Community Consolidated School District 93 has been recognized for its excellent financial stewardship on behalf of the residents of Carol Stream, Hanover Park and Bloomingdale. The District has received the following accolades:
Certificate of Excellence in Financial Reporting.
This is the highest form of recognition in governmental accounting and financial reporting and its attainment represents a significant accomplishment by a government and its management. The certificate confirms that the District’s Comprehensive Annual Financial Report (CAFR) for 2019-2020 has met or exceeded the standards set by the Government Financial Officers Association. This award represents a very significant achievement and reflects the District’s commitment to the highest standards of school system financial reporting.
Certificate of Financial Recognition.
The District received this certificate for the fiscal year ending June 30, 2020, from the Illinois State Board of Education. This award recognizes the strong financial position of the District in its management of annual resources and fund balances.
Financial Philosophy and Plan
CCSD93 is committed to establishing, maintaining, and improving educational programs within the funds provided by taxes and other sources. The District is committed to continuous improvement of all components of the educational organization and to long-term financial health through comprehensive multi-year planning. This multifaceted approach includes increasing revenues and controlling expenditures.
Increasing Revenues
- Supporting legislation that increases the states funding of education
- Seeking grants from state and federal government
- Developing partnerships with and donations from companies service organization and foundations
- Maintaining and increasing student and user fees as necessary
Controlling Expenditures
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Controlling costs in non educational areas to provide resources for use in instructional programs
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Managing direct educational expenditures
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Generating savings from utility deregulation
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Continuing a preventative maintenance program
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Purchasing goods and services on a competitive basis
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Refinancing debt taking advantage of interest rate savings
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Providing self-supporting programs
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Seeking shared service/purchasing opportunities with other agencies
Maintaining a Fund Balance of at least 50% in all funds
