Budget and Finances
Public Budget Presentation and Adoption
The Illinois School Code mandates that each school district prepare a tentative budget, make the tentative budget available for public inspection for a minimum of 30 days, and hold a public hearing and formally adopt the budget prior to the end of the first quarter (September 30) of each fiscal year. The fiscal year 2021 tentative budget was presented on August 19, 2020, and was on display in the Superintendent's Office at Lincoln School as well as located on the district web page. The budget hearing was held September 23, 2020 at 5:30 p.m. with the regular board meeting immediately following. The budget was approved at the regular board meeting on September 23, 2020.
Salary, Compensation and Benefit Report
In accordance with certain requirements of 105 ILCS 5/10-20.46 and 105 ILCS 5/34-18.37, a school district must list on its website a salary, compensation and benefit report for administrators by October 1, 2009, and each subsequent year thereafter. Salary and benefit information for district administrators are as follows for fiscal year 2020 (FY20).
Collectively Bargaining Agreements
In accordance with certain requirements of 105 ILCS 5/10-20.46, a school district must list on its website any contract the Board of Education enters into with an exclusive bargaining representative. The collective bargaining agreements for Oglesby Public School District 125 are as follows:
Required Listing of Contracts Exceeding $25,000
In accordance with the requirements of 105 ILCS 5/10-20.40, a school district must list on its website all contracts over $25,000 and any contract that the Board of Education enters into with an exclusive bargaining representative.
Audit and Financial Reports
Provided below is a link of the district's most recent audit and annual financial report. The report is for the 2019 fiscal year from July 1, 2018 through June 30, 2019.