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D-86 tentative budget projects $1.4M surplus

Published: Tuesday, July 23, 2013 10:09 a.m. CDT

HINSDALE – The 2013-2014 tentative budget for Hinsdale High School District 86 is now on public display and available on the district's website showing a surplus of $1,445,521.

According to the tentative budget, revenues for next school year are projected at $87,498,132 and expenditures are projected at $86,052,611.

Local revenue makes up a majority of the surplus, which comes at 93 percent from real estate taxes, corporate replacement tax, interest on investments, fees and tuition.

The budget must be adopted at a board meeting following the conclusion of the public hearing before the first quarter of the fiscal year, according to the district's website. The tentative budget will be available at the district office, 5500 S. Grant St., and online at hinsdale86.org for public inspection at least 30 days prior to the public hearing and adoption.

The public hearing will be held Sept. 23 and the board will vote on the budget following the hearing.

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