the report is presented to the Board of Education

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MOODY'S INVESTORS SERVICE CREDIT RATING OF DISTRICT #111

What It Is: MCHS District #111 is annually reviewed for its creditworthiness by rating agencies. A higher rating will result in a lower interest rate on district bonds, which translates into savings for taxpayers.
When It Is Posted: As issued

Download: May 2018 | July 2017 | February 2016

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ALL OUTSTANDING DEBT - 2019 Click Here.

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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 the use of federal dollars in the Minooka Community High School District 111 meets the Stevens Amendment requirement. Various instructional material purchases, tutoring programs, staff professional development opportunities, district personnel, software licenses and online subscriptions, summer learning programs, homeless student outreach, and parental engagement events have been funded in whole or in part with Federal entitlement dollars.

CORPORATE PERSONAL PROPERTY REPLACEMENT TAX

Background: Taxing bodies in Illinois receive tax funds from the state known as Corporate Personal Property Replacement Tax (CPPRT). This tax revenue was created after the 1970 constitutional convention abolished local municipalities ability to tax corporate personal property. In 2014 and 2015 the Illinois Department of Revenue who is responsible for distributing the CPPRT funds mistakenly overpaid taxing districts by a total of $168 million dollars. As a result, it is likely that the state will reduce future CPPRT payments until the overpayment is recouped. The District has been overpaid $75,442.91 over the past two years. In Fiscal Year 2015 the District collected $643,785.68 and in Fiscal Year 2016 the District's estimated CPPRT funds were $656,228.00 of which the District has received $423,637.02 as of April 21, 2016.

Illinois Department of Revenue Press Release - 4/19/2016
Personal Property Replacement Tax Allocation Error Estimate
CPPRT 2016 Estimate and 2015 Actual
2019 Prevailing Wage Act Amended

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