The Collinsville Community Unit School District’s budget is developed annually and is designed to meet the requirements of local, state and federal government regulations. The budget, which is adopted by the board of education, outlines the plan for accomplishing the district’s fiscal goals each year. The Director of Business Affairs develops the tentative budget which contains anticipated revenues and expenditures as well as a statement of estimated cash expected to be on hand at the beginning and end of the fiscal year. The tentative budget is placed on display 30 days prior to a public budget hearing. During the hearing, details of the tentative budget are explained and the public may ask questions or provide input. The budget is then voted on and adopted (or rejected) by the board of education at a public board meeting held after the budget hearing. Illinois law requires that the budget be adopted by the board of education prior to the end of the first quarter of the fiscal year (September 30).
Like 90% of Illinois school districts, the Collinsville school district uses the cash basis of accounting. The district undergoes a thorough financial audit each year. Results of the financial audit are presented to the board of education both verbally and in writing.
Current budgets for both Collinsville Community Unit School District No. 10 and Collinsville Area Vocational Center are available above.
Additional information about the mechanics of a school district budget can be found in the Illinois State Board of Education’s A Guide to Understanding the Illinois School District Budget Process document at http://www.isbe.net/finance/.