Screenshot 2025-09-23 at 8.04.16 PM

Beecher School Board Approves FY26 Budget With Projected Surplus, Earmarks Funds for Major Projects

Spread the love

Article Summary: The Beecher School District 200-U Board of Education formally adopted its Fiscal Year 2026 budget, projecting a modest surplus of approximately $96,000 and continuing a recent trend of positive financial results after years of deficit spending. The budget includes significant earmarked funds for potential large-scale capital projects, including new boilers for the junior high, window replacements at the high school, and the purchase of new buses.

Beecher School District FY26 Budget Key Points:

  • The FY26 budget projects revenues of $18.43 million and expenditures of approximately $18.3 million, resulting in a planned surplus of around $96,000.

  • The district ended the previous fiscal year (FY25) with an actual surplus of $246,000, marking the second consecutive year of being “in the black.”

  • Major potential expenditures include $100,000 for junior high boilers, $215,000 for high school windows, and $170,000 for a new bus and two transportation vans.

  • The district’s reserves currently represent about 3.2 years of state Evidence-Based Funding, exceeding the strategic plan goal of 2.5 years.

BEECHER, IL – The Beecher School District 200-U board approved an $18.3 million budget for the 2026 fiscal year that continues to solidify the district’s financial health while setting aside significant funds for aging infrastructure.

During a public hearing on September 10, Superintendent Dr. Jack Gaham presented the budget, which projects revenues of $18.43 million against expenditures of $18.3 million, leaving a planned surplus of about $96,000. This marks the third consecutive year the district has planned for or achieved a budget surplus, a significant turnaround from a prior period of deficit spending.

“You actually have been in the black successfully the last two years,” Dr. Gaham told the board. “Something you promised the taxpayers that you would look to turn around. We’ve been successfully in the black the last two years, so kudos to you all.”

The district outperformed its FY25 budget, ending the year with a $246,000 surplus instead of a projected deficit, aided by the sale of property and higher-than-expected tax levy payments.

A key component of the new budget is the earmarking of funds for several large-scale projects. These include a potential $100,000 for replacing boilers at the junior high, $215,000 from health life safety funds for high school window replacements, and $170,000 to update the district’s transportation fleet with one large bus and two smaller vans. Dr. Gaham noted that if these earmarked funds are not spent, the projected surplus will increase.

The budget also reflects a strong financial position in terms of reserves. According to the superintendent, the district’s end-of-year fund balance of $12.7 million represents approximately 3.2 years of Evidence-Based Funding from the state. This exceeds the board’s strategic plan goal of maintaining at least 2.5 years of funding in reserve.

“If the state comes in and says EBF is done, you still have about three years of just holding on until things get really bad,” Dr. Gaham explained, highlighting the district’s financial stability.

Following the presentation, the board voted unanimously to close the hearing and later approved the budget as presented.

Events

No events

Leave a Comment





Latest News Stories

Ad Hock July 22nd

Will County Committee Forwards Overhauled Purchasing Code Amid Debate on Local Contractor Preference

The Will County Ad-Hoc Ordinance Review Committee advanced a major overhaul of the county's purchasing code Tuesday, but only after a split vote and a pointed debate over a separate,...
Ad Hock July 22nd

Finance Officials Clarify How Will County Tracks Assets, From Vehicles to Desks

Will County finance officials on Tuesday detailed the policies governing how the county tracks its physical and digital assets, explaining the $5,000 threshold for items that are formally capitalized and...
Ad Hock July 22nd

Will County Treasurer Confirms Free Online Tax Payment Option, Warns Against High Credit Card Fees

Will County Treasurer Tim Brophy confirmed Tuesday that property owners have a free online payment option available and advised residents to avoid the high convenience fees associated with using credit...
Ad Hock July 22nd

Committee Highlights ‘Lack of Teeth’ in County Code Enforcement Process

While the Will County Ad-Hoc Ordinance Review Committee quickly approved minor updates to its administrative adjudication ordinance Tuesday, the action sparked a broader discussion about resident frustration over the enforcement...
Meeting Briefs

Meeting Briefs: Will County Ad-Hoc Ordinance Review Committee for July 22, 2025

AI Policy Discussion Urged: Chair Jackie Triner called for the county to develop a comprehensive policy on the use of Artificial Intelligence. Citing a recent conference, Triner noted the potential benefits...
WCO P&Z July 15

Crete Township Wins Approval for New Digital Sign at Community Center

Crete Township received approval from the Will County Planning and Zoning Commission on Tuesday for a new digital sign at its community center, a project that required a special use...
WCO P&Z July 15

Will County Planners OK Oversized Garage Near Naperville, Overriding Staff Recommendation

The Will County Planning and Zoning Commission on Tuesday approved variances for a new oversized accessory garage in Wheatland Township, siding with a homeowner and builder over a staff recommendation...
WCO P&Z July 15

Green Garden Landscaping Business Gains Permit Amid Strong Neighbor Support

A small landscaping and lawn maintenance business operating on a residential property in Green Garden Township received official approval Tuesday after neighbors voiced overwhelming support for the operation. The Will...
Meeting Briefs

Meeting Briefs: Will County Planning and Zoning Commission for July 15, 2025

Frankfort Shed Relocation Approved: A homeowner on West Harvest Drive in Frankfort Township received a variance to reduce an east side-yard setback from 10 to 4 feet. The variance, sought by...
Beecher Graphic.1

Beecher Overhauls Village Governance, Dissolves Key Commissions in Code Update

Article Summary: The Village of Beecher has fundamentally restructured its governmental framework, approving a pair of ordinances that redefine the roles of trustees, resize the Police Commission, and formally dissolve...
Beecher Graphic.3

Beecher to Explore New Banking Relationship, Considers Annual Bids for Services

Article Summary: The Village of Beecher is poised to change where it banks and how it manages its financial partnerships, following a discussion at the July 14 board meeting. After...
Beecher Graphic.4

Beecher Nuisance Property Owner Makes ‘Substantial Effort’ to Clean Up

Article Summary: The owner of a long-problematic property on Catalpa Street has cleaned up the yard and ordered a dumpster, showing significant progress after years of complaints and recent threats...

Meeting Summary and Briefs: Village of Beecher Board of Trustees for July 14, 2025

The Beecher Village Board passed a major overhaul of its governmental structure at its meeting on July 14, approving ordinances that dissolve the Planning and Zoning and Beautification Commissions and...
WCO Exec Cmte July 10.1

County Approves School Resource Officer, Multi-Year Planning Requirements

Will County approved hiring an additional sheriff's deputy for a school resource officer position that will be fully funded by Summit Hill School District 161, while also passing new transparency...
WCO Exec Cmte July 10.2

County Addresses Senior Tax Exemption Processing Error

A processing error that cost County Board member Julie Berkowicz $600 in senior tax exemptions has prompted discussions about improving verification systems for property tax breaks. Will County Chief Assessment...