Local News

D161 looking at $64K operating surplus for FY2022 but $671K total deficit with construction

As Flossmoor School District 161 heads toward a Sept. 13 vote on its fiscal year 2022 budget, it is expecting an operating surplus of approximately $64,000 for the fiscal year — which runs from July 1, 2021, through June 30, 2022 — but an overall deficit of $671,595 with construction, according to a report delivered Monday, Aug. 30, by Associate Superintendent Fran LaBella.

Total revenues are anticipated to be $37.43 million for FY22, while expenditures are anticipated to be $38.10 million. But LaBella emphasized that the budget is a “roadmap” based on assumptions and not actuals, with current . . .

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