SCHOOL DISTRICT/JOINT AGREEMENT NAME: Lake Zurich Community Unit School District DISTRICT TYPE 10 RCDT NUMBER: 34-049-0950-26 Elementary 11 ADDRESS: 832 S
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Page 1 Page 1 A B C D E F G H I J 1 This page must be sent to ISBE Note: For submitting to ISBE, the "Statement of Affairs" can 2 and retained within the district/joint agreement ILLINOIS STATE BOARD OF EDUCATION be submitted as one file to avoid separating worksheets. 3 administrative office for public inspection. School Business Services 4 (217)785-8779 5 ANNUAL STATEMENT OF AFFAIRS FOR THE FISCAL YEAR ENDING 6 June 30, 2020 7 (Section 10-17 of the School Code) 8 9 SCHOOL DISTRICT/JOINT AGREEMENT NAME: Lake Zurich Community Unit School District DISTRICT TYPE 10 RCDT NUMBER: 34-049-0950-26 Elementary 11 ADDRESS: 832 S. Rand Road, Lake Zurich, IL 60047 High School 12 COUNTY: Lake County Unit X 1413 NAME OF NEWSPAPER WHERE PUBLISHED: Daily Herald 15 ASSURANCE 16 YES X The statement of affairs has been made available in the main administrative office of the school district/joint agreement and the required Annual Statement of Affairs Summary has been published in accordance with Section 10-17 of the School Code. 1817 19 CAPITAL ASSETS VALUE SIZE OF DISTRICT IN SQUARE MILES 20 20 WORKS OF ART & HISTORICAL TREASURES 0 NUMBER OF ATTENDANCE CENTERS 8 21 LAND 11,953,158 9 MONTH AVERAGE DAILY ATTENDANCE 5,218 22 BUILDING & BUILDING IMPROVEMENTS 82,608,453 NUMBER OF CERTIFICATED EMPLOYEES 23 SITE IMPROVMENTS & INFRASTRUCTURE 7,236,729 FULL-TIME 519 24 CAPITALIZED EQUIPMENT 5,972,667 PART-TIME 27 25 CONSTRUCTION IN PROGRESS 37,055,097 NUMBER OF NON-CERTIFICATED EMPLOYEES 26 Total 144,826,104 FULL-TIME 198 27 PART-TIME 76 28 NUMBER OF PUPILS ENROLLED PER GRADE TAX RATE BY FUND (IN %) 29 PRE-KINDERGARTEN 78 EDUCATIONAL 3.5758 30 KINDERGARTEN 363 OPERATIONS & MAINTENANCE 0.7217 31 FIRST 396 BOND & INTEREST 0.4632 32 SECOND 415 TRANSPORTATION 0.0762 33 THIRD 427 MUNICIPAL RETIREMENT 0.0334 34 FOURTH 397 SOCIAL SECURITY 0.0680 35 FIFTH 431 WORKING CASH 0.0148 36 SIXTH 443 FIRE PREVENTION & SAFETY 37 SEVENTH 448 TORT IMMUNITY 38 EIGHTH 418 CAPITAL PROJECTS 39 SPECIAL 17 SPECIAL EDUCATION 0.0328 40 Total Elementary 3,833 LEASING 41 NINTH 453 OTHER 42 TENTH 452 OTHER 43 ELEVENTH 466 DISTRICT EQUALIZED ASSESSED VALUATION (EAV) 1,731,428,495 44 TWELFTH 440 EQUALIZED ASSESSED VALUATION PER ADA PUPIL 331,837 5 45 SPECIAL 23 TOTAL LONG-TERM DEBT ALLOWED 238,937,132 ##### 46 Total Secondary 1,834 TOTAL LONG-TERM DEBT OUTSTANDING AS OF June 30, 2020 82,095,873 47 Total District 5,667 PERCENT OF LONG-TERM DEBT OBLIGATED CURRENTLY 34.36% 48 49 ISBE 50-37 (07/2020) Page 2 Page 2 A B C D E F G H I J K 1 STATEMENT OF ASSETS AND LIABILITIES 2 AS OF JUNE 30, 2020 3 4 (10) (20) (30) (40) (50) (60) (70) (80) (90) Municipal Acct Operations & Fire Prevention & Description Educational Debt Service Transportation Retirement & Capital Projects Working Cash Tort No Maintenance Safety 5 Social Security 6 CURRENT ASSETS (100) 7 Cash (Accounts 111 thru 115) 45,641,753 8,123,784 5,288,503 4,171,010 1,382,430 49,971,613 2,909,936 0 0 8 Investments 120 8,958,137 1,686,230 1,097,379 884,911 286,858 10,372,045 603,820 9 Taxes Receivable 130 36,368,476 7,265,790 4,663,004 767,000 1,020,318 0 148,692 0 0 10 Interfund Receivables 140 0 0 0 0 0 0 0 0 0 11 Intergovernmental Accounts Receivable 150 902,537 0 0 387,933 0 0 0 0 0 12 Other Receivables 160 47,497 85,210 5,579 4,590 1,536 15,300 3,227 0 0 13 Inventory 170 0 0 0 0 0 0 0 0 0 14 Prepaid Items 180 487,330 17,527 1,175 0 0 0 0 0 0 15 Other Current Assets 190 0 0 0 0 0 0 0 0 0 16 Total Current Assets 92,405,730 17,178,541 11,055,640 6,215,444 2,691,142 60,358,958 3,665,675 0 0 17 CURRENT LIABILITIES (400) 18 Interfund Payables 410 0 0 0 0 0 0 0 0 19 Intergovernmental Accounts Payable 420 0 0 0 0 0 0 0 0 0 20 Other Payable 430 233,030 146,764 0 1,040 0 5,879,309 0 0 0 21 Contracts Payable 440 0 0 0 0 0 2,838,491 0 0 0 22 Loans Payable 460 0 0 0 0 0 0 0 0 0 23 Salaries & Benefits Payable 470 8,284,004 39,339 0 48,081 100,058 0 0 0 0 24 Payroll Deductions & Withholdings 480 172,263 3,074 0 16,663 0 0 0 0 0 25 Deferred Revenues & Other Current Liabilities 490 31,396,230 6,247,695 4,009,616 659,527 877,349 0 127,857 0 0 26 Due to Activity Fund Organizations 493 0 0 0 0 0 0 0 0 0 27 Total Current Liabilities 40,085,527 6,436,872 4,009,616 725,311 977,407 8,717,800 127,857 0 0 28 LONG-TERM LIABILITIES (500) 29 Long-Term Debt Payable 511 30 Total Liabilities 40,085,527 6,436,872 4,009,616 725,311 977,407 8,717,800 127,857 0 0 31 Reserved Fund Balance 714 0 552,578 32 Unreserved Fund Balance 730 52,320,203 10,741,669 7,046,024 5,490,133 1,161,157 51,641,158 3,537,818 0 0 33 Investments in General Fixed Assets 34 Total Liabilities and Fund Balances 92,405,730 17,178,541 11,055,640 6,215,444 2,691,142 60,358,958 3,665,675 0 0 Page 3 Page 3 A B C D E F G H I J K 1 STATEMENT OF REVENUES RECEIVED/REVENUES, EXPENDITURES DISBURSED/EXPENDITURES, OTHER SOURCES/USES 2 AND CHANGES IN FUND BALANCE - FOR YEAR ENDING JUNE 30, 2020 3 4 (10) (20) (30) (40) (50) (60) (70) (80) (90) Municipal Acct Operations & Fire Prevention & Description Educational Debt Service Transportation Retirement & Capital Projects Working Cash Tort No Maintenance Safety 5 Social Security 6 RECEIPTS/REVENUES 7 Local Sources 1000 67,037,932 11,926,737 8,082,283 1,397,225 1,849,019 590,382 300,436 0 0 Flow-Through Received/Revenue from One District to 2000 8 Another District 0 0 0 0 9 State Sources 3000 5,083,188 50,000 0 1,562,097 3,106 0 0 0 0 10 Federal Sources 4000 2,121,210 0 0 0 80,021 0 0 0 0 11 Total Direct Receipts/Revenues 74,242,330 11,976,737 8,082,283 2,959,322 1,932,146 590,382 300,436 0 0 12 Rec./Rev. for "On Behalf" Payments 3998 35,746,498 0 0 0 0 0 0 0 13 Total Receipts/Revenues 109,988,828 11,976,737 8,082,283 2,959,322 1,932,146 590,382 300,436 0 0 14 DISBURSEMENTS/EXPENDITURES 15 Instruction 1000 47,428,704 855,182 16 Support Services 2000 23,071,235 6,316,001 8,202,438 1,132,136 34,306,818 0 0 17 Community Services 3000 96,424 0 0 6,600 18 Payments to Other Districts & Govt Units 4000 471,640 0 0 0 0 0 0 0 19 Debt Services 5000 0 0 9,563,352 0 0 0 0 20 Total Direct Disbursements/Expenditures 71,068,003 6,316,001 9,563,352 8,202,438 1,993,918 34,306,818 0 0 21 Disb./Expend. for "On Behalf" Payments 4180 35,746,498 0 0 0 0 0 0 0 22 Total Disbursements/Expenditures 106,814,501 6,316,001 9,563,352 8,202,438 1,993,918 34,306,818 0 0 Excess of Direct Receipts/Revenues Over (Under) 23 Direct Disbursements/Expenditures 3,174,327 5,660,736 (1,481,069) (5,243,116) (61,772) (33,716,436) 300,436 0 0 24 Other Sources of Funds 7000 0 88,792 750,784 3,791,460 0 48,192,624 0 0 0 25 Other Uses of Funds 8000 161,047 10,817,421 88,792 0 0 87,022 0 0 0 26 Total Other Sources/Uses of Funds (161,047) (10,728,629) 661,992 3,791,460 0 48,105,602 0 0 0 Excess of Receipts/Revenues & Other Sources of Funds (Over/Under) Expenditures/Disbursements & Other Uses of 27 Funds 3,013,280 (5,067,893) (819,077) (1,451,656) (61,772) 14,389,166 300,436 0 0 28 Beginning Fund Balances - July 1, 2019 49,306,923 15,809,562 7,865,101 6,941,789 1,775,507 37,251,992 3,237,382 0 0 Other Changes in Fund Balances Increases 29 (Decreases) 30 Ending Fund Balances June 30, 2020 52,320,203 10,741,669 7,046,024 5,490,133 1,713,735 51,641,158 3,537,818 0 0 Page 4 Page 4 A B C D E F G H I J K L M 1 ANNUAL STATEMENT OF AFFAIRS SUMMARY FOR FISCAL YEAR ENDING JUNE 30, 2020 2 3 The summary must be published in the local newspaper. 4 Copies of the detailed Annual Statement of Affairs for the Fiscal Year Ending June 30, 2020 will be available for public inspection in the school district/joint agreement administrative office by December 1, annually.