District 67 Financial Information

Lake Forest School District 67 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 High School District 115 to provide greater articulation within the curriculum while increasing efficiencies and reducing administrative costs. Although declining enrollment has been projected the past few years, a drop in recent primary grade enrollments would indicate a sharper decline than originally projected. The employee base is steady with labor contracts not due to expire until the end of fiscal year 2017 (SEIU) and 2020 (LFEA).

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 .

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. 

ISBE Budget

ISBE Budget - Presents the District budget in a format required by the Illinois State Board of Education.

State Budget 2016-17 State Budget 2015-2016
State Budget 2014-2015 State Budget 2013-2014

Annual Financial Report

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.

Annual Financial Report - 2014-15 Independent Auditor's Report - 2014-15
Annual Financial Report - 2013-14 Independent Auditor's Report - 2013-14
Annual Financial Report - 2012-13 Independent Auditor's Report - 2012-13
Annual Financial Report - 2011-12 Independent Auditor's Report - 2011-12

Financial Reports

Procurement Card Fund Details & Bill List

Compensation & Contract Reports