Answers to common district financial questions can be found in our Financial FAQ.
Annual Statement of Affairs
The Annual Statement of Affairs is a financial report that all school districts need to complete according to Illinois State law. The Annual Statement of Affairs contains a financial summary of a school district’s funds, tax rates, equalized assessed valuation, and enrollment. Summary information regarding employee salaries and payments to vendors is also contained in the report.
Each year the school board must create a budget that reveals the district’s income and expenses and it must make its annual budget available for public inspection. The budget is the school district’s plan for how it will allocate and expend revenue dollars.
Annual Financial Report
The Annual Financial Report is filed with the Illinois State Board of Education after completion of the budget year, containing final District revenues and expenditures.
Contracts Over $25K
Illinois schools are required to list all contracts over $25,000 and any contract that the school board enters into with an exclusive bargaining agent. Exemptions from this requirement include 1) collective bargaining agreements with district employee groups, and 2) personal services contracts with individual district employees. The links below list all vendors and corresponding contracts valued at more than $25,000 for this and recent fiscal years.
IMRF Report and Salary Compensation
Illinois school are required to post IMRF Report and Salary Compensation for employees.
In accordance with certain requirements of 105 ILCS 5/17-1.1, District 401 is posting the following information: Shared Services
Prevailing Wage Rates
Per state statute, Ridgewood High School is posting the following information: Prevailing Wage Rates