Lake Forest School District 115 has historically maintained
financial stability through increased efficiencies and careful
monitoring of expenditures.
The District continually seeks new and innovative ways to continue these processes in an effort to keep from diminishing the educational programs. The District currently participates in a shared services agreement with Lake Forest School District 67 to provide greater articulation within the curriculum whole increasing efficiencies and reducing administrative costs. The employee base is steady with the LFEA labor contract not due to expire until the end of fiscal year 2016. Further, the support staff does not have a negotiated contract.
Early each calendar year, the District embarks on the process
of building a budget for the next fiscal year. Short- and long-term
financial projections, historical expenditure reports, and estimates of
the state and local revenue receipts are all analyzed in an effort to
craft the most accurate budget. Reports and documents related to the
budget are listed below, along with brief explanations of their content.
We welcome your questions and comments. Please email Jennifer Hermes at firstname.lastname@example.org.
To learn more about school finance, we recommend you view the document, Understanding School Finance published by the Illinois Association of School Boards.
Current & Historical District Budget Documents
The following are District budget documents from the current and previous fiscal years.