Home > Board of Education > District Financial Information
District Financial Information
Introduction | Budget Building Process | Fiscal Year 2013 Budget
Current & Historical Budget Documents | Explanation Health & Life Safety Funding
New Trier has a proud history of financial stewardship for the citizens of New Trier Township. The District has increased its reserves in each of the last five years and continues to maintain its financial stability despite difficult economic times. New Trier continually earns top honors and accolades from national school finance groups, and Moody’s Investors Services recently affirmed the District’s Aaa bond rating, the highest rating possible and one earned by less than 10 school districts across Illinois. New Trier was the first high school district in Illinois to earn the rating in 2001.
Each year, the District undertakes both long- and short-term financial planning, reporting, and analysis, and crafts a proposed budget based on a specific budget calendar. Financial reports and documents supporting the budget planning are released on our Board of Education document website, throughout the year.
This website is another place to view all of those documents, along with brief explanations of their content.
We encourage your questions and comments about our budget planning process and look forward to hearing community input. If you have questions, please e-mail firstname.lastname@example.org
Budget Building Process
This section details the process of building the District budget, and includes all supporting documents presented to the Board.
Current & Historical District Budget Documents:
The following are District budget documents from the current and previous fiscal years.
Budget Summary - Organizes the District budget by fund and account classification.
ISBE Budget - Presents the District budget in a format required by the Illinois State Board of Education.
Annual Financial Report - A report filed with the Illinois State Board of Education after completion of the budget year, containing final District revenues and expenditures. Official signed copies available in the District Office.
Comprehensive Annual Financial Report - Comprehensive Annual Financial Report – The Comprehensive Annual Financial Report is issued by the Administration and includes the Independent Auditor’s Report and Basic Financial Statements.
Financial Reports - Statements of the District’s cash position issued each month. The Quarterly Financial Report includes a comparison of the District’s actual financial position to the budget. These documents also include investment reports.
Bill List – A monthly list of payments to District vendors.
Contracts & Compensation Report – Current collective bargaining agreements, compensation reports, and other contracts.
Explanation of Health & Life Safety Funding
The District uses Health & Life Safety funding to finance some repairs. A detailed explanation of this process is here.