, BE IT RESOLVED, that the State Board of Education approves the amount of state funding of this district in this State Fiscal Year in the total amount of 564,829.40 for the current fiscal year. The proposed appropriation for FY2009 is 2,038,800.00. As the budgetary estimates and the expenditure plans in this budget, include a budget deficit and include the need for funds to meet statutory and contractual payments due the State and local governments, it is recommended that these expenditures be made from funds contained in other budget projects including, but not limited to, the Department of Insurance, and the Department of Administration: Provided further, That in fiscal year 2010 the State Board of Education shall have discretionary authority to adjust the State's contribution rate in accordance with Section 17-4.5 of this Act; and, further, upon the request of the board, the state may provide funding for other projects within the budget. Sec. 2.1. In addition to funds provided through this appropriation, the State Board of Education shall make available funds derived from local aid (federal and state funds) provided by individual school districts located within the State of Illinois as grants to districts under Section 3 of the State Department of Education's Local Aid Grants Act (20 ILLS 115/3).
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ILLINOIS STATE BOARD OF EDUCATION School Business Services Division Accounting Basis: X SCHOOL DISTRICT BUDGET FORM * July 1, 2008, June 302009,09 Cash Accrual Balanced budget, no deficit reduction
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