barrincommunity gton unit school district no. · 2014-02-13 · internatjonal -1 - an affirm...

BARRINGTON COMMUNITY UNIT SCHOOL DISTRICT NO. 220

FINANCIAL STATEMENT S

ASOF AND FOR THEYEARENDED JUNE 30, 2013

AND INDEPENDENT AUDITORS' REPORT

T H I S P A G E I S I N T E N T I O N A L L Y L E F T B L A N K

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 TABLE OF CONTENTS

AS OF AND FOR THE YEAR ENDED JUNE 30, 201 3

Independent Auditors' Report

Required Supplementary Information

Management's Discussion and Analysis (MD&A) - Unaudited

Basic Financial Statements

Government-Wide Financial Statements

Statement of Net Position

Statement of Activities

Fund Financial Statements

Balance Sheet - Governmental Funds

Reconciliation of the Governmental Funds -Balance Sheet to the Statement of Net Position

Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds

Reconciliation of the Governmental Funds - Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities

Statement of Fiduciary Assets and Liabilities - Agency Fund

Notes to Basic Financial Statements


Illinois Municipal Retirement Fund Schedule of Employer's Contributions and

Parefs) 1 - 3

4 - 1 5

1 6

17

18 - 19

20

21 - 22

23

24

25 - 44

Analysis of Funding Progress 45

Schedule of Funding Progress For Retiree Healthcare and Life Insurance Benefit Program 46

General and Major Special Revenue Funds - Schedule of Revenues. Expenditures and Changes in Fund Balances - Budget to Actual

General Fund

Operations and Maintenance Fund

Transportation Fund

Municipal Retirement/Social Security Fund

Notes to Required Supplementary Information

Supplementary Information

Major Debt Service and Major Capital Projects Funds - Schedule of Revenues. Expenditures and Changes in Fund Balances - Budget to Actual

Debt Service Fund

Capital Projects Fund

47 - 56

57 - 58

59

60 - 62

63

64 - 65

66-67

T H I S PA G E I S I N T E N T I O N A L L Y LEFT B L A N K

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 TABLE OF CONTENTS


Supplementary Schedules- (Continued) Page(s)

General Fund - Combining Balance Sheet 68

General Fund - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances 69

General Fund Accounts - Schedule of Revenues. Expenditures and Changes in Fund Balances - Budget to Actual

Educational Accounts

Tort Immunity and Judgment Accounts

Working Cash Accounts

Schedule of Changes in Assets and Liabilities - Agency Fund

Other Information

Bonds Payable Schedule - Issue Dated April 1 , 1998

Bonds Payable Schedule - Issue Dated August 1 , 2002

Bonds Payable Schedule - Issue Dated February 1 , 2004

Bonds Payable Schedule - Issue Dated March 1 , 2004

Bonds Payable Schedule - Issue Dated August 2, 2007

Bonds Payable Schedule - Issue Dated April 7, 2008

Bonds Payable Schedule - Issue Dated January 8, 2009

Bonds Payable Schedule - Issue Dated May 9, 2012

Bonds Payable Schedule - Issue Dated December 27, 2012

Revenues by Source and Expenditures by Object - Last Ten Fiscal Years - General and Special Revenue Funds

70 - 80

8 1

82

83

84

85

86

87

88

89

90

91

92

93 - 94

T H I S PA G E I S I N TE N T I O N A L L Y LEFT B L A N K

INDEPENDENT AUDITORS' REPORT

To the Board of Education Barrington Community Unit School District No. 220 Barrington, I l l inois

Report on the Financial Statements

�AKER TILLY

Baker Tilly \'ire how Krause, LLP 1301 W 22nd St, Stc400 Oak Brook, IL 60523-3389 tel 630 990 3131 fax 630 990 0039 bakcrtilly.com

We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of Barrington Com munity Unit School District No. 220, as of and for the year ended June 30, 201 3, and the related notes to the financial statements, which collectively comprise Barrington Comm unity Unit School District No. 220's basic financial statements as listed in the table of contents.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of i nternal control relevant to the preparation and fair presentation of financial statements that are free from material m isstatement, whether due to fraud or error.

Auditors' Responsibility

Our responsibil ity is to express opinions on these financial statements based on our audit. We conducted our audi t in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material m isstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material m isstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control over financial reporting relevant to Barrington Community Unit School District No. 220's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circum stances but not for the purpose of expressing an opinion on the effectiveness of Barrington Community Unit School District No. 220's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by m anagement, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

� �'n ............ j-f•i tflfllf • BAKER TILLY INTERNATJONAL - 1 - An Affirm�lri,·cAction Equ.1l Oppo1 tuniry Employe1

To the Board of Education Barrington Community Unit School District No. 220

Opinions

In our opinion, the financial statements referred to above present fairly, in al l material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund Information of Barrington Community Unit School District No. 220 as of June 30, 201 3 and the respective changes in financial position thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America .

Emphasis of Matter

As discussed in Note 3, Barrington Com munity Unit School District No. 220 adopted the provisions of GASB Statement No. 63, Financial Reporting for Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position, effective July 1 , 2012. Our opinions are not modified with respect to this matter.

Other Matters

Prior-Year Comparative Information

We have previously audited Barrington Community Unit School District No. 220's 201 2 financial statements, and we expressed unmod ified audit opinions on the respective financial statements of the governmental activities, each major fund, and the aggregate remaining fund information in our report dated October 29, 201 2 . In our opinion, the summarized comparative information presented herein as of and for the year ended June 30, 201 2, is consistent, in al l material respects, with the aud ited financial statements from which it has been derived.


Accounting principles generally accepted in the United States of America requ ire that the required supplementary information as l isted in the table of contents be presented to supplement the basic financial statements . Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have appl ied certain l im ited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inqu iries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the l im ited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information

Our audit for the year ended June 30, 201 3 was conducted for the purpose of forming opinions on the financial statements that collectively comprise Barrington Comm unity Unit School District No. 220's basic financial statements. The supplementary information as l isted in the table of contents for the year ended June 30, 201 3 is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibi l ity of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures appl ied in the audit of the basic financial statements for the year ended June 30, 201 3, and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information as l isted in the table of contents is fairly stated in all material respects, in relation to the basic financial statements as a whole for the year ended June 30, 201 3.

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To the Board of Education Barrington Com munity Unit School District No. 220

We also previously audited, in accordance with auditing standards generally accepted in the United States of America, the basic financial statements of Barrington Com munity Unit School District No. 220 as of and for the year ended June 30, 201 2 (not presented herein), and have issued our report thereon dated October 29, 201 2, which contained unmodified opinions on the respective financial statements of the governmental activities, each major fund, and the aggregate remaining fund information. The supplementary information as l isted in the table of contents for the year ended June 30, 201 2 is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the 201 2 financial statements. The information has been subjected to the auditing procedures applied in the audit of the 201 2 basic financial statements and certain additional procedures, i ncluding comparing and reconci l ing such information directly to the underlying accounting and other records used to prepare those financial statements or to those financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information as l isted in the table of contents is fairly stated in all material respects in relation to the basic financial statements as a whole for the year ended June 30, 201 2 .

Other Information

Our audit was conducted for the purpose of form ing opinions on the financial statements that col lectively comprise Barrington Community Unit School District No. 220's basic financial statements. The other information is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accord ingly, we do not express an opinion or provide any assurance on it.

Other Reporting Required by Government Auditing Standards

I n accordance with Government Auditing Standards, we have also issued our report dated Decem ber 2, 201 3 on our consideration of Barrington Com munity Unit School District No. 220's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters . The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Barrington Community Unit School District No. 220's internal control over financial reporting and compliance.

Oak Brook, Il linois December 2, 201 3

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Barrington Community Unit School District 220 Management's Discussion and Analysis (Unaudited) For the Year Ended June 30, 2013

The discussion and analysis of Barrington Community Unit School District 220's (the District) financial performance provides an overall review of the District's financial activities for the year ended June 30, 2013. The management of the District encourages readers to use the information presented herein in conjunction with the basic financial statements to enhance their understanding of the District's financial performance. All amounts, unless otherwise indicated, are expressed in thousands of dollars.

FINANCIAL HIGHLIGHTS

> Joining only 68 school districts nationally and merely 22 of 873 Illinois school districts, Barrington Community Unit School District 220 maintained its coveted AAA rating from Standard and Poor's Financial Management Assessment. The highest rating possible reflects historically solid fiscal performance, projected operating surpluses and strong financial management practices embedded in the District's multi-year budgeting and financial planning. Consistent with other districts awarded elite status by Standard and Poor's, Barrington 220 exemplifies the ability to navigate all economic cycles as well as strategically adjusting to variables of student enrollment and state aid.

> For the 16th straight year, the Board of Education approved a balanced budget for Fiscal Year 2013. Working from a fiscally conservative standpoint, the Board again made prudent decisions to assure that deficit spending would be avoided.

> During Fiscal Year 2013, the Illinois State Board of Education (ISBE) awarded the District a Certificate of Financial Recognition in honor of its commitment to financial excellence. This commendation, based on 2012 fiscal year financial statements and the school system's 2013 financial profile, places District 220 in the ISBE's highest category of financial achievement.

> Net Position of governmental activities for the District increased $5.3 million (a 3.8% increase).

> The District reduced long-term outstanding bond principal by $9. 1 million.

> The net change in fund balance of the District's funds for Fiscal Year 2013 was a positive $0.5 million.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as an introduction to the District's basic financial statements. The basic financial statements are comprised of three components:

> Government-wide financial statements

> Fund financial statements

> Notes to the financial statements

This report also contains additional supplementary and other information in addition to the basic financial statements.

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Government-wide financial statements

The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.

The Statement of Net Position presents information on all of the District's assets and liabilities, with the difference between the two being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The Statement of Activities presents information showing how the District' s net position changed during the fiscal year being reported. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

Both of the government-wide financial statements present the functions of the District that are principally supported by taxes and intergovernmental revenues (governmental activities). The District has no business-type activities or functions that are intended to recover all or a significant portion of their costs through user fees and charges. The District' s governmental activities include instructional services (regular education, special education and other), supporting services, operation and maintenance of facilities and transportation services.

Fund financial statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the District can be divided into two categories: governmental funds and fiduciary funds (the District maintains no proprietary funds).

Governmental funds are used to account for essentially the same functions as reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains six individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General, Operations and Maintenance, Transportation, Municipal Retirement/Social Security, Debt Service, and Capital Projects Funds, all of which the District considers to be major funds. Each fund can be placed into one of four major categories: General, Special Revenue, Capital Projects, or Debt Service.

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The following figure lists the individual government funds by major category:

Educational

Accounts

Tort Immunity & Judgment Accounts

Working Cash

Accounts

Operations and

Maintenance Fund

Transportation

Fund

Municipal

Retirement/ Social

Security Fund

Capital Projects

Fund

Fire Prevention and

Safety Fund

Debt Service Fund

General Fund

Special Revenue Funds

Capital Projects Funds

Debt Service Fund

The District adopts an annual budget for each of the funds listed above excluding the Fire Prevention and Safety Fund. A budgetary comparison statement has been provided for each fund to demonstrate compliance with this budget.

Fiduciary funds are used to account for resources held for the benefit of parties outside the District. Fiduciary funds are not reflected in the government-wide financial statements because the resources of these funds are not available to support the District' s programs. The accounting used for fiduciary funds is much like that for the government-wide financial statements.

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Notes to the basic financial statements

The notes to the basic financial statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found on pages 25 through 43 of this report.

Other information

In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the District's progress in funding its obligation to provide pension benefits to its non-certified employees.

DISTRICT-WIDE FINANCIAL ANALYSIS

Net Position

As noted earlier, net position may serve over time as a useful indicator of a District's financial position. As of June 30, 2013, the District's combined net position totaled $145.2 million. Overall, the decrease in total liabilities offset with a small increase in total assets contributed to a total net position increase of 3.8% thus improving the financial position of the District. (See page 16 for more details)

Table 1 below presents a summary of the District's net position for the years ended June 30, 2013 and 2012:

Table 1 Condensed Statement of Net Position

(in thousands of dollars)

Current and other a ssets

Capital assets

Total Assets

Other Liabil i ties

Long-term debt outstanding

Total Liabil ities

Net Position:

N et Investment in Capital Assets

Restricted

Unrestricted

Total Net Position

$

$

$

$

$

$

-7-

2013

128,671 $

163,894

292,565 $

70,454 $

76,879

147,333 $

89,722 $

19,437

36,073

145,232 $

Increase

2012 (Decrease)

123,486 $ 5,185 168,208 {4,314)

291,694 $ 871

65,721 $ 4,733

86,041 {9, 162)

151,762 $ �4,429)

86,130 $ 3,592

16,984 2,453

36,818 (745)

139,932 ..;.$_��5""'=,3�0�0

Barrington Community Unit School District 220 Management's Discussion and Analysis (Unaudited)

For the Year Ended June 30, 2013

Changes in Net Position

The District's total revenues for Fiscal Year 2013 were $158.9 million. Local property taxes are the largest revenue source to the District, contributing 75.08% of the total revenues. Operating Grants and Contributions were the next highest revenue source supplying 19.15%.

Expenses totaled $153.6 million for the year ending June 30, 2013. The District's costs were primarily related to Instruction, which created 63.60% of the total expenses. The other significant expenses were Pupil and Instructional Services at 8.58%.

The District' s total revenues increased $3 million (1.9%) compared to the prior year, while total expenses increased $7.7 million (5.3%) above the prior year. Overall, the District's total revenues exceeded total expenses by $5.3 million.

Table 2 below presents a summary of changes in net position for the years ended June 30, 2013 and 2012:

Table 2 Changes in Net Position (all funds) (in thousands of dollars)

Percent Percent 2013 of Total 2012 of Total

Revenues:

Program Revenues: Charges for Services $ 6,114 3.85% $ 5,727 3.67% Operating Grants & Contributions 30,427 19.15% 28,917 18.55% Capital Grants & Contributions 314 0.20% 192 0.12%

General Revenues: Property Taxes 119,314 75.08% 118,744 76.16% General State Aid 2,103 1.32% 2,174 1.39% Other 637 0.40% 158 0.10%

Total Revenues $ 158,909 100.00% $ 155,912 100.00%

Expenses:

Instruction $ 97,698 63.60% $ 91,541 62.73% Pupil and Instructional Services 13,182 8.58% 13,260 9.09% Adm inistration and Business 11,256 7.33% 10,550 7.23% Transportation 8,884 5.78% 10,045 6.88% Operations and Maintenance 12,007 7.82% 10,700 7.33% Interest 4,091 2.66% 4,424 3.03% Other 6,491 4.23% 5,397 3.70% Total Expenses 153,609 100.00% 145,917 100.00%

Increase in Net Position $ 5,300 $ 9,995

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Barrington Community Unit School District 220 Management's Discussion and Analysis (Unaudited) For the Year Ended June 30,2013

Changes in Net Position (Continued)

Charts 1 and 2 below provide a visual adaptation of the revenues and expenses listed in Table 2 on the previous pa e.

Chart 1 - District-Wide Revenues by Source FY 2013

[]

• Charges for Services • Operating Grants & Contributions c Capital Grants & Contributions

c Property Taxes • General State Aid c Other

( Chart 2- District-Wide Expense by Function FY 2013

I [] 2.66%

• 63.60%

II Instruction II Pupil and Instructional Services CAdministration and Business

CTransportation II Operations and Maintenance II Interest

II Other

-9-


GENERAL AND SPECIAL REVENUE FUNDS REVENUE AND EXPENDITURE ANALYSIS

The General and Special Revenue funds are also known as the Operating Funds. The aggregate revenues and other financing sources for the Operating Funds totaled $146.7 million which includes an increase in capital lease value of approximately $0.94 million.

Total expenditures for Fiscal Year 2013 in the Operating Funds and other financing uses were $144.7 million. During the Fiscal Year, the Board ofEducation approved a transfer of $1.1 million from the General Fund to the Debt Service fund to support the payment of capital lease principal and interest.

The net change in the Operating Fund balance for Fiscal Year 2013 was a $2.0 million increase.

Additional information and details on the District's Governmental Funds activity for the fiscal year ending June 30, 2013 can be found on pages 21-22.

GENERAL AND SPECIAL REVENUE FUNDS BUDGETARY HIGHLIGHTS

Total budgeted Operating Fund revenues including other financing sources for Fiscal Year 2013 was $142.6 million. Actual revenues of $146.7 million were greater than budget by $4.1 million. Local property tax revenue in the Operating Funds was projected to be $103.8 million but actual revenue was $105.5 million for a positive variance of $1.7 million. This variance is attributable to timing differences amongst the four counties, the weighted overlap factor or percent of burden determined by the Illinois Department of Revenue, the prior period adjustment from the collared counties, and the property tax collection rate. State revenue and other financing sources including On Behalf Payments to TRS from the State were greater than budget by $1.0 million mostly attributable to On Behalf Payments to TRS being $0.6 million more than budgeted. Federal revenue in the Operating Funds exceeded budget by $0.3 million.

The District budgeted $141.8 million in the Operating Funds for expenditures and other financing uses and actual results were $144.6 million for a negative variance of $2.8 million.

Additional information and details on the District' s Governmental Funds activity for the fiscal year ending June 30, 20 13 can be found in the Required Supplementary Information on pages 46-60.

GENERAL FUND BUDGETARY HIGHLIGHTS

The General Fund is the District's largest operating entity and represents approximately 77.3% of the total operating fund balance. The budget projected $118.8 million of revenues including other financing sources; actual revenues for the fiscal year were $122.6 million, a positive variance of $3.8 million.

For expenditures, the budget projected $120.8 million including other financing uses whereas the actual expenditures were $123.0 million for a negative variance of $2.2 million.

When comparing actual revenues to expenditures the General Fund resulted in excess expenditures over revenues of $.2 million. The actual net change in fund balance for the General Fund was a decrease of $.4 million, from $35.2 million to $34.8 million.

Additional information and details on the General Fund activity for the fiscal year ending June 30, 2013 can be found on pages 50-60.

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FOOD SERVICE PROGRAM

Food Services covered its variable costs of operation for the fiscal year. The excess of revenues over expenditures will contribute to the fixed costs of utilities and custodial expenses. A summary of its operations is shown in Table 3 below:

Table 3 Food Service Program (not rounded)

Revenues Students State and Federal Grants

Total

Expenditures Outside Contract Supplies Capital Outlay

Total

Excess of Revenues over Expenditures

CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets

$

$

$

$

2013 2012

1,912,659 $ 2,184,518 656,610 629,065

2,569,269 _$_.....;2;.:.,8;..1...;.3�,5�8-3

2,335,055 $ 2,455,436 45,965 35,787

4,558 16,570 2,385,578 2,507,793

183,691 $ 305,790

For the year ending June 30, 2013, the District' s total capital assets were $256.5 million (before depreciation) including, but not limited to land, land improvements, construction in progress, buildings, vehicles, and equipment. Total depreciation expense for the year was $5.5 million.

During the year, the District completed the renovation and construction projects throughout the District. Highlighted projects include: new paving at many locations, HV AC replacement at BMS-Station Campus, roof replacement at the high school, new energy-efficient lighting, and an energy-efficient building automation system. Total Operations & Maintenance capital improvement expenditures were $1.9 million.

The Facilities Committee, including members of the Board of Education, the Director of Buildings & Grounds, the Director of Finance, and the Assistant Superintendent for Business Services have developed a five-year facilities improvement plan with input from Building Principals and Administrators. All projects are ranked and prioritized to fit within the ongoing capital projects budget of approximately $2.0 million.

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Table 4 below represents a summary of the cost of capital assets for the years ended June 30, 2013 and 2012:

Table 4 Statement of Capital Assets (in thousands of dollars)

Land Construction in progress Buildings Equipment & vehicles

Total

$

2013

12,036 615

226,499 17,312

$ ===2=5�6,=46=2=

$

Percent 2012 Change

12,036 0.00% 1,603 -61.63%

225,362 0.50% 17,920 -3.39%

256,921 -0.18%

More detailed information about capital assets can be found in Note 6 to the basic financial statements (page 34).

Long-term Debt

For the year ended June 30, 2013, the District had $74.9 million in general obligation bonds outstanding according to the existing debt payment schedule. As seen below, this was a -10.8%, or $9.1 million decrease from its total in the beginning of the year of $84.0 million.

The District is subject to the Illinois School Code, which limits the amount of bond indebtedness to 13.8% of the most recent available equalized assessed valuation of the District. As of June 30, 2013, the statutory debt limit for the District was $396.2 million less outstanding bonds and capital leases of $76.6 million equals a debt margin of $319.6 million.

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Table 5 below is a summary of the District' s outstanding obligations:

Table 5 Outstanding Long-term Debt (in thousands of dollars)

General Obl igation Bonds

Capital Leases $ $

2013

74,915 1,661

$ $

2012

84,040 1,843

Percent Change

-10.8% -9.9%

More detailed information about long-term liabilities can be found in Note 8 to the basic financial statements (pages 34-36).

BOARD OF EDUCATION PRIORITIES IN FISCAL YEAR 2013

The Board of Education renewed its goals for the 2012-13 school year, which focus on maintaining the fiscal health of the school district, monitoring state and federal legislation and funding changes, preserving community trust, aligning curricula, interventions and assessments, balancing emollment and facility needs, and promoting social-emotional learning. The Board also placed a priority on the progress of the 2020 Vision Strategic Plan developed by more than 330 community and staff members in the spring of 2009.

The Board of Education continued its pledge to maintain fiscal health and monitor State and Federal Legislation and funding changes by developing and implementing plans to provide sufficient funding for current and future operations, programs and facilities in light of uncertain revenue sources. The Board' s commitment to remain fiscally conservative and its resolve to balance the budget each year has required the Board to trim roughly $6 million in recurring annual expenses since 2008-09. These strong fiduciary management practices has helped the District maintain the prestigious 'AAA' bond rating from Standard & Poor' s, which reflects historically the District' s solid financial performance.

The Board of Education maintains and honors community trust by being transparent, strategically seeking public engagement and effectively managing resources through clear decision-making and regular communication.

The Board of Education advocates for the alignment of curricula, interventions and assessment by supporting individualized strategies that reflect the unique needs of each student, following comprehensive schedules for implementation and measurement. The district studies and adapts the best instructional practices modeled by the nation' s top-performing schools and educators, including those in Barrington 220.

The Board of Education balances emollment and facility needs by monitoring demographic shifts and maximizing the efficiency of available classroom spaces to meet the changing needs and population of more than 9,000 students across 72-square-miles.

The Board of Education supports a cohesive strategic planning model that includes stakeholders to identify the community's aspirational values for Barrington 220 schools. This process focuses on the future impact of present decisions rather than simply waiting to make future decisions in reaction to current circumstances.

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The Board of Education promotes social-emotional learning to foster programs and partnerships that encourage the social and emotional growth of all students based on the belief that emotionally competent children are more resilient. Included in these efforts are aggressive campaigns to prevent teen suicide, substance abuse among adolescents and bullying behaviors that can occur at any grade and age level.

FACTORS BEARING ON THE DISTRICT'S FUTURE

Barrington Community Unit School District 220 has maintained a balanced budget over the past sixteen years as is the case again in Fiscal Year 2013. The District continues to achieve State Financial Recognition, however, continued economic stagnation and the uncertainty of education funding in Illinois gives the Board of Education impetus to identify various cost saving measures to maintain fiscal stability on behalf of students, staff and stakeholders in the future.

Pension reform is one area the Board of Education continues to monitor very closely. One provision of the original pension reform package is to shift the State's portion of the normal employer costs to local school districts. If this provision is approved it would have a significant impact on the District's finances. While Barrington 220 keeps a healthy percentage of reserve funds to safeguard against future uncertainties, the Board remains fiscally conservative and is dedicated to preserving a balanced budget.

The District will be implementing a new Student Information System to replace the current service, which had effectively supported data management needs in Barrington 220 for approximately 30 years. Infinite Campus will provide the technology and software to maintain student test and other assessment scores through an electronic grade book, building student schedules, tracking student attendance, recording student fees, and managing many other student-related areas. Transition to the new system began in August 2012.

Technology will continue to be integrated into the classroom at all levels. The District' s PTOs and the Barrington 220 Educational Foundation provide resources to improve the learning environment for all students, including additional resources to augment learning through technology. This support is especially important to instructional technology efforts where each day, the Barrington 220 Technology Department supports more than 4,500 student and staff computers, tablets, netbooks and classroom Smart Boards. By implementing new initiatives, such as the new Digital Age Learning program, whereby most all students will eventually hold an individual devise, the Technology Department continues to ensure instructional technology remains at the forefront of the District's technology plan.

The Barrington Education Association (BEA) teachers' contract expired as of August 31, 2012. District Administration, BEA representatives and the Board of Education have continued negotiations into FY 2013 and ratified a new contract.

The Barrington School Employees Organization (BSEO) contract expired June 30, 2013. BSEO representatives along with members of the Board of Education and Administration continue negotiations.

- 14-


Barrington 220 students continue to be among the highest performing in the region with the vast majority meeting or exceeding state and national academic standards. District residents take pride in the quality and value of the education students receive and staff provide in every grade from pre-kindergarten through graduation. Ninety-five percent of graduates attend college, and national publications such as The Washington

Post, Newsweek and US. News & World Report consistently rank Barrington High School among the best in the nation. In 2013, juniors continue high composite ACT scores on college entrance exams. In addition to maintaining this academic track record, the District and its communities strongly believe social-emotional competency is critical to students' achievement and personal growth. A successful Barrington 220 student demonstrates strong character, independence and resiliency, thinks critically and creatively, solves problems and collaborates effectively throughout society. The tradition of educational excellence continues at Barrington Community Unit School District 220.

REQUESTS FOR INFORMATION

This financial report is designed to provide the District's citizens, taxpayers, investors, and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the money it receives. If you have questions about this report, or need additional financial information, contact the Business Office at: 310 James St., Barrington, IL 60010.

- 1 5 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 STATEMENT OF NET POSITION

Assets

Cash and investments Receivables (net of al lowance for uncollectibles):

Property taxes Replacement taxes Intergovernmental Other

Miscellaneous Deferred charges Capital assets:

Land Construction in progress

AS OF JUNE 30 2013

Depreciable buildings, property and equipment, net

Total assets

Liabilities

Accounts payable Salaries and wages payable Payroll deductions payable Interest payable Unearned revenue Long-term l iabi l ities:

Other long-term l iabil ities - due within one year Other long-term l iabil ities - due after one year

Total l iabi l ities

Net position

Net investment in capital assets Restricted for:

Tort immunity Operations and maintenance Student transportation Retirement benefits Debt service Capital projects

Unrestricted

Total net position

See Notes to Basic Financial Statements

- 16-

GOVERNMENTAL ACTIVITIES

$ 62,362,852

62,855,658 158,561

2,973,380 87,008

(70,770) 303,744

12,036,660 614,592

151.243.047

292,564.732

1,456,546 5,304,133 1,366,598

321,203 62,005,658

12,287,790 64.590,960

147,332.888

89,721,651

330,441 2,246,375 5,271,144 3,450,219 4,239,219 3,900,000

36,072.795

$ 145.231,844

BARRI NGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220

FU NCTIONS/PROGRAMS

Governmental activities Instruction:

Regular programs Special programs Other instructional programs State retirement contributions

Support Services: Pupils Instructional staff General administration School administration Business Transportation Operations and maintenance Central Other supporting services

Community services Payments to other d istricts and

gov't units - excluding special education

Interest and fees

Total governmental activities

STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2013

PROGRAM REVENUE

OPERATING CAPITAL GRANTS CHARGES FOR GRANTS AND AND

EXPENSES SERVICES CONTRIBUTIONS CONTRIBUTIONS

$ 52,989,090 $ 3,232,798 $ 369,896 $ 17,517,736 6,322,604

9,207,703 601,205 577,332 17,983,207 17,983,207

8,219,324 4,962,935 124,920 1,750,069 6,007,461 3,498,128 2,095,954 683,549 8,883,734 35,610 4,364,991

12,007,129 147,973 313,830 6,086,288

265,782 57,594

81,672 4,090,829

� 153,608,681 � 6,1131540 � 301426,499 � 3131830

General revenues: Taxes:

Real estate taxes, levied for general purposes Real estate taxes, levied for specific purposes Real estate taxes, levied for debt service Personal property replacement taxes

State aid-formula grants I nvestment income Miscellaneous

Total general revenues

Change in net position

Net position, beginning of year

Net position, end of year


- 17 -

NET (EXPENSES) REVENUE AND

CHANGES I N NET POS ITION

GOVERNMENTAL

$

ACTIVITIES

(49,386,396) (11,195,132)

(8,029, 166)

(8,219,324) (4,838,015) (1,750,069) (6,007,461)

(718,625) (4,483,133)

(11 ,545,326) (6,086,288)

(265,782) (57,594)

(81 ,672) (4,090,829)

(116,754,812)

85,615,687 19,844,885 13,032,785

821,672 2,102,938

82,915 553 397

122,054,279

5,299,467

139.932.377

$ 14512311844

BARRINGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220

GOVERNMENTAL FUNDS BALANCE SHEET

AS OF JUNE 30, 2013 WITH COMPARATIVE TOTALS AS OF J U NE 30, 2012

OPERATIONS AND MUNICIPAL

MAINTENANCE TRANSPORTATION RETIREMENT/SOCIAL

GENERAL FUND FUND FUND SECURITY FUND

Assets

Cash and investments $ 39,174,623 $ 3,721,269 $ 4,273,318 $ 3,624,958 Receivables (net al lowance for uncollectibles}:

Property taxes 45,912,226 5,035,672 3,117,594 1,928,304 Replacement taxes 158,561 Intergovernmental 1,854,874 1,118,506 Other 67,008

Miscellaneous (70,770)

Total assets � 8710961522 � 8,7561941 � 8,5091418 � 515531262

Liabilities and fund balance

Accounts payable $ 538,697 $ 289,860 $ 4,400 $ Salaries and wages payable 5,304,133 Payroll deductions payable 1,371,753 7,543 (12,698) Deferred revenue 45,078,916 4,916,702 3.044 145 1,879,884

Total l iabil ities 52,293,499 5,214,105 3,048,545 1,867,186

Fund balance

Restricted 330,441 2,246,375 5,271,144 3,450,219 Assigned 1,296,461 189,729 235,857 Unassigned 34,472,582

Total fund balance 34,803,023 3,542,836 5,460,873 3,686,076

Total l iabi l ities and fund balance � 8710961522 � 817561941 � 815091418 � 515531262


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DEBT SERVICE CAPITAL TOTAL FUND PROJECTS FUND 201 3 20 1 2

$ 4,780,365 $ 6,788,319 $ 62,362,852 $ 60,800,853

6,861,862 62,855,658 57,000,566 158,561 146,677

2,973,380 5,090,583 20,000 87,008 101,750

(70,770) (46,956)

$ 11.642.227 $ 6.808.319 $ 128.366,689 $ 123.093,473

$ $ 623,589 $ 1,456,546 $ 1,487,537 5,304,133 4,970,289 1,366,598 1,269,884

6,703,511 382,500 62.005,658 57,639,748

6,703.511 1.006,089 70,132,935 65,367,458

4,560,422 3,900,000 19,758,601 17,338,486 378,294 1,902,230 4,002,571 5,318,434

34,472,582 35,069.095

4,938,716 5,802,230 58,233,754 57,726,015

i 1116421227 � 61808,319 � 1281366,689 � 12310931473

- 1 9 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 RECONCILIATION OF THE GOVERNMENTAL FUNDS

BALANCE SHEET TO THE STATEMENT OF N ET POSITION AS OF JUNE 30, 201 3

Total fund balances - governmental funds

Amounts reported for governmental activities in the Statement of Net Position are different because:

Net capital assets used in governmental activities and included in the Statement of Net Position do not require the expenditure of financial resources and, therefore, are not reported in the Governmental Funds Balance Sheet.

Deferred charges included in the Statement of Net Position are not available to pay for current period expenditures and , therefore, are not included in the Governmental Funds Balance Sheet.

Long-term l iabil ities appl icable to the District's governmental activities are not due and payable in the current period, and accordingly, are not reported as fund l iabi l ities . All l iabil ities, both current and long-term , are reported in the Statement of Net Position. Balances at June 30, 201 3 are:

Bonds payable Unamortized bond refunding amounts Unamortized bond premium OPEB Capital leases Compensated absences

Interest on long-term l iabi l ities accrued in the Statement of Net Position will not be paid with current financial resources and, therefore, is not recognized in the Governmental Funds Balance Sheet.

Net position of governmental activities


- 20 -

$ (7 4,91 5,000) 2,076, 1 43

(1 ,687,335) ( 1 42,580)

(1 , 660, 779) (549.1 99)

$ 58,233,754

1 63,894,299

303,744

(76,878,750)

(321 .203)

$ 1 45231.844

BARRIN GTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220

GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

FOR THE YEAR ENDED JUNE 30, 2013 W ITH COMPARATIVE TOTALS FOR THE YEAR ENDED JUNE 301 2012

OPERATIONS AND MUNICIPAL

MAINTENANCE TRANSPORTATION RETIREMENT/SOCIAL

GENERAL FUND FUND FUND SECURITY FUND

Revenues Property taxes $ 86, 1 89 , 1 28 $ 9,679,552 $ 5,791 ,726 $ 3,800 , 166 Corporate personal property

replacement taxes 706,419 1 1 5,253 State aid 24,406,447 4,364,991 Federal aid 3,757,999 Investment income 53,783 4,645 4,584 4,059 Other 6,552,249 267,256 35 6 1 0

Total revenues 1 21,666,025 9,951,453 1 0,1 96,91 1 3 9 1 9 478

Expenditures Current:

Instruction: Regular programs 49,470,377 870,3 1 4 Special programs 1 3,691 , 1 93 759,795 Other instructional programs 8,928,288 206,730 State retirement contributions 1 7,983,207

Support Services: Pupils 7,840,483 245,535 Instructional staff 4,591 ,444 1 50, 1 94 General administration 1 ,569,687 32 , 1 79 School administration 5,478,864 319 ,392 Business 3,223,020 1 02,779 80, 1 71 Transportation 8,868,71 1 Operations and maintenance 4,356 8,700,800 529,559 Central 4,654,076 302,568 Other supporting services 260,949 1 00 4,733

Community services 53,737 1 ,829 Payments to other districts and gov't units 2,883,692

Debt Service: Principal Interest and other

Capital outlay 1,249,545 432 242 1 5 023

Total expenditures 1 21,882,918 9,235,921 8,883,734 3,502,999 Excess (deficiency) of revenues over expenditures (21 6,893) 71 5,532 1 31 3 1 77 4 1 6 479

Other financing sources (uses) Transfers in Transfers (out) ( 1 , 1 50,650) Principal on bonds sold Premium on bonds sold Accrued interest on bonds sold Capital lease value 944 , 1 93 Issuance costs on bonds sold

Total other financing sources (uses) (206,457)

Net change in fund balance (423,350) 71 5,532 1 ,3 13, 1 77 416 ,479

Fund balance, beginning of year 35,226,373 2,827,304 4 1 47 696 3,269,597

Fund balance, end of year $ 3418031023 � 315421836 � 5,4601873 � 3!6861076


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DEBT SERVICE CAPITAL TOTAL FUND PROJECTS FUND 201 3 2012

$ 1 3,032,785 $ $ 1 1 8,493,357 $ 1 1 7,940,077

821 ,672 804 , 183 28,771 ,438 26, 1 64,309

3,757,999 4,926,790 4,599 1 1 ,245 82,91 5 88,995

552 1 25 1 00 6,980,767 5,988,033

1 3,037,936 1 36 345 1 58,908,148 1 55,91 2,387

50,340,691 47,883,771 1 4,450,988 1 4,253,007

9, 1 35,0 1 8 8,530,798 1 7,983,207 1 5,386,880

8,086,01 8 8,027,593 4,741 ,638 4,855,647 1 ,601 ,866 1 ,580,848 5,798,256 5,461 ,765 3,405,970 3,449,562 8,868,71 1 1 0,032,946

9,805 9,244,520 8,432 , 1 1 2 4,956,644 4,970,034

265,782 280,681 55,566 40,202

2,883,692 2,244 , 1 76

1 1 , 1 2 1 ,530 1 1 , 1 2 1 ,530 9,449,728 3,998, 1 22 3,998 , 1 22 4,355,055

1,579,573 3,276,383 4 487 741

1 5,1 1 9,652 1 .589,378 1 60,21 4,602 1 53,722,546 (2,081.716) (1 ,453,033) (1,306,454) 2,1 89,841

1 , 1 50,650 1 ' 1 50,650 6,351 ,735 (1 ' 1 50,650) (6,351 ,735)

870,000 870,000 2 ,240,000 56,277

3,9 1 8 944 , 193 1 , 1 52,573

(61,277)

2.020,650 1 8 1 4 1 93 3,391,491

(61 ,066) ( 1 ,453,033) 507,739 5,581 ,332

4,999,782 7,255,263 57,726,01 5 52,1 44,683

� 4,938?1 6 � 5,8021230 i 58,233?54 � 571726101 5

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BARRINGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220 RECONCILIATION OF THE GOVERNMENTAL FUNDS

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVIT IES

FOR THE YEAR ENDED JUNE 30, 2013

Net change in fund balances - total governmental funds

Amounts reported for governmental activities in the Statement of Activities are different because:

Governmental funds report capital outlay as expenditures. However, in the Statement of Activities, the cost of these assets is allocated over their estimated useful l ives and reported as depreciation expense. This is the amount by which depreciation expense exceeds current year net capital outlay in the current period .

The net effect of various m iscel laneous transactions involving capital assets (sale, disposal, transfer, etc.) is to decrease net position.

The issuance of long-term debt (bonds, capital leases, etc.) provides current financial resources to the governmental funds, while its principal repayment consumes current financial resources of the governmental funds. Neither transaction, however, has any effect on net position. This is the amount by which current year principal repayments exceeded proceeds from current year longterm financing arrangements.

Governmental funds report the effects of issuance costs, premiums, d iscounts and sim ilar items when the debt is issued . However, these amounts are deferred and amortized in the Statement of Activities. This is the amount of the current year, net effect of these d ifferences.

In the Statement of Activities, operating expenses are measured by the amounts incurred during the year. However, certain of these items are included in the governmental funds only to the extent that they require the expenditure of current financial resources:

Interest payable $ Compensated absences Other post em ployment benefit obligation

Change in net position of governmental activities


- 23-

32,167 (87,462) (21 .773)

$

$

507,739

(4,129,048)

(184,619)

9,307,337

(124,874)

(77.068)

5.299.467

BARRIN GTON COMMUNITY U N IT SCHOOL DISTRICT NO. 220

AGENCY FUND

Assets

Cash and investments

Total assets

Liabilities

Due to student groups

Total l iabi l ities

STATEMENT OF FIDUCIARY ASSETS AND LIABILIT IES AS OF JUNE 30, 201 3


- 24 -

AGENCY STUDENT ACTIVITY

FUND

$ 1 .404.1 47

$ 1 .404.1 47

$ 1 .404.1 47

$ 1 .404.1 47

BARRINGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220 NOTES TO BASIC FINANCIAL STATEMENTS


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Barrington Community Unit School District No. 220 (the "District") operates as a public school system governed by a seven-member board. The District is located in the Northwest suburbs of Chicago in portions of Cook, Kane, Lake and McHenry Counties. The District maintains a current enrollment of 9,000 students from the 72 square mile area that it serves . The District's boundaries include all or portions of the communities of Barrington, Barrington Hills, Carpentersville, Deer Park, Hoffman Estates, Inverness, Lake Barrington, North Barrington, South Barrington, Fox River Grove, Port Barrington and Tower Lakes. The District is organized under the School Code of the State of Illinois, as amended. The accounting policies of the District conform to accounting principles generally accepted in the United States of America, as applicable to local governmental units of this type. The following is a summary of the more significant accounting policies of the District:

Basis of Presentation

Government-wide Financial Statements

The government-wide fmancial statements (i.e . , the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the District. The effect of interfund activity has been removed from these statements. The District's operating activities are all considered "governmental activities", that is, activities normally supported by taxes and intergovernmental revenues. The District has no operating activities that would be considered "business activities" .

The statement of activities demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function. Program revenues include: ( 1 ) amounts paid by the recipient of goods or services offered by the program and (2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function. Taxes and other items not properly included among program revenues are reported instead as general revenues.

Governmental Funds Financial Statements

Governmental funds financial statements are organized and operated on the basis of funds and are used to account for the District's general governmental activities . Fund accounting segregates funds according to their intended purpose, and is used to aid management in demonstrating compliance with finance-related legal and contractual provisions. A fund is an independent fiscal and accounting entity with a selfbalancing set of accounts that comprise its assets, liabilities, reserves, fund balance, revenues and expenditures. The minimum number of funds is maintained consistent with legal and managerial requirements.

Separate financial statements are provided for all governmental funds and fiduciary funds; the fiduciary funds are excluded from the government-wide financial statements.

Measurement Focus and Basis of Accounting

The government-wide financial statements are reported using the economic resources measurement focus, while the fiduciary fund statements do not have a measurement focus. The government-wide financial statements and the fiduciary fund financial statements are reported using the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue when all eligibility requirements have been met.

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BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220 NOTES TO BASIC F INANCIAL STATEMENTS

AS OF AND FOR THE YEAR ENDED J UNE 30, 201 3

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (CONTINUED)

Governmental fund financial statements are reported using the flow of current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized when they are both "measurable and available" . "Measurable" means that the amount of the transaction can be determined, and "available" means collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the District generally considers all revenues available if they are collected within 60 days after year-end unless unusual circumstances exist. Expenditures are recorded when the related fund liability is incurred. However, expenditures for unmatured principal and interest on general long-term debt are recognized when due; and certain compensated absences, claims and judgments are recognized when the obligations are expected to be liquidated with expendable available financial resources.

Major Governmental Funds

General Fund - the general operating fund of the District. It accounts for all financial resources except those required to be accounted for in another fund. This fund is primarily used for most of the instructional and administrative aspects of the District's operations. Revenues consist largely of local property taxes and state government aid.

Special Revenue Funds - account for the proceeds of specific revenue sources that are legally restricted or committed to expenditures for specified purposes, other than those accounted for in the Debt Service Fund, Capital Projects Funds or Fiduciary Funds.

Operations and Maintenance Fund - accounts for expenditures made for repair and maintenance of the District's buildings and land. Revenue consists primarily of local property taxes .

Transportation Fund - accounts for all revenue and expenditures made for student transportation. Revenue is derived primarily from local property taxes and state reimbursement grants.

Municipal Retirement I Social Security Fund - accounts for the District's portion of pension contributions to the Illinois Municipal Retirement Fund, payments to Medicare, and payments to the Social Security System for non-certified employees. Revenue to finance the contributions is derived primarily from local property taxes and personal property replacement taxes.

Debt Service Fund - accounts for the accumulation of resources that are restricted, committed, or assigned for, and the payment of, long-term debt principal, interest and related costs. The primary revenue source is local property taxes levied specifically for debt service and operating transfers from other funds.

Capital Projects Funds - accounts for the financial resources that are restricted, committed, or assigned to be used for construction projects and renovations financed through serial bond issues and transfers from other funds.

Capital Projects Fund - accounts for construction projects and renovations financed through serial bond issues and transfers from other funds.

Other Fund Types

Fiduciary Funds - account for assets held by the District in a trustee capacity or as an agent for individuals, private organizations, other governments or other funds.

- 26 -

BARRI N GTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 NOTES TO BASIC F INANCIAL STATEMENTS



Agency Funds - include Student Activity Funds, Convenience Accounts and Other Agency Funds. These funds are custodial in nature and do not present results of operations or have a measurement focus. Although the Board of Education has the ultimate responsibility for Activity Funds, they are not local education agency funds. Student Activity Funds account for assets held by the District which are owned, operated and managed generally by the student body, under the guidance and direction of adults or a staff member, for educational, recreational or cultural purposes. Convenience Accounts account for assets that are normally maintained by a local education agency as a convenience for its faculty, staff, etc.

On-behalf payments (payments made by a third party for the benefit of the district, such as payments made by the state to the Teachers' Retirement System) have been recognized in the financial statements.

Property taxes, replacement taxes, certain state and federal aid, and interest on investments are susceptible to accrual. Other receipts become measurable and available when cash is received by the District and recognized as revenue at that time.

Grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant. Accordingly, when such funds are received, they are recorded as deferred revenues until earned.

All Financial Statements

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/ expenses during the reporting period. Actual results could differ from those estimates.

Assets, Liabil ities and Net Position or Equity

Deposits and Investments

State statutes authorize the District to invest in obligations of the U.S. Treasury, certain highly-rated commercial paper, corporate bonds, repurchase agreements, and the State Treasurer's Investment Pool. Investments are stated at fair value. Changes in fair value of investments are included as investment mcome.

Receivables and Payables

Transactions between funds that are representative oflending/borrowing arrangements outstanding at the end of the fiscal year are referred to as "due to/from other funds". These amounts are eliminated in the governmental activities column in the statement of net position. Receivables are expected to be collected within one year.

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BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 NOTES TO BASIC FINANCIAL STATEMENTS


NOTE 1 · SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES · (CONTINUED)

Deferred Revenue

Governmental funds report deferred revenue in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Property taxes levied for the subsequent year are not earned and cannot be used to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in connection with resources that have been received, but not yet earned. At the end of the current fiscal year, the various components of deferred revenue and unearned revenue reported in the governmental funds were as follows:

Property taxes receivable for subsequent year Local receipts collected for subsequent year

Total

Property Tax Revenues

Unearned

$ 61 ,396,779 608 879

The District must file its tax levy resolution by the last Tuesday in December of each year. The District's 2012 levy resolution was approved during the November 13 , 2012 board meeting. The District's property tax is levied each year on all taxable real property located in the District and it becomes a lien on the property on January 1 of that year. The owner of real property on January 1 in any year is liable for taxes of that year.

The tax rate ceilings are applied at the fund level. These ceilings are established by state law subject to change only by the approval of the voters of the District.

The PTELA limitation is applied in the aggregate to the total levy (excluding certain levies for the repayment of debt). PTELA limits the increase in total taxes billed to the lessor of 5% or the percentage increase in the Consumer Price Index (CPI) for the preceding year. The amount can be exceeded to the extent there is "new growth" in the District's tax base. The new growth consists of new construction, annexations and tax increment finance district property becoming eligible for taxation. The CPI rates applicable to the 2012 and 201 1 tax levies were 3 .0% and 1 .5%, respectively.

Property taxes are collected by the County Collector/Treasurer, who remits to the District its share of collections. Taxes levied in one year become due and payable in two equal installments: the first due on April 1 (Cook County) and June 1 (other counties) and the second due on the later of August 1 or 30 days after the second installment tax bill is mailed (typically, this is due late August or early September). For Cook County, the first installment is an estimated bill, and is 55% of the prior year's tax bill. The second installment is based on the current levy, assessment and equalization, and any changes from the prior year will be reflected in the second installment bill. In other counties, bills are payable in two equal installments. Property taxes are normally collected by the District within 60 days of the respective installment dates.

The 2012 property tax levy is recognized as a receivable in fiscal 2013, net of estimated uncollectible amounts approximating 1%. The District considers that the first installment of the 2012 levy is to be used to finance operations in fiscal 2013 . The District has determined that the second installment of the 2012 levy is to be used to finance operations in fiscal 2014 and has deferred the corresponding receivable .

- 28 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT N O. 220 NOTES TO BASIC FINANCIAL STATEMENTS


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - {CONTINUED)

Personal Property Replacement Taxes

Personal property replacement taxes are first allocated to the Municipal Retirement I Social Security Fund, and the balance is allocated to the remaining funds at the discretion of the District.

Capital Assets

Capital assets, which include land, land improvements, buildings, vehicles, equipment and construction in progress are reported in the government-wide financial statements. Capital assets are defined by the District as assets with an initial individual cost of more than $1 , 500 and an estimated useful life of more than 1 year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair value at the date of donation.

Depreciation of capital assets is provided using the straight-line method over the following estimated useful lives :

Assets

Buildings Land improvements Vehicles Equipment

Years

50 20 8

5-1 5

In the fund financial statements, capital assets used in governmental fund operations are accounted for as capital outlay expenditures of the governmental fund upon acquisition.

Compensated Absences

Under terms of employment, employees are granted sick leave and vacations in varying amounts. Only benefits considered to be vested are disclosed in these statements.

All vested vacation and sick leave pay is accrued when incurred in the government-wide financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements, or are payable with expendable available resources .

Payments for vacation and sick leave will be made at rates in effect when the benefits are used. Accumulated vacation and sick leave liabilities at June 30, 2013 are determined on the basis of current salary rates and include salary related payments.

All employees receive a minimum of twelve sick days annually with actual amounts varying based on years of service with the District. Unused sick days accumulate and are carried forward. The District does not reimburse employees for unused sick days remaining upon termination of employment. The experience of the District indicates that some accumulated sick leave will be paid during the term of the employment out of future tax collections and therefore has not been reported as a current liability of the Governmental Funds. This amount does not exceed a normal year's accumulation and is not material to entity wide statements.

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BARRINGTON COMMUN ITY U N IT SCHOOL DISTRICT NO. 220 NOTES TO BASIC FINANCIAL STATEMENTS


NOTE 1 · SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES · (CONTINUED)

Non-certified employees earn vacation days based upon years of service. Accumulated unpaid employee vacation that was earned prior to the current fiscal year but unused at the end of the current fiscal year totaled $549, 199 and is recorded in the entity wide statements. Certified employees cannot carry over vacation days. Non-certified employees may carry over up to 50 vacation days except for employees with 25 years or more of service, who can carry over up to 60 vacation days.

Long-Term Obligations

In the government-wide fmancial statements, long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the applicable bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt.

In the fund financial statements, governmental funds recognize bond premiums and discounts, as well as bond issuance costs, during the period incurred. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Equity Classifications

Equity is classified as net position in the government-wide financial statements and displayed in three components:

Net investment in capital assets - Consists of capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction, or improvement of those assets less than any unspent debt proceeds.

Restricted net position - Consists of net position with constraints placed on its use either by 1 ) external groups such as creditors, grantors, contributors, or laws or regulations of other governments or, 2) law through constitutional provisions or enabling legislation.

Unrestricted net position - All other net position that does not meet the definition of "restricted" or "net investment in capital assets . "

When both restricted and unrestricted resources are available for use, it is the District's policy to use restricted resources first and then unrestricted resources.

Equity is classified as fund balance in the fund financial statements and displayed in five components :

Nonspendable - includes amounts not in spendable form, such as inventory, or amounts required to be maintained intact legally or contractually (principal endowment) (e.g. inventory, pre-paid items, permanent scholarships).

Restricted - includes amounts constrained for a specific purpose by external parties (e.g. Debt Service, Capital Projects, State and Federal Grant Funds).

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BARRINGTON COM MUNITY U N IT SCHOOL DISTRICT NO. 220 NOTES TO BASIC FINANCIAL STATEMENTS



Committed - includes amounts constrained for a specific purpose by a government using its highest level of decision making authority, the Board of Education. This formal action (a resolution) must occur prior to the end of the reporting period, but the amount of the commitment, which will be subject to the constraints, may be determined in the subsequent period. Any changes to the constraints imposed require the same formal action of the Board of Education that originally created the commitment.

Assigned - includes general fund amounts constrained for a specific purpose by the Board of Education or by an official that has been delegated authority to assign amounts. The Board of Education may also take official action to assign amounts. Additionally, all remaining positive spendable amounts in governmental funds, other than the General Fund, that are neither restricted nor committed are considered assigned. Assignments may take place after the end ofthe reporting period.

Unassigned - includes residual positive fund balance within the General Fund which has not been classified within the other above mentioned categories. Unassigned fund balance may also include negative balances for any governmental fund if expenditures exceed amounts restricted, committed or assigned for those specific purposes.

In circumstances where an expenditure is to be made for a purpose for which amounts are available in multiple fund balance classifications, the order in which resources will be expended as follows: unassigned fund balance, assigned fund balance, committed fund balance, and lastly, restricted fund balance.

The District has a formal minimum fund balance policy in order to operate the schools and provide the highest quality educational programs possible, consistent with the financial resources available.

Governmental fund balances reported on the fund financial statements at June 30, 2013 are as follows:

The restricted fund balance in the General Fund is comprised solely for tort immunity. The remaining restricted fund balances and all assigned fund balances are for the purpose of the respective funds as described above in the Major Governmental Funds section.

Comparative Data

The financial statements include summarized prior-year comparative information. Such information does not include sufficient detail to constitute a presentation in conformity with accounting principles generally accepted in the United States of America. Accordingly, such information should be read in conjunction with the District's financial statements for the year ended June 30, 2012, from which such summarized information was derived.

Eliminations and Reclassifications

In the process of aggregating data for the government-wide financial statements, some amounts reported as interfund activity and balances were eliminated or reclassified.

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NOTE 2 - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY

Excess of Expenditures over Budget

For the year ended June 30, 2013 , expenditures exceeded budget in the General Fund, Operations and Maintenance Fund, Transportation Fund, Municipal Retirement/Social Security Fund, Debt Service Fund, and Capital Projects Fund by $1 ,973,788, $534,621 , $103,358, $2,999, $ 1 ,380,262 and $57,912, respectively. These excesses were funded by available fund balances.

NOTE 3 • CHANGES IN ACCOUNTING PRINCIPLES

In June 201 1 , the GASB issued statement No. 63 - Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position. This statement provides financial reporting guidance for deferred outflows of resources and deferred inflows of resources. Previous financial reporting standards did not include guidance for these elements, which are distinct from assets and liabilities. The District made the decision to implement this standard effective July 1 , 2012.

NOTE 4 • DEPOSITS AND INVESTMENTS

At year end, the District's cash and investments were comprised of the following:

Government-wide Fiduciary Total

Cash and investments $ 62,362,852 § 1,404,1 47 § 63,766,999

Total $ 62,3621852 � 1140411 47 � 63,7661999

For disclosure purposes, this amount is segregated into the following components: 1) cash on hand 2) deposits with financial institutions, which include amounts held in demand accounts, savings accounts and non-negotiable certificates of deposit; and 3) other investments, which consist of all investments other than certificates of deposit, as follows:

Cash on hand Deposits with financial institutions Other investments - ISDLAF+ Other investments - ISDLAF Term Series

Total

$

§

Cash and investments

1 1 ,320 24,070,673

7,696,706 31,988,300

63,7661999

Interest Rate Risk. Interest rate risk is the risk that changes in interest rates will adversely affect the value of an investment. The District's investment policy does not limit investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. However, the policy requires the District's investment portfolio to be sufficiently liquid to enable the District to meet all operating requirements as they come due. The District's investments in ISDLAF Term Series are entirely due within one year.

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BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220 NOTES TO BASIC FINANCIAL STATEMENTS


NOTE 4 · DEPOSITS AND INVESTMENTS · (CONTINUED)

The Illinois School District Liquid Asset Fund Plus (ISDLAF+) is a not-for-profit investment trust formed pursuant to the Illinois Municipal Code and managed by a Board of Trustees elected from participating members . The trust is not registered with the SEC as an investment company. Investments are rated AAAm and are valued at share price, which is the price for which the investment could be sold.

Custodial Credit Risk - Deposits. With respect to deposits, custodial credit risk refers to the risk that, in the event of a bank failure, the District's deposits may not be returned to it. The District's investment policy limits the exposure to deposit custodial credit risk by requiring all deposits in excess of FDIC insurable limits to be secured by collateral in the event of default or failure of the financial institution holding the funds. As of June 30, 2013 , the bank balance of the District's deposit with financial institutions totaled $30,545,088; the entire balance was collateralized or insured.

Separate cash and investment accounts are not maintained for all District funds; instead, the individual funds maintain their invested and uninvested balances in the common checking and investment accounts, with accounting records being maintained to show the portion of the common account balance attributable to each participating fund.

Occasionally certain funds participating in the common bank accounts will incur overdrafts (deficits) in the account. The overdrafts result from expenditures that have been approved by the Board of Education.

NOTE 5 · INTERFUND TRANSFERS

During the year, the Board of Education transferred $1 , 150,650 from the General Fund to the Debt Service Fund to support the payment of capital lease principal and interest

State law allows for the above transfer.

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BARRINGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220 NOTES TO BASIC FINANCIAL STATEMENTS


NOTE 6 · CAPITAL ASSETS

Capital asset activity for the District for the year ended June 30, 2013 , was as follows:

Beginning Ending Balance Increases Decreases Balance

CaQital assets not being deQreciated: Land $ 1 2,036,660 $ $ $ 1 2,036,660 Construction in progress 1,603,1 78 61 4,592 1,603,1 78 61 4,592

I

Total capital assets not being depreciated 1 3,639,838 61 4,592 1,603,1 78 1 2.651,252

CaQital assets being deQreciated: Land im provements 6,01 8, 1 09 1 4,654 6,032,763 Buildings 21 9,344,251 1 , 1 53,241 3 1 ,230 220,466,262 Equipment 1 7,031 ,443 1 , 1 35,585 1 ,770,096 1 6,396,932 Vehicles 888,633 26,931 91 5,564

Total capital assets being depreciated 243,282,436 2,330,41 1 1,801,326 243,81 1,521

Less Accumulated DeQreciation for: Land im provements 4,936,345 87,634 5,023,979 Buildings 71 ,089,407 4,863, 1 76 75,952,583 Equipment 1 1 ,941 ,363 475, 1 93 1 ,61 6,707 1 0,799,849 Vehicles 747 1 93 44 870 792,063

Total accum ulated depreciation 88,714,308 5,470,873 1 6 16 707 92,568,474

Net capital assets being depreciated 1 54,568,1 28 (3,1 40,462) 1 84 61 9 1 51,243,047

Net governmental activities capital assets $ 1 68.207.966 $ (2,525.870) $ 1 .787,797 $ 1 63,894.299

Depreciation expense was recognized in the operating activities of the District as follows:

Governmental Activities Dee_reciation

Regular programs $ 2,457,91 0 Special programs 223,208 Pupils 1 28,861 Instructional staff 1 92,792 General administration 94,945 School administration 1 1 6,81 2 Business 84,307 Facilities acquisition 2,054,599 Operations and maintenance 1 1 7 439

Total depreciation expense - governmental activities � 5,4701873

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BARRINGTON COM M U N ITY UN IT SCHOOL DISTRICT NO. 220 NOTES TO BASIC FINANCIAL STATEMENTS


NOTE 7 · OPERATING LEASES

The District leases equipment under noncancelable operating leases. Total costs for such leases were $270,815 for the year ended June 30, 2013 . At June 30, 2013 , future minimum lease payments for these leases are as follows:

201 4 201 5 201 6

Total

Year Ending June 30,

NOTE 8 · LONG TERM LIABILITIES

$

$

Amount

1 1 3,847 1 1 3,847

3 391

231.085

Changes in General Long-term Liabilities. The following is the long-term liability activity for the District for the year ended June 30, 2013 :

Beginning Ending Due Within Balance Additions Deletions Balance One Year

General obligation bonds $ 84,040,000 $ 870,000 $ 9,995,000 $ 74,91 5,000 $ 1 1 , 1 45,000 Deferred amount on

refunding (2,665,978) (589,835) (2,076, 1 43) Unamortized premium 2,241,234 553,899 1,687,335

Total bonds payable 83,61 5,256 870,000 9,959,064 74,526,1 92 1 1,1 45,000 Capital leases 1 ,843, 1 1 6 944, 1 93 1 , 1 26,530 1 ,660,779 81 3,271 OPEB obl igation 1 20,807 1 1 9,496 97,723 1 42,580 Compensated absences 461 737 635,482 548,020 549 1 99 329,51 9

Total long-term liabi lities -

governmental activities � 86,040191 6 � 2156911 71 � 1 117311337 � 76,8781750 � 1 212871790

The obligations for the OPEB and compensated absences will be repaid from the General Fund.

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NOTE 8 · LONG TERM LIABILITIES - (CONTINUED)

General Obligation Bonds. General obligation bonds are direct obligations and pledge the full faith and credit of the District. General obligation bonds currently outstanding are as follows:

Purpose

Series 1 998 General Obligation Bu ilding Bonds dated April 1 , 1 998 are due in annual instal l ments through December 1 ' 201 7

Series 2002 General Obl igation Refunding Bonds dated August 1 , 2002 are due in annual installments through December 1 , 2020

Series 2004 General Obl igation Refunding Bonds dated February 1 , 2004 are due in annual installments through Decem ber 1 , 201 5

Series 2004 General Obl igation Refund ing Bonds dated March 1 , 2004 are due in annual installments through December 1 , 201 6

Series 2007 General Obl igation Building Bonds dated August 2, 2007 are due in annual instal lments through December 1 , 2026

Series 2008 General Obl igation Refund ing Bonds dated April 7, 2008 are due in annual i nstallments through December 1 , 201 6

Series 2009 General Obl igation Limited Tax Bonds dated January 8, 2009 are due in annual installments through December 1 , 201 3

Series 201 2 General Obl igation Limited Tax School Bonds dated May 9, 201 2 are due in annual instal lments through July 1 , 201 4

Series 201 2 General Obligation Refunding Bonds dated December 27, 201 2 are due in annual instal lments through December 1 , 2020

Total

Original Interest Rates Indebtedness

4.05% - 6.30% $ 72, 1 1 0,000

2.00% - 5.25% 28, 1 95,000

1 .50% - 5.00% 29,045,000

1 .00% - 5.00% 1 6,91 0,000

4 . 100% -4.375% 4,400,000

3.50% 8,865,000

2.50% - 4.00% 7,385,000

1 .625% -1 .750% 2,240,000

1 .380% 870,000

� 1 7010201000

$

m

Carrying Amount

8,855,000

27,435,000

9,405,000

1 6,620,000

3,625,000

4,530,000

1 ,600,000

1 ,975,000

870 000

74,91 51000

During the year, the District issued $870,000 in General Obligation Bonds with an average interest rate of 1 .38% to refund $410,000 of outstanding April l , 1998 Series bonds with interest rates between 4.05% and 6.30% and to refund $425,000 of outstanding December 1 , 2000 Series bonds with interest rates between 5 .375% and 6.00%.

The District refunded the April 1 , 1998 Series bonds and December 1 , 2000 Series bonds to reduce its total debt service payments over the next 8 years by $134,075 . This transaction resulted in an economic gain (difference between the present values of the debt service payments on the old and new debt) of $122,038.

In prior years, the District defeased certain general obligation and other bonds by placing the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the District's financial statements. At June 30, 2013 , $28,390,000 ofbonds outstanding are considered defeased.

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NOTE 8 - LONG TERM LIABILITIES - (CONTINUED)

Annual debt service requirements to maturity for general obligation bonds are as follows for governmental type activities:

Principal Interest Total

201 4 $ 1 1 ' 1 45,000 $ 3,490,466 $ 1 4,635,466 201 5 7,820,000 3,080,374 1 0,900,374 201 6 8,1 95,000 2,704,690 1 0,899,690 201 7 8,51 0,000 2,31 3,073 1 0,823,073 201 8 9 , 1 55,000 1 ,827,236 1 0,982,236 201 9 - 2023 28,535,000 2,51 8,871 31 ,053,871 2024 - 2027 1,555,000 1 60,235 1,71 5,235

Total $ 74191 51000 � 1 6,0941945 � 9110091945

The District is subject to the Illinois School Code, which limits the amount of certain indebtedness to 13 .8% of the most recent available equalized assessed valuation of the District. As of June 30, 2013, the statutory debt limit for the District was $396,234,947, providing a debt margin of $319,659, 168. There are numerous covenants with which the District must comply in regard to these bond issues. As of June 30, 2013, the District was in compliance with all significant bond covenants, including federal arbitrage regulations.

Capital Leases. The District has entered into lease agreements as lessee for financing the acquisition of equipment. These lease agreements qualify as capital leases for accounting purposes and, therefore, the obligations have been recorded at the present value of the future minimum lease payments as of the inception date . The individual assets acquired under these leases are below the District's capitalization threshold. The obligations for the capital leases will be repaid from the Debt Service Fund. The future minimum lease obligations and the net present value of these minimum lease payments as of June 30, 2013, are as follows:

201 4 201 5 201 6 201 7 201 8 Total m in imum lease payments Less: amount representing interest

Present value of m in imum lease payments

- 37 -

$

$

Amount

828,348 604,861 239,000

8,991 5 246

1 ,686,446 (25,667)

11660,779

BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220 NOTES TO BASIC FINANCIAL STATEMENTS


NOTE 9 - RISK MANAGEMENT

The District is exposed to various risks ofloss related to employee health benefits; workers' compensation claims; theft of, damage to, and destruction of assets; and natural disasters . To protect from such risks, the District participates in the Collective Liability Insurance Cooperative (CLIC), a public entity risk pool for property damage, workers' compensation claims, and injury claims and the Northern Illinois Health Insurance Pool (NIHIP), a public entity risk pool for medical insurance. The District pays annual premiums to CLIC and monthly premiums to NIHIP for insurance coverage. The arrangements with the pools provide that each will be self-sustaining through member premiums and will reinsure through commercial companies for claims in excess of certain levels established by the pools . Participation in NIHIP began on September 1 , 201 1 , replacing the District's self-insured medical coverage. There have been no significant reductions in insurance coverage in any of the past three fiscal years .

NOTE 1 0 - OTHER POST -EMPLOYMENT BENEFITS

Teachers' Health Insurance Security

The District participates in the Teacher Health Insurance Security (THIS) Fund, a cost-sharing, multipleemployer defined benefit postemployment healthcare plan that was established by the Illinois legislature for the benefit of Illinois public school teachers employed outside the city of Chicago. The THIS Fund provides medical, prescription, and behavioral health benefits, but does not provide vision, dental, or life insurance benefits to annuitants of the Teachers' Retirement System (TRS). Annuitants may participate in the state administered participating provider option plan or choose from several managed care options.

The State Employees Group Insurance Act of 1971 ( 5 ILCS 3 7 5) outlines the benefit provisions of THIS Fund and amendments to the plan can be made only by legislative action with the Governor's approval. Effective July 1 , 2012, in accordance with Executive Order 12-01 , the plan is administered by the Illinois Department of Central Management Services (CMS) with the cooperation ofTRS. Section 6.6 ofthe State Employees Group Insurance Act of 1971 requires all active contributors to TRS who are not employees of the state to make a contribution to THIS Fund.

The percentage of employer required contributions in the future will not exceed 105 percent of the percentage of salary actually required to be paid in the previous fiscal year.

On Behalf Contributions to THIS Fund. The State of Illinois makes employer retiree health insurance contributions on behalf of the District. State contributions are intended to match contributions to THIS Fund from active members which were 0.92 percent of pay during the year ended June 30, 2013 . State of Illinois contributions were $574,723, and the District recognized revenues and expenditures of this amount during the year.

State contributions intended to match active member contributions during the years ended June 30, 2012 and June 30, 201 1 were 0.88 percent of pay. For these years, state contributions on behalf of District employees were $533,060 and $5 18,754, respectively.

Employer Contributions to THIS Fund. The District also makes contributions to THIS Fund. The employer THIS Fund contribution was 0.69 percent during the year ended June 30, 201 3 and 0.66 percent during the years ended June 30, 2012 and 201 1 . For the years ended June 30, 2013 , 2012 and 201 1 the District paid $43 1 ,042, $399,795 and $389,065 to the THIS Fund, respectively, which was 100 percent of the required contribution for those years.

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AS OF AND FOR THE YEAR ENDED JUNE 30 201 3

NOTE 1 0 - OTHER POST-EMPLOYMENT BENEFITS - (CONTINUED)

The publicly available financial report of the THIS Fund may be found on the website of the Illinois Auditor General: http:/ /www.auditor.illinois.gov I Audit-Reports/ ABC-List. asp. The 201 3 report is listed under "Central Management Services ." Prior reports are available under "Healthcare and Family Services. "

Retiree Healthcare and Life Insurance Benefit Program

The District administers a single-employer defined benefit healthcare and life insurance benefit plan ("the Retiree Healthcare and Life Insurance Benefit Program"). The plan provides for non-certified employees receiving a pension under IMRF and their dependents as required by Illinois Public Act 86-1444 at blended premium rates. This results in other post-employment benefits for the retirees, commonly referred to as an implicit rate subsidy. In addition, under a previously offered early retirement package, certain retired employees receive life insurance until death. The Retiree Healthcare and Life Insurance Benefit Program does not issue a publicly available financial report.

Contribution requirements are established through personnel policy guidelines and may be amended by the action of the governing body. Retirees are responsible for paying 100% of the blended rate premium to remain on the District's healthcare insurance. The District is responsible for payment 100% of the premium for the life insurance. For the health insurance plan, all claims in excess of premiums paid are paid by the district. For fiscal year 2013, the District contributed $83,272 and implicitly contributed $ 14,45 1 to the life insurance plan and health insurance plan.

The District's annual other postemployment benefit (OPEB) cost (expense) is calculated based on the annual required contribution of the employer (ARC) The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. The following table shows the components of the District's annual OPEB cost for the year, the amount actually contributed to the Retiree Healthcare and Life Insurance Benefit Program, and changes in the District's net OPEB obligation to the Retiree Healthcare and Life Insurance Benefit Program:

Annual required contribution Interest on net OPEB obligation Adjustment to annual required contribution

Annual OPEB cost Contributions made

Increase in net OPEB obligation (asset)

Net OPEB Obligation (Asset) - Beginning of Year

Net OPEB Obligation (Asset) - End of Year

- 39 -

$

$

1 1 8,373 5,436

(4.3 1 3)

1 1 9,496 (97.723) 21 ,773

1 20 807

1 42,580

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT N O. 220 NOTES TO BASIC FINANCIAL STATEMENTS



The District's annual OPEB cost, the percentage of annual OPEB cost contributed to the Retiree Healthcare and Life Insurance Benefit Program, and the net OPEB obligation for June 30, 2013 and the two preceding years are as follows:

Percentage of Annual OPES Net OPES

Annual OPES Cost Obligation Fiscal Year Ended Cost Contributed (Asset)

June 30, 201 3 $ 1 1 9,496 81 .78 % $ 1 42,580 June 30, 201 2 1 1 9,533 90.78 % 1 20,807 June 30, 201 1 1 1 6,002 91 .53 % 1 09,781

The funded status of the Retiree Healthcare and Life Insurance Benefit Program as of July 1 , 2012, the most recent actuarial valuation date, is as follows:

Actuarial accrued l iabi l ity (AAL) $ 1 ,321 , 1 05 Actuarial value of plan assets

Unfunded Actuarial Accrued Liabil ity (UAAL) $ 1,321,1 05

Funded ratio (actuarial value of plan assets/AAL) -%

Covered payroll (active plan members) $ 1 2,559,309

UAAL as a percentage of covered payroll 1 0.52%

Actuarial valuations of an ongoing plan involve estimates for the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents multiyear trend information that shows whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits.

Projections of benefits for financial reporting purposes are based on the substantive plan (the plan is understood by the employer and plan members) and include the type ofbenefits provided at the time of each valuation and the historical pattern of sharing benefit costs between the employer and plan members to that point. The methods and assumptions used include techniques that are designed to reduce short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective ofthe calculations.

- 40 -




In the July 1, 2012 actuarial valuation, the entry age actuarial cost method was used. The actuarial assumptions include a 4.5 percent investment rate of return and an annual healthcare cost trend rate of 6.28 percent initially, reduced by decrements to an ultimate rate of 4.5 percent after 8 years. Both rates include a 4.0 percent inflation assumption. The actuarial value of the Retiree Healthcare and Life Insurance Benefit Program assets was determined using techniques that spread the effects of short-term volatility in the market value of investments over a three-year period. The Retiree Healthcare and Life Insurance Benefit Program's unfunded actuarial accrued liability is being amortized as a level of percentage of projected payroll on an open basis. The remaining amortization period at June 30, 201 3 is 30 years.

NOTE 1 1 - RETIREMENT SYSTEMS

The retirement plans of the District include the Teachers' Retirement System of the State of Illinois (TRS) and the Illinois Municipal Retirement Fund (IMRF). Most funding for TRS is provided through payroll withholdings of certified employees and contributions made by the State of Illinois on-behalf of the District. IMRF is funded through property taxes and a perpetual lien of the District's corporate personal property replacement tax. Each retirement system is discussed below.

Teachers' Retirement System

The District participates in the Teachers' Retirement System of the State of Illinois (TRS). TRS is a costsharing, multiple-employer defined benefit pension plan that was created by the Illinois legislature for the benefit of lllinois public school teachers employed outside the city of Chicago.

The Illinois Pension Code outlines the benefit provisions ofTRS, and amendments to the plan can be made only by legislative action with the governor's approval. The State of Illinois maintains primary responsibility for the funding of the plan, but contributions from participating employers and members are also required. The TRS Board of Trustees is responsible for the System's administration.

TRS members include all active nonannuitants that are employed by a TRS-covered employer to provide services for which teacher certification is required. The active member contribution rate for the year ended June 30, 201 3 was 9.4 percent of creditable earnings. The same contribution rate applies to members whose first contributing service is on or after January 1 , 201 1 , the effective date ofthe benefit changes contained in Public Act 96-0889. These contributions, which may be paid on behalf of the employees by the employer, are submitted to TRS by the District. The active member contribution rate was also 9.4 percent for the years ended June 30, 2012 and 201 1 .

On Behalf Contributions. The State of Illinois also makes contributions directly to TRS on behalf of the District's TRS-covered employees. For the year ended June 30, 2013, State of Illinois contributions were based on 28.05 percent of creditable earnings not paid from federal funds, and the District recognized revenue and expenditures of $ 17,408,484 in pension contributions that the State of Illinois paid directly to TRS. For the years ended June 30, 2012 and 201 1 , the State of Illinois contributions rates as percentages of creditable earnings not paid from federal funds were 24.91 percent ($14,853,820) and 23 . 10 percent ($ 13 ,443,588), respectively.

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NOTE 1 1 - RETIREMENT SYSTEMS - (CONTINUED)

The District makes other types of employer contributions directly to TRS:

2.2 Formula Contributions. For the years ended June 30, 2013 , 2012 and 201 1 , the District contributed 0.58 percent of creditable earnings for the 2.2 formula change. This rate is specified by statute. Contributions for those years were $362,325, $351 ,335 and $341 ,906, respectively.

Federal and Trust Fund Contributions. When TRS members are paid from federal and special trust funds administered by the District, there is a statutory requirement for the District to pay an additional TRS contribution from those funds. Under a policy adopted by the TRS Board of Trustees that was first effective in the fiscal year ended June 30, 2006, employer contributions for employees paid from federal and special trust funds will be the same as the state contribution rate to TRS.

For the year ended June 30, 2013 , the employer pension contribution was 28.05 percent of salaries paid from federal and special trust funds. For the years ended June 30, 2012 and 201 1 , the employer pension contribution was 24.91 and 23. 10 percent of salaries paid from those funds, respectively. For the year ended June 30, 201 3, salaries totaling $407,552 were paid from federal and special trust funds that required employer contributions of $ 1 14,3 18, which was equal to the District's actual contribution. For the years ended June 30, 2012 and 201 1 , required District contributions were $235,41 7 and $173,70 1 , respectively.

Early Retirement Option. The District is also required to make one-time employer contributions to TRS for members retiring under the Early Retirement Option (ERO). The payments vary depending on the age and salary of the member. The maximum employer ERO contribution is 1 17.5 percent and applies when the member is age 55 at retirement. For the years ending June 30, 2013 and 2012, the District paid $75,212 and $96, 1 17, respectively, to TRS for District contributions under the ERO program. For the year ending June 30, 201 1 the District made no ERO contributions.

Salary increases over 6 percent and excess sick leave. If an employer grants salary increases over 6 percent and those salaries are used to calculate a retiree's final average salary, the employer makes a contribution to TRS. The contribution will cover the difference in actuarial cost of the benefit based on actual salary increases and the benefit based on salary increases of up to 6 percent. For the years ended June 30, 2013 , 2012 and 201 1 , the District paid $20,5 16, $22,370 and $94,387, respectively, to TRS for employer contributions due on salary increases in excess of 6 percent.

If an employer grants sick leave days in excess of the normal annual allotment and those days are used as TRS service credit, the employer makes a contribution to TRS. The contribution is based on the number of excess sick leave days used as service credit, the highest salary rate reported by the granting employer during the four-year sick leave review period, and the TRS total normal cost rate ( 17 .63 percent of salary during the year ended June 30, 201 3) . For the years ended June 30, 2013 , 2012 and 201 1 , the District paid $9,378, $9,619 and $5,486, respectively, to TRS for sick leave days granted in excess of the normal annual allotment.

Further Information on TRS. TRS financial information, an explanation of TRS's benefits; and descriptions of member, employer and state funding requirements, can be found in the TRS Comprehensive Annual Financial Report for the year ended June 30, 2012 . The report for the year ended June 30, 2013 , is expected to be available in late 2013 .

The reports may be obtained by writing to the Teachers' Retirement System of the State of Illinois, P.O. Box 19253, 281 5 West Washington Street, Springfield, IL 62794-9253. The most current report is also available on the TRS Web site at http:/ /trs.illinois.gov.

- 42 -



NOTE 1 1 • RETIREMENT SYSTEMS · (CONTINUED)

I l l i nois Municipal Retirement Fund

Plan Description. The District's defined benefit pension plan for Regular employees provides retirement and disability benefits, post retirement increases, and death benefits to plan members and beneficiaries. The District's plan is affiliated with the Illinois Municipal Retirement Fund (IMRF), an agent multiple-employer plan. Benefit provisions are established by statute and may only be changed by the General Assembly of the State oflllinois. IMRF issues a publicly available financial report that includes financial statements and required supplementary information. The report may be obtained on-line at www. imrf.org.

Funding Policy. As set by statute, District employees participating in IMRF are required to contribute 4.50 percent of their annual covered salary. The statute requires the District to contribute the amount necessary, in addition to member contributions, to finance the retirement coverage of its own employees. The District's contribution rate for calendar year 2012 was 10.98 percent of annual covered payroll which is equal to the District's required contribution rate. The District also contributes for disability benefits, death benefits and supplemental retirement benefits, all of which are pooled at the IMRF level. Contribution rates for disability and death benefits are set by the IMRF Board of Trustees, while the supplemental retirement benefits rate is set by statute.

Annual Pension Cost and Net Pension Obligation. The District's required contribution for calendar year 2012 was $ 1 ,532,732. The District's annual pension cost, percentage of annual pension cost contributed, and net pension obligation for for the current year and each of the two preceding years were as follows:

Fiscal Year Ended

June 30, 201 3 June 30, 201 2 June 30, 201 1

Percentage of Annual Pension

Annual Pension Cost

$

Cost Contributed

1 ,532,732 1 ,454,982 1 ,41 5,585

1 00 % $ 1 00 % 1 00 %

Net Pension Obligation

The required contribution for fiscal year 201 3 was determined as part of the December 3 1 , 2010, actuarial valuation using the entry age actuarial cost method. The actuarial assumptions at December 3 1 , 2010, included (a) 7.50% investment rate of return (net of administrative and direct investment expenses), (b) projected salary increases of 4.00% a year, attributable to inflation, (c) additional projected salary increases ranging from 0.4% to 10% per year depending on age and service, attributable to seniority/merit, and (d) post-retirement benefit increases of 3% annually. The actuarial value of District plan assets was determined using techniques that smooth the effects of short-term volatility in the market value of investments over a five-year period with a 20% corridor between the actuarial and market value of assets. The District's unfunded actuarial accrued liability at December 3 1 , 2010 is being amortized as a level percentage of projected payroll on an open 30 year basis.

Funded Status and Funding Progress. As of December 3 1 , 2012, the most recent actuarial valuation date, the Regular plan was 77.78 percent funded. The actuarial accrued liability for benefits was $30,073,709 and the actuarial value of assets was $23,391 ,544, resulting in an underfunded actuarial accrued liability (UAAL) of $6,682, 165. The covered payroll for calendar year 2012 (annual payroll of active employees covered by the plan) was $ 1 3,959,308 and the ratio of the UAAL to the covered payroll was 47.87 percent.

- 43 -



NOTE 1 1 - RETIREMENT SYSTEMS - (CONTINUED)

The schedule of funding progress, presented as RSI following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liability for benefits .

NOTE 1 2 - CONSTRUCTION COMMITMENTS

As of June 30, 2013 , the District is committed to approximately $694,834 in expenditures in the upcoming year for a roof replacement project. These expenditures will be paid with a portion of the working cash bonds that were issued and transferred to the Capital Projects Fund.

NOTE 1 3 - STATE AND FEDERAL AID CONTINGENCIES

The District has received federal and state grants for specific purposes that are subject to review and audit by the grantor agencies . Such audits could lead to requests for reimbursements to the grantor agency for expenditures disallowed under terms of the grants. Management believes such disallowances, if any, would be immaterial.

NOTE 1 4 - EFFECT OF NEW ACCOUNTING STANDARDS ON CURRENT-PERIOD FINANCIAL STATEMENTS

The Governmental Accounting Standards Board (GASB) has approved GASB Statement No. 65, Items Previously Reported as Assets and Liabilities; Statement No. 66, Technical Corrections - 2012 - an amendment of GASB Statements No. 10 and No. 62; Statement No. 67, Financial Reporting for Pension Plans - an amendment of

GASB Statement No. 25; and Statement No. 68, Accounting and Financial Reporting for Pensions - an amendment ofGASB Statement No. 27. Application of these standards may restate portions of these financial statements.

- 44 -

T H I S P A G E I S I N TE N T I O N A L L Y L E F T B L A N K

Actuarial Valuation

Date

1 2/31 /1 2 1 2/31 /1 1 1 2/31 /1 0 1 2/31 /09 1 2/31 /08 1 2/31 /07

Actuarial Valuation

Date

1 2/31 /1 2 1 2/31 /1 1 1 2/31 /1 0 1 2/31 /09 1 2/31 /08 1 2/31 /07

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220

ILLINOIS MUNICIPAL RETIREMENT FUND SCHEDULE OF EMPLOYER'S CONTRIBUTIONS AND ANALYSIS OF FUNDING PROGRESS

AS OF AND FOR THE YEAR ENDED JUNE 30 201 3

Annual Pension Percentage of Net Pension Cost (APC} APC Contributed Obligation

$ 1 ,532,732 1 00% $ 1 ,454,982 1 00% 1 ,41 5,585 1 00% 1 , 1 34,352 1 00% 1 ,058,022 1 00% 1 ,01 3,81 1 1 00%

Actuarial UAAL as a Actuarial Value Accrued Liability Unfunded AAL Percentage of

of Assets (AAL} Entry Age (UAAL) Funded Ratio Covered Payroll Covered Payroll (a} {b} (b-a} {alb} (c} !{b-a}/c}

$ 23,391 ,544 $ 30,073,709 $ 6,682, 1 65 77.78% $ 1 3,959,308 47.87% 20,803, 1 1 2 27,680,355 6,877,243 75. 1 5% 1 3,687,505 50.24% 20, 1 80,565 26,663,374 6,482,809 75.69% 1 3,81 0,587 46.94% 1 8,856,055 24,459,574 5,603,5 19 77.09% 1 3,601 ,340 41 .20% 1 8,250,003 22,459,774 4,209,771 81 .26% 1 2,686, 1 22 33. 1 8% 20,921 ,659 20,851 , 745 (69,91 4) 1 00.34% 1 1 ,666,408 0.00%

See Auditors' Report and Notes to Required Supplementary Information

- 45 -

T H I S P A G E I S I N T EN T I O N A L L Y L E F T B L A N K

BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220 SCHEDULE OF FUNDING PROGRESS FOR RETIREE HEAL THCARE AND LIFE INSURANCE BENEFIT PROGRAM

AS OF JUNE 30, 201 3

Actuarial UML as a Actuarial Actuarial Value Accrued Liabil ity Unfunded ML Percentage of Valuation of Assets (ML) Entry Age (UML) Funded Ratio Covered Payroll Covered Payroll

Date (a} (b} (b-a} (alb} (c} {{b-a}/c}

7/1 /1 2 $ $ 1 ,321 , 1 05 $ 1 ,321 , 1 05 N/A $ 1 2,559,309 1 0 .52% 7/1 /1 1 1 ,392,570 1 ,392,570 N/A 1 2,668,249 1 0.99% 7/1 /1 0 1 ,370,31 6 1 ,370,3 1 6 N/A 1 2, 1 81 ,009 1 1 .25%


- 46 -

BARRINGTON COMMUNITY UNIT SCHOOL DISTRICT NO. 220 GENERAL FUND

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET TO ACTUAL FOR THE YEAR ENDED JUNE 30, 201 3

WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30 201 2 201 3

ORIGINAL VARIANCE WITH 2012 BUDGET FI NAL BUDGET ACTUAL F INAL BUDGET ACTUAL

Revenues

Local sources

General levy $ 86,290,726 $ 84,062,645 $ 85,61 5,687 $ 1 ,553,042 $ 84,872,059 Tort immunity levy 508,452 565,577 573,441 7,864 553,819 Corporate personal property

replacement taxes 700,000 557,452 706,41 9 1 48,967 696,532 Summer school - tuition from

pupils or parents (in state) 500,000 590,000 599,905 9,905 798 , 127 Investment income 58,476 58,476 53,783 (4,693) 60,078 Sales to pupils - lunch 1 ,861 ,924 1 ,861 ,924 2 ,092,932 231 ,008 1 ,908,21 7 Sales to pupils - breakfast 2 ,542 2,542 (2 ,542) 2 ,449 Sales to pupils - a Ia carte 200,602 200,602 1 ' 1 71 ( 1 99,431 ) 1 82,277 Sales to pupils - other 3,71 9 3,71 9 822 (2,897) 2,827 Sales to adults 35,405 35,405 1 ,029 (34,376) 34,203 Other food service 90,000 90,000 (90,000) 88,748 Admissions - athletic 69,395 69,395 74,893 5,498 50, 1 47 Fees 2,483,869 2,21 0,369 2,543,540 333, 1 7 1 1 ,973,288 Other pupil activity revenue 1 ,235 1 ,235 1 ,267 32 4,805 Rentals - other 300 Contributions and donations

from private sources 1 70,500 232,700 201 , 1 30 (31 ,570) 90,403 Refund of prior years'

expenditures 50,000 300,000 553,397 253,397 52,929 Driver's education fees 1 ,300 1 ,300 (250) Other 273 400 206 400 480 863 274 463 420 377

Total local sources 93,300,245 91,048,441 93,501,579 2,453,1 38 91,791,335

State sources

General state aid 2 , 1 02,666 2 , 1 02,938 2 , 1 02,938 2 , 1 73,921 Special education - private

facil ity tuition 370,000 438,970 438,970 384,874 Special education - extraordinary 1 , 1 39,000 1 , 1 1 7,762 1 , 1 1 7,762 1 ,21 6,049 Special education - personnel 1 ,927,000 2,027,031 2 ,027,031 1 ,986,568 Special education - summer

school 1 0 ,250 1 2 ,61 0 1 2,61 0 1 0,561 CTE - Technical education -

tech prep 1 0,000 1 0,000 66,624 56,624 42 ,044 Bilingual education - downstate -

TPI 327,000 334,234 361 ,646 27,4 1 2 1 37,799 State free lunch & breakfast 1 5,750 1 5,750 1 2,670 (3,080) 1 8,881 Driver education 25,650 28,076 28,076 1 9,833 Early childhood - block grant 230,000 241 ,883 241 ,883 263,031 Other restricted revenue from

state sources 6,000 6,000 1 3,030 7,030 6,8 1 2 O n behalf payment to TRS from

the state 1 7,300,000 1 7.300,000 1 7,983,207 683 207 1 5,386,880

Total state sources 23,463,31 6 23,635,254 24,406,447 771 1 93 21,647,253


- 47 -


GENERAL FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET TO ACTUAL

FOR THE YEAR ENDED JUNE 30, 201 3 WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 201 2

201 3 ORIGI NAL VARIANCE WITH 201 2 BUDGET FI NAL BUDGET ACTUAL FI NAL BUDGET ACTUAL

Federal sources

National school lunch program $ 500,000 $ 500,000 $ 556 , 181 $ 56, 1 81 $ 534,033 Special milk program 7,500 7,500 2,785 (4,71 5) 5,648 School breakfast program 58,000 58,000 78,763 20,763 70,503 Fresh fruits & vegetables 22,1 75 22, 1 75 33, 1 50 1 0 ,975 23,941 Food service - other 5,000 5,000 (5,000) Title I - Low income 575,000 81 5,391 434,595 (380,796) 720 , 187 Federal - special education -

preschool flow-through 51 ,000 51 ,000 51 , 1 60 1 60 ' 51 ,269 Federal - special education -

I DEA - flow-through/low incident 1 ,635,000 1 ,793,050 1 ,658,651 ( 1 34,399) 1 ,725,702

Federal - special education -I DEA - room & board 1 00,000 1 00,000 275,792 1 75,792 283,337

CTE - Perkins - Title I l i E - tech. prep. 54,000 54,000 51 ,230 (2,770) 53,33 1

Title I - low income 4,000 IDEA - part b - flow-through 1 3,901 Other ARRA funds - XI 207,064 Title I l l - English language

acquisition 95, 1 75 1 60,91 3 97,832 (63,081 ) 1 23,593 Title I I - Teacher quality 1 28,000 1 55,665 1 24,920 (30,745) 1 27,757 Medicaid matching funds -

administrative outreach 350,000 350,000 1 34,812 (21 5, 1 88) 1 28,457 Medicaid matching funds - fee-

for-service program 1 7 1 ,221 1 71 ,221 258,408 Other restricted revenue from

federal sources 2 500 2 500 86 907 84 407 595 659

Total federal sources 3.583,350 4 075 1 94 3,757,999 (31 7,1 95) 4,926,790

Total revenues 1 20,346,91 1 1 1 8,758,889 1 21,666,025 2.907,1 36 1 1 8,365,378

Expenditures

Instruction

Regular programs Salaries 40,877,887 40,335,530 40,784,927 (449,397) 39, 1 93,640 Employee benefits 6,099,789 6,078,783 6,306,957 (228 , 1 74) 5,892,459 On-behalf payments to TRS

from the state 1 7,300,000 1 7,300,000 1 7,983,207 (683,207) 1 5,386,880 Purchased services 521 ,929 524,429 527,892 (3,463) 464,757 Supplies and materials 1 ,636,720 1 ,605,72.0 1 ,723,563 ( 1 1 7,843) 1 ,464,787 Capital outlay 1 1 4, 1 24 1 1 4 , 1 24 80, 1 41 33,983 94,824 Other objects 24,836 24,836 66,990 (42 , 1 54) 1 5,867 Non-capital ized equipment 28 287 28,28Z 60 048 (31,761 ) 22 997

Total 66,603,572 66,01 1,709 67,533,725 (1,522,0 1 6) 62,536,21 1


- 48 -

BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220

GENERAL FUND SCHEDULE OF REVENUES, EXPENDITU RES AND CHANGES IN FUND BALANCES - BUDGET TO ACTUAL


201 3 ORIGI NAL VARIANCE W ITH 201 2 BUDGET FINAL BUDGET ACTUAL FI NAL BUDGET ACTUAL

Special education programs Salaries $ 9,252,021 $ 9,704,597 $ 9,769,320 $ (64,723) $ 9,537,799 Employee benefits 2,564,330 2 ,579,920 2 ,563,61 3 1 6,307 2,583,81 7 Purchased services 366,377 371 ,397 499,968 ( 128,571 ) 396,941 Supplies and materials 1 28,408 1 66,702 1 89,530 (22,828) 1 33,927 Capital outlay 24.600 1 0 075 (1 0,075) 35 1 52

Total 1 2,335,736 1 2,822,61 6 1 3,032,506 (209,890) 1 2,687,636

Special education programs Pre-K Salaries 1 32,760 1 53 ,754 12 1 ,402 32,352 1 52 ,035 Employee benefits 40,241 40,029 33,456 6,573 37,756 Purchased services 24,048 24,048 (3,747) 27,795 Supplies and materials 25,300 25,300 30,842 (5,542) 25,464 Capital outlay 1 ,500 1 ,500 1 ,500 Other objects 1 ,034 Non-capitalized equipment 3 058 3 058 567 2 491 6 10

Total 226.907 247 689 1 82,520 65 1 69 2 1 6 899

Remedial and supplemental programs K-1 2 Salaries 262,640 338,959 308,734 30,225 342,018 Employee benefits 1 1 9,828 142,437 1 27,321 1 5, 1 1 6 1 49,837 Purchased services 22,000 22,000 38,070 (1 6,070) 1 1 ,597 Supplies and materials 23,000 1 63 , 1 56 1 2, 1 1 7 1 51 ,039 1 30,455 Capital outlay 1 2,445 ( 12 ,445) Non-capitalized equipment 23 535

Total 427 468 666,552 498 687 1 67 865 657 442

Remedial and supplemental programs Pre-K Supplies and materials 1 1 000 1 1 000 1 1 300 (300) 1 1 273

Total 1 1 000 1 1 000 1 1 300 (300) 1 1 273

CTE programs Purchased services 9,454 9,454 4 , 167 5,287 8,953 Supplies and materials 1 6,472 1 6,472 21 ,238 (4,766) 24, 1 96 Capital outlay 39 966 39 966 71 365 (31,399) 38,395

Total 65 892 65 892 96 770 (30,878) 71 544

Interscholastic programs Salaries 2,096,224 2,067 , 199 2 , 1 22,801 (55,602) 2 ,028,050 Employee benefits 1 03,890 1 22 ,652 1 36,069 ( 1 3,41 7) 1 05,934 Purchased services 290,749 290,749 247,473 43,276 264, 1 1 7 Supplies and materials 375,355 375,355 407,550 (32 , 1 95) 276,428 Capital outlay 5,000 5,000 1 2,620 (7,620) 20,930 Other objects 1 05 ,700 1 05,700 1 1 1 ,353 (5,653) 1 03,200 Non-capitalized equipment 5 000 5 000 1 021 3 979 1 395

Total 2,981,918 2,971,655 3,038,887 (67,232) 2,800,054


- 49 -

BARRINGTON COMMUNITY U N IT SCHOOL DISTRICT NO. 220

GENERAL FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET TO ACTUAL


201 3 ORIGI NAL VARIANCE WITH 201 2 BUDGET F I NAL BU DGET ACTUAL FINAL BU DGET ACTUAL

Summer school programs Salaries $ 598,030 $ 604,891 $ 636,542 $ (31 ,651 ) $ 586,981 Employee benefits 6,523 6,500 35,458 (28,958) 27,487 Purchased services 7,300 7,300 9,529 (2 ,229) 1 0,696 Supplies and materials 21 284 21 284 1 0 225 1 1 059 1 1 991

Total 633 1 37 639,975 691 754 (51,779) 637 1 55

Gifted programs Salaries 1 ,087,567 1 ' 1 1 2 ,092 1 , 1 20,696 (8,604) 1 ,086, 187 Employee benefits 1 78,090 1 77,839 1 67,776 1 0 ,063 1 48,931 Purchased services 9,088 9,088 338 8,750 332 Supplies and materials 30,940 30,940 32,807 (1 ,867) 26,428 Other objects 3 000 3 000 4 1 36 (1,1 36) 3 395

Total 1,308,685 1 ,332,959 1,325,753 7 206 1,265,273

Bilingual programs Salaries 2,843,921 3 , 1 64,238 3, 1 56, 1 67 8,071 2,837,1 1 9 Employee benefits 569,538 578,1 22 61 7,347 (39,225) 562,241 Purchased services 1 3,352 1 ,237 1 2 , 1 1 5 90 Supplies and materials 94 200 1 45 009 73 058 71 951 2 1 8 434

Total 3,507,659 3,900,721 3,847,809 52 912 3,61 7,884

Total instruction 88,1 01,974 88,670,768 90,259,71 1 (1,588,943) 84,501,371

Support services

Pupils

Attendance and social work services Salaries 656,677 634,322 591 ,888 42,434 634,759 Employee benefits 1 00 ,685 99,238 96,057 3 , 181 1 05 , 101 Supplies a n d materials 1 500 1 500 825 675 1 503

Total 758 862 735,060 688.770 46 290 741 363

Guidance services Salaries 2,1 89,761 2 , 1 09,951 2,091 ,881 1 8,070 2 ,228,905 Employee benefits 387,1 53 400,241 395,376 4,865 379,357 Purchased services 59,968 94,377 91 ,565 2,812 43, 1 00 Supplies and materials 25,350 25,350 22 ,895 2 ,455 20,631 Capital outlay 2,000 2 ,000 2 ,000 2,490 Other objects 1 1 ,650 1 1 ,650 1 4,573 (2,923) 1 3,345 Non-capitalized equipment 781 (781 ) 587

Total 2,675,882 2,643,569 2 6 1 7 071 26,498 2,688,41 5

Health services Salaries 983,746 1 ,049,876 1 ,090,642 (40,766) 945,270 Employee benefits 2 1 8,689 220,726 2 1 7, 0 1 6 3,710 2 1 4,751 Purchased services 5,380 (5,380) 4,885 Supplies and materials 23,022 23,022 26,326 (3,304) 28,605

Total 1,225,457 1 ,293,624 1,339,364 (45,740) 1,1 93,51 1


- 50 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 GENERAL FUND


WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 201 2 201 3

ORIGINAL VARIANCE WITH 201 2 BUDGET FI NAL BUDGET ACTUAL F I NAL BUDGET ACTUAL

Psychological services Salaries $ 1 , 1 44,892 $ 1 , 1 22,250 $ 1 , 1 51 ,681 $ (29,431 ) $ 1 ,090,01 8 Employee benefits 273,074 2 1 8,21 3 238,924 (20,71 1 ) 255,033 Purchased services 1 5 , 1 50 1 5, 1 50 4,1 73 1 0 ,977 4,628 Supplies and materials 5 805 5 805 4 1 35 1 670 5 2 1 6

Total 1,438,921 1,361 ,4 1 8 1,398,91 3 (37,495) 1,354,895

Speech pathology and audiology services Salaries 1 ,432 , 1 34 1 ,401 ,537 1 ,384,257 1 7,280 1 ,438 , 152 Employee benefits 200,487 293,229 283,086 1 0 , 1 43 237,928 Purchased services 1 5,734 1 5, 734 22,050 (6, 3 1 6) 32,542 Supplies and materials 5 1 07 5 1 07 4 585 522 4 593

Total 1 .653.462 1,71 5,607 1,693,978 2 1 629 1,71 3,2 1 5

Other support services •

pupils Salaries 57,773 57,773 47,854 9,91 9 56,247 Employee benefits 1 5,352 1 5,352 1 1 ,020 4,332 14 ,434 Purchased services 26,083 26,083 1 2 ,849 1 3,234 7,81 8 Supplies and materials 25,820 25,820 28,282 (2,462) 27,81 9 Other objects 2 282 2,282 2 382 (1 00) 727

Total 1 27 3 1 0 1 27 3 1 0 1 02 387 24 923 1 07 045

Total pupils 7,879,894 7,876,588 7,840,483 36 1 05 7 798 444

Instructional staff

Improvement of instructional services Salaries 605 , 142 607,745 580,648 27,097 655,782 Employee benefits 390,356 387,748 299,326 88,422 378,081 Purchased services 474,733 5 1 2 ,287 438,331 73,956 434,461 Supplies and materials 61 3,750 61 3,750 698,353 (84,603) 724 , 189 Capital outlay 5,000 5,000 3,841 1 , 1 59 9,609 Other objects 1 4 390 1 4 390 5 849 8 541 14 929

Total 2,1 03,371 2,1 40,920 2,026,348 1 1 4 572 2,21 7,051

Educational media services Salaries 1 ,789,0 1 7 1 ,791 ,639 1 ,777,387 1 4,252 1 ,789,2 1 7 Employee benefits 408,054 412 ,714 4 1 2 ,387 327 390,924 Purchased services 40,990 45,690 32,663 1 3,027 34,871 Supplies and materials 21 0,31 1 2 1 0,31 1 262,359 (52,048) 1 80,406 Capital outlay 1 8 1 00 1 8 0 1 3 87 5 500

Total 2,448,372 2,478,454 2.502.809 (24,355) 2,400,918


- 51 -

BARRINGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220 GENERAL FUND



ORIGI NAL VARIANCE W ITH 201 2 BUDGET FI NAL BU DGET ACTUAL FI NAL BUDGET ACTUAL

Assessment and testing Salaries $ 52,825 $ 52,825 $ 54,787 $ ( 1 ,962) $ 50,643 Employee benefits 623 681 593 88 530 Purchased services 55 (55) Supplies and materials 37, 1 45 36,849 25,41 7 1 1 ,432 55, 1 78 Non-capitalized equipment 3 289 3 289 3 289

Total 93,882 93 644 84 1 41 9 503 1 06,351

Total instructional staff 4,645,625 4,71 3,01 8 4,61 3,298 99 720 4,724,320

General administration

Board of education services Salaries 6,578 8,449 8,790 (341 ) 6,400 Employee benefits 6 30 38 (8) 1 1 Purchased services 422,720 452 ,720 396,595 56, 1 25 403,745 Supplies and materials 1 2 ,000 1 2 ,000 1 2 , 1 77 ( 1 77) 1 3,025 Capital outlay 60 000 60 000 45 083 1 4 91 7 50,053

Total 501 304 533,1 99 462,683 70 5 1 6 473 234

Executive administration services Salaries 300,51 4 312 ,000 31 0,476 1 ,524 294 , 191 Employee benefits 51 ,61 5 52,448 51 ,549 899 63,454 Purchased services 26,025 26,025 25,926 99 1 3,914 Supplies and materials 22,603 22,603 2 1 ,444 1 , 1 59 1 4,441 Capital outlay 4,900 (4,900) Other objects 51 ,950 51 ,950 52,353 (403) 50,4 1 8 Non-capitalized equipment 1 495 (1 ,495)

Total 452 707 465.026 468 1 43 (3.1 1 7) 436 4 1 8

Special area administration services Salaries 200,966 2 1 8 , 1 36 2 1 7,958 1 78 203,944 Employee benefits 65, 1 62 60,077 65,636 (5,559) 62,070 Purchased services 2 , 10 1 2 , 1 01 1 , 1 92 909 1 ,438 Supplies and materials 2 538 2 538 3 700 (1,1 62)

Total 270 767 282,852 288 486 (5,634) 267,452

Tort immunity services Employee benefits 461 ,000 461 ,000 461 ,000 1 5,314 Purchased services 3 300 3 300 400 358 (397,058) 409,024

Total 464 300 464 300 400,358 63 942 424 338

Total general administration 1,689,078 1 745 377 1 6 1 9 670 1 25 707 1,601,442


- 52 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT N O. 220 GENERAL FUND



ORIGINAL VARIANCE WITH 201 2 BUDGET FINAL BU DGET ACTUAL FI NAL BUDGET ACTUAL

School administration

Office of the principal services Salaries $ 3,869,470 $ 3,958,589 $ 4,054,552 $ (95,963) $ 3,849,450 Employee benefits 1 , 1 82,842 1 , 1 84,0 1 4 1 , 1 81 ,327 2 ,687 1 , 1 1 7,244 Purchased services 1 83,889 201 ,389 1 82,479 1 8,91 0 141 ,652 Supplies and materials 58,986 58,986 52,202 6,784 53,879 Capital outlay 4,260 4,260 901 3,359 2,009 Other objects 7,01 2 7,01 2 4,831 2 , 181 1 ,631 Non-capitalized equipment 3 500 3 500 3 473 27 6 950

Total 5,309,959 5 41 7 750 5,479,765 {62,0 1 5) 5,1 72,8 1 5

Total school administration 5.309,959 5 41 7 750 5,479,765 {62,0 1 5) 5,1 72,8 1 5

Business

Direction of business support services Salaries 1 48,362 1 46,000 1 28,968 1 7,032 1 42 ,322 Employee benefits 39,633 39, 1 50 39,650 (500) 37,584 Purchased services 3 , 1 0 1 3, 1 0 1 1 , 1 73 1 ,928 2,497 Supplies and materials 75 75 1 50 (75) Other objects 2 375 2 375 485 1 890 1 575

Total 1 93.546 1 90 701 1 70 426 20,275 1 83,978

Fiscal services Salaries 429 , 1 67 435,892 463,816 (27,924) 434,561 Employee benefits 1 22,890 1 22 , 1 62 1 1 2 ,265 9,897 1 1 5,390 Purchased services 23,000 34,700 31 ,838 2 ,862 23,860 Supplies and materials 5,000 5,000 30,805 (25,805) 3,651 Capital outlay 35,000 35,000 385 34,6 1 5 1 5,792 Other objects 1 00

Total 6 1 5 057 632,754 639 . 1 09 {6,355) 593,354

Operation and maintenance of plant services Purchased services 7 500 7 500 4 356 3 1 44 1 71 1

Total 7 500 7 500 4 356 3 1 44 1 71 1

Food services Salaries 5,000 5,000 2 ,223 2 ,777 Employee benefits 41 8 609 652 (43) Purchased services 2,435,000 2,300,000 2,335,055 (35,055) 2 ,455,436 Supplies and materials 39,330 42,830 45,965 (3,1 35) 35,787 Capital outlay 1 2 500 1 2 500 4 558 7 942 1 6 570

Total 2,492,248 2,360,939 2,388,453 {27,514) 2.507,793


- 53 -



WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 201 2

Internal services Salaries Purchased services Supplies and materials

Total

Total business

Central

Planning, research, development and evaluation services Salaries Employee benefits

Total

Information services Salaries Employee benefits Purchased services Supplies and materials Other objects

Total

Staff services Salaries Employee benefits Purchased services Supplies and materials Capital outlay Other objects

Total

Data processing services Salaries Employee benefits Purchased services Supplies and materials Capital outlay Other objects Non-capitalized equipment

Total

Total central

Other supporting services Salaries Employee benefits Purchased services

Total

Total support services

$

ORIGI NAL BUDGET

7 , 1 00 2 1 000

28 1 00

3.336.451

1 52,000 41 059

1 93 059

272,887 93,920 79,448

4,500 1 550

452.305

468, 1 74 1 55,295

39,000 1 0,01 8

30 287

702.774

1 , 1 56,567 268,728 838,500 1 40 ,233

1 ,081 ,823 3,300

40 000

3.529.1 51

4.877.289

5,679 337,271

30 000

372.950

28.1 1 1.246

201 3

FINAL BUDGET

$ 7 , 100

21 000

28 1 00

3.21 9.994

1 40,000 41 555

1 81 555

347,500 93,791 79,448

4,500 1 550

526 789

452,329 1 55,632

39,000 1 0,01 8

30 287

687 266

1 ,207,000 268,706 838,500 1 40,233

1 ,795 , 123 3,300

40 000

4.292.862

5.688.472

4,525 249,021 1 05 990

359.536

29.020.735

$

ACTUAL VARIANCE WITH

FI NAL BUDGET

6,749 $ (50)

23 276

29 975

3.232.31 9

1 40,000 43 045

1 83 045

346,972 88,075 47, 1 39

4,050 460

486 696

464,365 1 53,675

28,242 1 3, 1 44

37 1 25

696.55.1

1 ,200,058 264,500 681 ,886 1 55,841 983 , 190

5,481 980 01 8

4.270 974

5.637.266

223,692 37 257

260 949

28.683.750

(6,749) $ 7 , 1 50

(2.276)

(1.875)

(1 2.325)

(1.490)

(1 .490)

528 5 ,716

32,309 450

1 090

40 093

( 1 2,036) 1 ,957

1 0,758 (3, 1 26)

(6.838)

(9.285)

6,942 4,206

1 56,614 ( 1 5,608)

81 1 ,933 (2, 1 81 )

(940.0 1 8)

21 888

51 206

4,525 25,329 68 733

98 587

336.985


- 54 -

201 2 ACTUAL

5,486 683

1 5 71 3

2 1 .882

3.308.718

1 49,317 42 724

1 92 041

336, 1 1 8 89,052 49,867

4,409 560

480,006

454,700 1 26 , 182

28,91 4 1 2 ,565

924 29 1 1 9

652 404

1 , 1 4 1 , 1 33 252,929 640 ,791 1 09,328

1 ,785,081 3,1 05

1.21 6.475

5.1 48.842

6,473.293

4,389 21 9,433

46 662

270 484

29.349.5 1 6




ORIGINAL VARIANCE WITH 201 2 BU DGET FI NAL BUDGET ACTUAL FI NAL BU DGET ACTUAL

Community services

Salaries $ 1 3,407 $ 22, 1 07 $ 1 4,931 $ 7 , 1 76 $ 1 3,088 EmployEfe benefits 59 1 1 ,832 1 ,579 10 ,253 1 70 Purchased services 27,000 7,000 32,991 (25,99 1 ) 2 1 ,400 Supplies and materials 6,800 4,867 4,236 631 4,770 Capital outlay 2 028 (2.028)

Total community services 47 266 45 806 55 765 (9,959) 39 428

Payments to other districts and governmental units

Payments for regular programs Purchased services 2 751

Total 2 751

Payments for Regular Programs • Tuition Other objects 75 940 76 500 81 672 (5,1 72) 72,825

Total 75,940 76,500 81 ,672 (5, 1 72) 72,825

Payments for special education programs -tuition Other objects 2,095,321 2,095,321 2,802,020 (706,699) 2,1 68,600

Total 2,095,321 2,095,321 2,802,020 {706,699) 2,1 68,600

Total payments to other districts and governmental units 2,1 71,261 2,1 71,821 2,883,692 (71 1,871 ) 2,244,176

Total expenditures 1 1 8 431 747 1 1 9,909,1 30 1 21,882,918 (1,973,788) 1 1 6,1 34,491

Excess {deficiency) of revenues over expenditures 1 9 1 5 1 64 {1,1 50,241 ) (21 6,893) 933 348 2,230,887


- 55 -




Other financing sources (uses)

Principal on bonds sold $ Premium on bonds sold Capital lease value Permanent transfer from

working cash fund -abatement

Transfer to debt service fund to pay principal on capital leases

Transfer to debt service fund to pay interest on capital leases

Issuance costs on bonds sold

Total other financing sources (uses)

Net change in fund balance

Fund balance, beginning of year

Fund balance, end of year

$

201 3 ORIGI NAL BUDGET FI NAL BUDGET

$ $

(899,000) (900,000)

{30,000) {29,000)

(929.000) {929.000)

986.1 64 $

ACTUAL

944 , 1 93

(1 , 1 26,530)

(24, 1 20)

VARIANCE WITH FI NAL BUDGET

$

944, 1 93

(226,530)

4,880

(206.457) 722.543

( 423,350) -$ _.....,.1 . .,.6..,55 ... 8_9_1

35.226.373

$ 34,803.023


- 56 -

$

201 2 ACTUAL

2,240,000 56,277

1 , 1 52 ,573

(1 ,500,000)

(927, 1 03)

(24,632)

(61.277)

935,838

3 , 1 66,725

32.059,648

$ 35,226.373

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 OPERATIONS AND MAINTENANCE FUND



ORIGI NAL BU DGET

Revenues

Local sources

General levy $ 8,692,491 Investment income 8,278 Rentals 82, 750 Refund of prior years'

expenditures Other 65,000

Total local sources 8,848,51 9

Total revenues 8,848,51 9

Expenditures

Support services

Business

Direction of business support services Salaries 80,000 Employee benefits 22. 1 60

Total 1 02,1 60

Facilities acquisition and construction service Purchased services 360,337 Capital outlay 1 70,060 Non-capitalized equipment

Total 530,397

Operation and maintenance of plant services Salaries 2,821 ,300 Employee benefits 676,700 Purchased services 2,252,765 Supplies and materials 2,225,264 Capital outlay

Total 7,976,029

Total business 8,608,586

201 3

F I NAL BUDGET

$ 9,675,542 8,278

91 ,600

65 000

9,840,420

9,840,420

80,000 22,688

1 02,688

360,337 1 70,060

530.397

2,842,375 682,51 1

2,252,765 2,289,564

8,067,21 5

8,700,300

$

ACTUAL

9,679,552 4,645

1 47,973

1 1 9,283

9,951,453

9,951,453

80,000 22 779

1 02 779

352,439 426,384

2 1 09

780,932

2,881 ,046 693,927

2,426,461 2,344,81 8

5 858

8,352,1 1 0

9,235,821

VARIANCE WITH FI NAL BUDGET

$ 4,010 (3,633) 56,373

54 283

1 1 1 033

1 1 1 033

(91 )

(91 )

7,898 (256,324)

(2,1 09)

(250,535)

(38,671 ) (1 1 ,4 1 6)

( 1 73,696) (55,254) (5,858)

(284,895)

(535,521 )

See Aud itors' Report and Notes to Required Supplementary Information

- 57 -

201 2 ACTUAL

$ 9,752,026 6,876

1 20,892

1 5,689 96 794

9,992,277

9,992,277

82,062 21 946

1 04,008

366,785 1 ,31 1 ,977

1,678,Z62

2,768,001 635, 1 46

1 ,969, 1 35 2,1 79,365

7,551,647

9,334,41 7

BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220 OPERATIONS AND MAINTENANCE FUND



Other supporting services

ORIGINAL BU DGET

201 3

F I NAL BUDGET ACTUAL VARIANCE WITH

F I NAL BUDGET 201 2

ACTUAL

Employee benefits Purchased services

$ 1 ,000 $ 1 ,000 $ 1 00 $ 900 $ 1 00 6 427

Total


Total expenditures

Excess (deficiency) of revenues over expenditures


Transfer to capital projects fund



Fund balance, beginn ing of year


$

1 000

8.609.586

8.609.586

238.933

1 000

8.701.300

8.701 .300

238.933 $ 1.1 39.1 20

1 00 900

9.235.921 (534.621 )

9.235.921 (534.621 )

71 5.532 (423.588)

71 5,532 $ (423.588)

2.827,304

$ 3.542.836


- 58 -

6 527

9.340,944

9.340.944

651.333

(3.900,000)

(3.900,000)

(3,248,667)

6.075.971

$ 2.827.304

BARRINGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220 TRANSPORTATION FUND


W ITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 201 2 201 3

ORIGINAL VARIANCE WITH 201 2 BUDGET FI NAL BUDGET ACTUAL FINAL BUDGET ACTUAL

Revenues

Local sources

General levy $ 4,549, 1 64 $ 5,583,036 $ 5 ,791 ,726 $ 208,690 $ 5,621 ,788 Regular transportation fees

from pupils or parents ( in state) 1 3,850 1 5,970 1 2,655 (3,31 5) 1 4,973

Regular transportation fees from co-curricular act ( in state) 1 6, 550 1 6,550 22,955 6,405 29,01 5

Investment income 5 276 5 276 4 584 (692) 4 304

Total local sources 4,584,840 5,620,832 5,831,920 21 1,088 5,670,080

State sources

Transportation -regular/vocational 825,000 1 ,385,426 1 ,385,426 1 ,043,656

Transportation - special education 3,1 30,000 2,979,565 2,979,565 3,473,400

Total state sources 3,955,000 4,364,991 4,364,991 4.51 7,056

Total revenues 8,539,840 9,985,823 1 0,1 96,91 1 21 1,088 1 0,1 87,1 36

Expenditures

Support Services

Business

Pupil transportation services Salaries 31 ,395 (31 ,395) 2 ,694 Purchased services 8,032,976 8,038,876 8, 1 1 2,073 (73, 1 97) 9,348,725 Suppl ies and materials 735,000 720,000 725,243 (5,243) 681 ,527 Capital outlay 21 500 21 500 1 5 023 6 477 1 1 577

Total 8,789,476 8,780,376 8,883,734 (1 03,358) 1 0,044,523

Total business 8,789,476 8,780,376 8,883,734 (1 03,358) 1 0,044,523

Total support services 8,789,476 8,780,376 8,883,734 (1 03,358) 1 0,044,523

Total expenditures 8,789,476 8,780,376 8.883,734 (1 03,358) 1 0,044,523

Excess (deficiency) of revenues over expenditures (249,636) 1,205,447 1 31 3 1 77 1 07 730 1 42,61 3

Net change in fund balance � (2491636) � 1 12051447 1 ,3 1 3, 1 77 � 1 071730 1 42,61 3

Fund balance, beginning of year 4 1 47 696 4,005,083

Fund balance, end of year � 514601873 � 411 471696


- 59 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 MUNICIPAL RETIREMENT/SOCIAL SECURITY FUND


W ITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 301 201 2

ORIGINAL BU DGET

Revenues

Local sources

General levy $ 1 ,729,584 Social security/medicare only

levy 1 ,729,583 Corporate personal property

replacement taxes 95,000 Investment income 3 41 1

Total local sources 3,557,578

Total revenues 3,557,578

Expenditures

Instruction

Regular programs 545,037 Pre-K programs 337, 1 1 6 Special education

programs 71 5,382 Special education

programs Pre-K 20,454 Remedial and

supplemental programs K-1 2 36,783

Interscholastic programs 83,861 Summer school programs 27,664 Gifted programs 20,691 Bil ingual programs 64.080

Total instruction 1,851,068

Support services

Pupils

Attendance and social work services 27,778

Guidance services 68,402 Health services 95,777 Psychological services 22,824 Speech pathology and

aud iology services 1 7,581 Other support services -

pupils 1 1 335

Total pupils 243.697

201 3

FI NAL BU DGET

$ 1 ,951 ,600

1 ,951 ,600

95,000 3 41 1

4,001,61 1

4,001,61 1

545,037 331 ' 1 1 6

698,382

20,454

36,783 83,861 27,664 20,691 64 080

1,828,068

27,778 68,402 95,777 22,824

1 7,581

1 1 335

243,697

$

ACTUAL

1 ,900,083

1 ,900,083

1 1 5,253 4 059

3,91 9,478

3,91 9,478

870,31 4

71 4,346

1 5,330

30, 1 1 9 79,378 31 ,033 20,71 0 75 609

1 ,836,839

21 ,702 66,348

1 06,285 23,501

1 8,730

8 969

245,535

VARIANCE WITH FI NAL BU DGET

$ (51 ,51 7)

(51 ,51 7)

20,253 648

(82,1 33)

(82,1 33)

(325,277) 331 , 1 1 6

( 1 5,964)

5, 1 24

6,664 4,483

(3,369) ( 1 9)

(1 1,529}

(8,771 )

6,076 2,054

(1 0,508) (677)

(1 , 1 49)

2 366

(1 ,838}


- 60 -

20 1 2 ACTUAL

$ 1 ,961 ,21 8

1 ,961 ,21 8

1 07,651 3 943

4,034,030

4,034,030

829,264

673,657

1 8,626

33,899 72,669 28,466 20,326 65 479

1,742,386

26,272 66,332 87,958 22,601

1 8,089

1 0 387

231,639

BARRI N GTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 MUNICIPAL RETIREMENT/SOCIAL SECURITY FUND


W ITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 201 2 2013

ORIGI NAL VARIANCE WITH 201 2 BUDGET FINAL BU DGET ACTUAL FINAL BUDGET ACTUAL

Instructional staff

Improvement of instructional staff $ 28,477 $ 28,477 $ 28,797 $ (320) $ 26,639

Educational media services 1 28,854 1 28,854 1 1 9,345 9,509 1 1 7 ,744

Assessment and testing 2.588 2,588 2,052 536 2 053

Total instructional staff 1 59,91 9 1 59,91 9 1 50 1 94 9 725 1 46 436


Board of education services 1 ' 1 51 1 ' 1 51 1 , 1 00 51 1 ,002

Executive administration services 1 6,471 1 6,471 1 5,730 741 1 5,322

Special area administration services 1 4 076 1 4 076 1 5 349 (1,273) 1 3 1 35

Total general administration 31 698 31 698 32,1 79 (481 ) 29 459


Office of the principal services 31 7 .574 3 1 5 574 3 1 9,392 (3,81 8) 290,959

Total school administration 31 7 574 3 1 5 574 31 9,392 (3,818) 290,959

Business

Direction of business support services 1 4,91 4 1 4,91 4 1 4,230 684 1 3,71 5

Fiscal services 61 ,689 61 ,689 65,91 0 (4,221 ) 57, 1 94 Operations and

maintenance of plant services 535,598 535,598 529,559 6,039 502,869

Food services 54 54 31 23

Total business 61 2,255 61 2,255 609,730 2 525 573 778

Central

Planning, research, development and evaluation services 2,984 2,984 2,030 954 2,239

Information services 1 8,663 18,663 1 7,960 703 1 7,363 Staff services 60,381 60,381 60,263 1 1 8 55,462 Data processing services 2 1 9,709 21 9,709 222,31 5 (2,606) 207,682

Total central 301 737 301 737 302,568 (831 ) 282,746


- 61 -

BARRINGTON COM MUNITY U N IT SCHOOL DISTRICT NO. 220 MUNICIPAL RETIREMENT/SOCIAL SECURITY FUND


WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30. 201 2

Other supporting services


Community services

Total expenditures

$

ORIGI NAL BUDGET

6.31 1

1 ,673,1 91

741

3,525,000

32,578 Net change in fund balance =$ =-oiiiSo!=;;;,;,:,



201 3 VARIANCE W ITH

FI NAL BUDGET ACTUAL FI NAL BUDGET

� 6,31 1 � 4,733 � 1,578

1,671,1 91 1 .664,331 6 860

741 1 829 (1,_088)

3,500,000 3,502,999 (2,999)

$ 501 .61 1 41 6,479 $ (85, 1 32)

3,269,597

� 3,6861076

See Auditors' Report and Notes to Requ ired Supplementary Information

- 62 -

201 2 ACTUAL

� 3,1 81

1,558,1 98

774

3,301,358

732,672

2,536,925

� 312691597

BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220 NOTES TO REQUI RED SUPPLEMENTARY INFORMATION


STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY

Budgetary Data

The budgeted amounts for the Governmental Funds are adopted on the modified accrual basis, which is consistent with accounting principles generally accepted in the United States of America.

The Board of Education follows these procedures in establishing the budgetary data reflected in the general purpose financial statements:

1 . The Administration submits to the Board of Education a proposed operating budget for the fiscal year commencing July 1 . The operating budget includes proposed expenditures and the means of financing them.

2. Public hearings are conducted and the proposed budget is available for inspection to obtain taxpayer comments.

3 . Prior to September 30, the budget is legally adopted through passage of an resolution. By the last Tuesday in December, a tax levy resolution is filed with the county clerk to obtain tax revenues.

4. Management is authorized to transfer budget amounts, provided funds are transferred between the same function and object codes. The Board of Education is authorized to transfer up to a legal level of 10% of the total budget between functions within any fund; however, any revisions that alter the total expenditures of any fund must be approved by the Board of Education, after following the public hearing process mandated by law.

5 . Formal budgetary integration is employed as a management control device during the year for all governmental funds.

6 . All budget appropriations lapse at the end of the fiscal year.

The Board of Education amended the budget on April 16, 2013 .

Excess of Expenditures over Budget

For the year ended June 30, 2013 , expenditures exceeded budget in the General, Operations and Maintenance, Transportation and Municipal Retirement/Social Security Funds by $ 1 ,973,788, $534,621 , $ 103,358 and $2,999, respectively. These excesses were funded by available fund balances .

See Auditor's Report

- 63 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 DEBT SERVICE FUND


WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 301 201 2 20 1 3

ORIG I NAL VARIANCE WITH 2012 BUDGET F I NAL BUDGET ACTUAL FINAL BUDGET ACTUAL

Revenues

Local sources

General levy $ 1 2,803,000 $ 1 2,943,087 $ 1 3,032,785 $ 89,698 $ 1 3,21 7,949 Investment income 3, 782 3, 782 4,599 81 7 4,077 Other 552 552

Total local sources 1 2,806,782 1 2,946,869 1 3,037,936 91 067 1 3,222,026

Total revenues 1 2,806,782 1 2,946,869 1 3,037,936 91.067 1 3,222,026

Expenditures

Debt services

Interest on short term debt State aid anticipation

certificates 3,908,000 3,908,000

Total 3,908,000 3,908,000

Payments on long term debt Interest on long term debt 3,908,000 9,795,000 3,963,044 5,831 ,956 4,350,862 Principal payments on

long term debt 9,824,000 29,000 1 1,1 21,530 (1 1 ,092,530) 9,449,728

Total 1 3,732,000 9,824,000 1 5,084,574 (5.260,574) 1 3,800,590 Other debt service Purchased services 4,576 (4,576) 4, 1 93 Other objects 7 390 7 390 30,502 (23,1 1 2)

Total 7 390 7 390 35 078 (27,688) 4 1 93

Total debt services 1 3,739,390 1 3,739,390 1 5,1 1 9,652 (1,380,262) 1 3,804,783

Total expenditures 1 3,739,390 1 3,739,390 1 5,1 1 9,652 (1,380,262) 1 3,804,783

Excess (deficiency) of revenues over expenditures (932,608) (792,521 ) (2,081,71 6) (1,289,1 95) (582,757)

- 64 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 DEBT SERVICE FUND


W ITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 201 2


Principal on bonds sold $ Accrued interest on bonds

sold Transfer to debt service to

pay principal on capital leases

Transfer to debt service to pay interest on capital leases





$

ORIGI NAL BUDGET

201 3

FINAL BUDGET ACTUAL VARIANCE WITH FINAL BUDGET

201 2 ACTUAL

$ $ 870,000 $ 870,000 $

899,000

30.000

900,000 1 , 1 26,530

---=29"-".0=0=0 24. 1 20

929.000 929.000 2.020.650

(3.608) """$ --=1 """36�.4,;,;,7�9

- 65 -

(61 ,066) $

4.999.782

$ 4.938.71 6

226,530

(4.880)

1.091.650

(1 97.545)

3,91 8

927, 1 03

24.632

955.653

372,896

4.626.886

$ 4.999.782

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 CAPITAL PROJECTS FUND


WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED J UNE 30, 201 2

Revenues

Local sources

Investment income $ Contributions and donations

from private sources Impact fees from municipal or

county governments Other

Total local sources

Total revenues

Expenditures

Support services

Business

Facilities acquisition and construction service Purchased services Capital outlay Other objects

Total

Food services Purchased services Other objects

Total business

Other supporting services Purchased services

Total


Total expenditures

Excess (deficiency) of revenues over expenditures

201 3 ORIGI NAL BUDGET FI NAL BUDGET

20,777 $

20 777

20 777

1 ,531 ,466

1 .53 1.466

1 .531 .466

1,531,466

1.531.466

(1.51 0.689)

20,777 $

8,000

1 1 ,000 1 2 400

52 1 77

52 1 77

1 ,531 ,466

1 .531.466

1 .531.466

1 .531 .466

1 .531.466

(1.479.289)

- 66 -

ACTUAL VARIANCE WITH FINAL BU DGET

1 1 ,245 $ (9,532) $

76,500

36,200 1 2 400

1 36.345

1 36 345

2,821 1 ,579,573

6 984

1 .589.378

1 .589.378

1 .589.378

1 .589.378

(1.453.033)

68,500

25,200

84 1 68

84 1 68

(2,821 ) {48 , 1 07) (6.984)

(57.91 2)

(57.91 2)

(57.9 1 2)

(57.91 2)

26.256

201 2 ACTUAL

9,71 7

76,500

25,323

1 1 1 540

1 1 1 540

9, 1 00 979,785 1 07 073

1 .095.958

(1 ,500) 1 .500

1.095.958

489

489

1 .096 447

1 096 447

(984.907)

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 CAPITAL PROJECTS FUND


W ITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 201 2


Permanent transfer from working cash fund -abatement $

Transfer from Operations and Maintenance Fund


ORIGINAL BUDGET

201 3

F I NAL BUDGET

$ $

ACTUAL VARIANCE WITH

FINAL BUDGET

$

Net change in fund balance $ {1 .51 0.689) $ (1,479.289) ( 1 ,453,033) -.$ __ iil26iioli2;;.o;5..,6



- 67 -

7.255.263

$ 5.802.230

20 1 2 ACTUAL

$ 1 ,500,000

3t900.000

5,400,000

4,41 5,093

2.840.1 70

$ 7.255.263

BARRIN GTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220 GENERAL FUND

COMBIN ING BALANCE SHEET AS OF J UNE 30, 201 3

TORT IMMUNITY EDUCATIONAL AND J UDGMENT WORKING CASH

ACCOUNTS ACCOUNTS ACCOU NTS TOTAL

Assets

Cash $ 36,730,554 $ 3,204,004 $ 2,1 1 7, 1 86 $ 39, 1 74,623 Receivables (net al lowance for uncollectibles):

Property taxes 45,61 0,990 301 ,236 45,91 2,226 Replacement taxes 1 58,561 1 58,561 I ntergovernmental 1 ,854,874 1 ,854,874 Other 67,008 67,008

Miscellaneous (70,770) (70,770)

Total assets � 841351121 7 � 315051240 � 2,1 1 711 86 m 8710961522

Liabilities and fund balance

Cash deficit $ $ 2,877, 1 21 $ $ Accounts payable 538,697 538,697 Salaries and wages payable 5,304, 1 33 5,304, 1 33 Payroll deductions payable 1 ,368,409 3,344 1 ,371 ,753 Deferred revenue 44,784,582 294 334 45,078,91 6

Total liabilities 51,995,821 3 1 74 799 52,293,499

Fund balance

Restricted 330,441 330,441 Unassigned 32,355,396 2,1 1 7,1 86 34,472,582

Total fund balance 32,355,396 330 441 2 1 1 7 1 86 34,803,023

Total l iabilities and fund balance � 841351121 7 � 3,5051240 � 211 1 711 86 � 87,0961522

- 68 -

BARRINGTON COM MUNITY U N IT SCHOOL DISTRICT NO. 220 GENERAL FUND

COMBI N I NG SCHEDULE OF REVENUES, EXPENDITURES A N D CHANGES I N FUND BALANCES

FOR THE YEAR ENDED JUNE 30, 201 3 TORT IMMUNITY

EDUCATIONAL AND JUDGMENTWORKING CASH ACCOU NTS ACCOU NTS ACCOU NTS TOTAL

Revenues Property taxes $ 85,61 5,687 $ 573,441 $ $ 86, 189, 1 28 Corporate personal property

replacement taxes 706,41 9 706,41 9 State aid 24,406,447 24,406,447 Federal aid 3,757,999 3,757,999 Investment income 50,822 80 2,881 53,783 Other 6,552,249 6,552,249

Total revenues 1 21,089,623 573,521 2 881 1 21,666,025

Expenditures Current:

Instruction: Regular programs 49,470,377 49,470,377 Special programs 1 3,691 , 1 93 1 3,691 , 1 93 Other instructional programs 8,928,288 8,928,288 State retirement contributions 1 7,983,207 1 7,983,207

Support Services: Pupils 7,840,483 7,840,483 Instructional staff 4,591 ,444 4,591 ,444 General administration 1 , 1 69,329 400,358 1 ,569,687 School administration 5,478,864 5,478,864 Business 3,223,020 3,223,020 Operations and maintenance 4,356 4,356 Central 4,654,076 4,654,076 Other supporting services 260,949 260,949

Commun ity services 53,737 53,737 Payments to other districts and gov't units 2,883,692 2,883,692

Capital outlay 1,249,545 1,249,545

Total expenditures 1 21,482,560 400,358 1 21,882,91 8 Excess (deficiency) of revenues over expenditures (392,937) 1 73 1 63 2 881 (21 6,893)

Other financing sources (uses) Transfers (out) (1 , 1 50,650) (1 , 1 50,650) Capital lease value 944 1 93 944 1 93

Total other financing sources (uses) £206,457) (206,457)

Net change in fund balance (599,394) 1 73, 1 63 2,881 (423,350)

Fund balance, beginning of year 32.954,790 1 57 278 2,1 1 4,305 35,226,373

Fund balance, end of year $ 32,3551396 � 330,441 § 211 1 7,1 86 � 34,8031023

- 69 -

BARRINGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220 EDUCATIONAL ACCOUNTS


WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED J UNE 301 201 2 201 3

ORIGINAL VARIANCE WITH 201 2 BU DGET FI NAL BU DGET ACTUAL FI NAL BU DGET ACTUAL

Revenues

Local sources

General levy $ 86,290,726 $ 84,062,645 $ 85,61 5,687 $ 1 ,553,042 $ 84,872,059 Corporate personal property

replacement taxes 700,000 557,452 706,41 9 1 48 ,967 696,532 Summer school - tuition from

pupils or parents ( in state) 500,000 590,000 599,905 9,905 798, 1 27 Investment income 55, 1 68 55, 1 68 50,822 (4,346) 56,438 Sales to pupils - lunch 1 ,861 ,924 1 , 861 ,924 2,092,932 231 ,008 1 ,908,217 Sales to pupils - breakfast 2,542 2,542 (2,542) 2,449 Sales to pupils - a Ia carte 200,602 200,602 1 ' 1 71 ( 1 99,431 ) 1 82,277 Sales to pupils - other 3,71 9 3,71 9 822 (2,897) 2,827 Sales to adults 35,405 35,405 1 ,029 (34,376) 34,203 Other food service 90,000 90,000 (90,000) 88,748 Adm issions - athletic 69,395 69,395 74,893 5,498 50, 1 47 Fees 2,483,869 2,21 0,369 2,543,540 333, 1 71 1 ,973,288 Other pupil activity revenue 1 ,235 1 ,235 1 ,267 32 4,805 Rentals - other 300 Contributions and donations

from private sources 1 70,500 232,700 201 , 1 30 (31 ,570) 90,403 Refund of prior years'

expenditures 50,000 300,000 553,397 253,397 52,929 Driver's education fees 1 ,300 1 ,300 (250) Other 273,400 206,400 480,863 274 463 420 377

Total local sources 92,788,485 90,479,556 92,925,1 77 2,445,621 91,233,876

State sources

General state aid 2 , 1 02,666 2 , 1 02,938 2 , 1 02,938 2 , 1 73,921 Special education - private

facility tuition 370,000 438,970 438,970 384,874 Special education -

extraordinary 1 , 1 39,000 1 , 1 1 7, 762 1 ' 1 1 7,762 1 ,21 6,049 Special education - personnel 1 ,927,000 2,027,031 2,027,031 1 ,986,568 Special education - summer

school 1 0,250 1 2,61 0 1 2,61 0 1 0,561 CTE - Technical education -

tech prep 1 0,000 1 0,000 66,624 56,624 42,044 Bi l ingual education -

downstate - TPI 327,000 334,234 361 ,646 27,41 2 1 37,799 State free lunch & breakfast 1 5,750 1 5,750 1 2,670 (3,080) 1 8,881 Driver education 25,650 28,076 28,076 1 9,833 Early childhood - block grant 230,000 241 ,883 241 ,883 263,031 Other restricted revenue from

state sources 6,000 6,000 1 3,030 7,030 6,81 2

- 70 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 EDUCATIONAL ACCOUNTS



ORIGINAL VARIANCE WITH 201 2 BU DGET FINAL BUDGET ACTUAL FI NAL BU DGET ACTUAL

On behalf payment to TRS from the state $ 1 7,300,000 � 1 7,300,000 � 1 7,983,207 � 683,207 � 1 5,386,880

Total state sources 23,463,31 6 23,635,254 24,406,447 771 1 93 21,647,253

Federal sources

National school lunch program 500,000 500,000 556, 1 81 56, 1 81 534,033

Special m ilk program 7,500 7,500 2,785 (4,71 5) 5,648 School breakfast program 58,000 58,000 78,763 20,763 70,503 Fresh fruits & vegetables 22, 1 75 22,1 75 33, 1 50 1 0,975 23,941 Food service - other 5,000 5,000 (5,000) Title I - Low income 575,000 81 5,391 434,595 (380,796) 720, 187 Federal - special education -

preschool flow-through 51 ,000 51 ,000 51 ' 1 60 1 60 51 ,269 Federal - special education -

IDEA - flow-through/low incident 1 ,635,000 1 ,793,050 1 ,658,651 ( 1 34,399) 1 ,725,702

Federal - special education -IDEA - room & board 1 00,000 1 00,000 275,792 1 75,792 283,337

CTE - Perkins - Title I I I E -tech. prep. 54,000 54,000 51 ,230 (2, 770) 53,331

Title I - low income 4,000 IDEA - part b - flow-through 1 3,901 Other ARRA funds - XI 207,064 Title I l l - English language

acquisition 95, 1 75 1 60,91 3 97,832 (63,081 ) 1 23,593 Title II - Teacher quality 1 28,000 1 55,665 1 24,920 (30,745) 1 27,757 Medicaid matching funds -

administrative outreach 350,000 350,000 1 34,81 2 (21 5, 1 88) 1 28,457 Medicaid matching funds -

fee-for-service program 1 71 ,221 1 71 ,221 258,408 Other restricted revenue from

federal sources 2 500 2 500 86 907 84 407 595,659

Total federal sources 3,583,350 4 075 1 94 3,757,999 (31 7,1 95) 4,926,790

Total revenues 1 1 9,835,1 51 1 1 8,1 90,004 1 21,089,623 2,899.61 9 1 1 7,807,91 9

- 71 -

BARRINGTON COMMUNITY U N IT SCHOOL DISTRICT NO. 220 EDUCATIONAL ACCOUNTS

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET TO ACTUAL FOR THE YEAR ENDED JUNE 30, 2013

WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2012 201 3

ORIGINAL VARIANCE WITH 201 2 BU DGET F I NAL BUDGET ACTUAL FI NAL BUDGET ACTUAL

Expenditures

Instruction

Regular programs Salaries $ 40,877,887 $ 40,335,530 $ 40,784,927 $ (449,397) $ 39,193,640 Employee benefits 6,099,789 6,078,783 6,306,957 (228,174) 5,892,459 On-behalf payments to

TRS from the state 17,300,000 17,300,000 17,983,207 (683,207) 15,386,880 Purchased services 521,929 524,429 527,892 (3,463) 464,757 Supplies and materials 1,636,720 1,605,720 1,723,563 (117,843) 1,464,787 Capital outlay 114,124 114,124 80,141 33,983 94,824 Other objects 24,836 24,836 66,990 (42,154) 15,867 Non-capital ized equipment 28,287 28,287 60 048 £31,761) 22,997

Total 66.603,572 66,011 ,709 67,533,725 £1 ,522,016) 62,536,211

Special education programs Salaries 9,252,021 9,704,597 9,769,320 (64,723) 9,537,799 Employee benefits 2,564,330 2,579,920 2,563,613 16,307 2,583,817 Purchased services 366,377 371,397 499,968 (1 28,571) 396,941 Supplies and materials 1 28,408 166,702 189,530 (22,828) 133,927 Capital outlay 24 600 10 075 (10,075) 35,152

Total 12,335,736 12,822,616 13,032,506 (209,890) 12,687,636

Special education programs Pre-K Salaries 132,760 153,754 121,402 32,352 152,035 Employee benefits 40,241 40,029 33,456 6,573 37,756 Purchased services 24,048 24,048 (3,747) 27,795 Supplies and materials 25,300 25,300 30,842 (5,542) 25,464 Capital outlay 1,500 1,500 1,500 Other objects 1,034 Non-capital ized equ ipment 3 058 3 058 567 2 491 610

Total 226,907 247,689 1 82,520 65 169 216,899

- 72-




ORIGINAL VARIANCE WITH 201 2 BUDGET FINAL BUDGET ACTUAL FI NAL BUDGET ACTUAL

Remedial and supplemental programs K - 1 2 Salaries $ 262,640 $ 338,959 $ 308,734 $ 30,225 $ 342,01 8 Employee benefits 1 1 9,828 1 42,437 1 27,321 1 5, 1 1 6 1 49,837 Purchased services 22,000 22,000 38,070 (1 6,070) 1 1 ,597 Supplies and materials 23,000 1 63, 1 56 1 2, 1 1 7 1 51 ,039 1 30,455 Capital outlay 1 2,445 (1 2,445) Non-capital ized equ ipment 23,535

Total 427 468 666,552 498,687 1 67 865 657 442

Remedial and supplemental programs Pre - K Supplies and materials 1 1 000 1 1 000 1 1 300 (300) 1 1 273

Total 1 1 000 1 1 000 1 1 300 (300) 1 1 273

CTE programs Purchased services 9,454 9,454 4, 1 67 5,287 8,953 Suppl ies and materials 1 6,472 1 6,472 21 ,238 (4,766) 24, 1 96 Capital outlay 39,966 39.966 71 365 (31,399) 38,395

Total 65,892 65,892 96 770 (30,878) 71 544

Interscholastic programs Salaries 2,096,224 2,067, 1 99 2, 1 22,801 (55,602) 2,028,050 Employee benefits 1 03,890 1 22,652 1 36,069 ( 1 3,41 7) 1 05,934 Purchased services 290,749 290,749 247,473 43,276 264, 1 1 7 Supplies and materials 375,355 375,355 407,550 (32, 1 95) 276,428 Capital outlay 5,000 5,000 1 2,620 (7,620) 20,930 Other objects 1 05,700 1 05,700 1 1 1 ,353 (5,653) 1 03,200 Non-capitalized equipment 5 000 5 000 1 021 3 979 1 .395

Total 2,981 .91 8 2,971,655 3,038,887 (67,232) 2,800,054

Summer school programs Salaries 598,030 604,891 636,542 (31 ,651 ) 586,981 Employee benefits 6,523 6,500 35,458 (28,958) 27,487 Purchased services 7,300 7,300 9,529 (2,229) 1 0,696 Suppl ies and materials 21 284 21 284 1 0,225 1 1 059 1 1 991

Total 633,1 37 639,975 691 754 (51,779) 637,1 55

- 73 -




ORIGINAL VARIANCE W ITH 201 2 BU DGET FI NAL BUDGET ACTUAL FINAL BUDGET ACTUAL

Gifted programs Salaries $ 1,087,567 $ 1,112,092 $ 1 '120,696 $ (8,604) $ 1,086,187 Employee benefits 178,090 177,839 167,776 10,063 148,931 Purchased services 9,088 9,088 338 8,750 332 Suppl ies and materials 30,940 30,940 32,807 (1 ,867) 26,428 Other objects 3 000 3 000 4 136 (1,136) 3 395

Total 1,308,685 1,332,959 1.325,753 7 206 1,265,273

Bilingual programs Salaries 2,843,921 3,164,238 3,156,167 8,071 2,837,119 Em ployee benefits 569,538 578,122 617,347 (39,225) 562,241 Purchased services 13,352 1,237 12,115 90 Suppl ies and materials 94 200 145 009 73 058 71 951 218,434

Total 3,507,659 3,900,721 3,847,809 52,912 3.617,884

Total instruction 88,101,974 88,670,768 90,259,711 (1 ,588,943) 84,501,371

Support services

Pupils

Attendance and social work services Salaries 656,677 634,322 591,888 42,434 634,759 Employee benefits 100,685 99,238 96,057 3,181 105,101 Suppl ies and materials 1 500 1 500 825 675 1 503

Total 758,862 735 060 688 770 46,290 741 363

Guidance services Salaries 2,189,761 2,109,951 2,091,881 18,070 2,228,905 Employee benefits 387,153 400,241 395,376 4,865 379,357 Purchased services 59,968 94,377 91,565 2,812 43,100 Suppl ies and materials 25,350 25,350 22,895 2,455 20,631 Capital outlay 2,000 2,000 2,000 2,490 Other objects 11,650 11,650 14,573 (2,923) 13,345 Non-capital ized equipment 781 (781) 587

Total 2,675,882 2,643,569 2,617,071 26 498 2,688,415

Health services Salaries 983,746 1,049,876 1,090,642 (40,766) 945,270 Employee benefits 218,689 220,726 217,016 3,710 214,751 Purchased services 5,380 (5,380} 4,885 Supplies and materials 23,022 23,022 26,326 (3,304) 28,605

Total 1,225,457 1,293,624 1,339,364 (45,740) 1,193,511

- 74 -

BARRINGTON COMMUN ITY U N IT SCHOOL DISTRICT NO. 220 EDUCATIONAL ACCOUNTS



ORIGI NAL VARIANCE WITH 201 2 BUDGET F I NAL BU DGET ACTUAL F I NAL BUDGET ACTUAL

Psychological services Salaries $ 1 , 1 44,892 $ 1 , 1 22,250 $ 1 , 1 51 ,681 $ (29,431 ) $ 1 ,090,01 8 Employee benefits 273,074 21 8,21 3 238,924 (20,71 1 ) 255,033 Purchased services 1 5, 1 50 1 5, 1 50 4, 1 73 1 o,9n 4,628 Supplies and materials 5 805 5 805 4 1 35 1 670 5 2 1 6

Total 1,438,921 1,361,41 8 1,398,91 3 (37,495) 1,354,895

Speech pathology and audiology services Salaries 1 ,432,1 34 1 ,401 ,537 1 ,384,257 1 7,280 1 ,438, 1 52 Employee benefits 200,487 293,229 283,086 1 0, 1 43 237,928 Purchased services 1 5,734 1 5,734 22,050 (6,31 6) 32,542 Supplies and materials 5 1 07 5 1 07 4 585 522 4 593

Total 1,653,462 1,71 5,607 1,693,978 21,629 1,71 3,21 5

Other support services -pupils Salaries 57,773 57,773 47,854 9,9 1 9 56,247 Employee benefits 1 5,352 1 5,352 1 1 ,020 4,332 1 4,434 Purchased services 26,083 26,083 1 2,849 1 3,234 7,8 18 Supplies and materials 25,820 25,820 28,282 (2,462) 27,81 9 Other objects 2,282 2,282 2,382 (1 00) 727

Total 1 27 31 0 1 27 3 1 0 1 02 387 24 923 1 07 045

Total pupils 7.879,894 7,876,588 7,840,483 36 1 05 7 798 444

Instructional staff

Improvement of instructional services Salaries 605, 1 42 607,745 580,648 27,097 655,782 Employee benefits 390,356 387,748 299,326 88,422 378,081 Purchased services 474,733 51 2,287 438,331 73,956 434,461 Supplies and materials 61 3,750 61 3,750 698,353 (84,603) 724, 1 89 Capital outlay 5,000 5,000 3,841 1 , 1 59 9,609 Other objects 1 4 390 1 4 390 5 849 8 541 1 4 929

Total 2,1 03,371 2,1 40,920 2,026,348 1 1 4 572 2,21 7,051

Educational media services Salaries 1 ,789,01 7 1 ,791 ,639 1 ,777,387 1 4,252 1 ,789,21 7 Employee benefits 408,054 41 2,71 4 41 2,387 327 390,924 Purchased services 40,990 45,690 32,663 1 3,027 34,871 Supplies and materials 2 1 0,31 1 21 0,31 1 262,359 (52,048) 1 80,406 Capital outlay 1 8 1 00 1 8 01 3 87 5 500

Total 2,448,372 2,478,454 2,502,809 (24,355) 2,400,91 8

- 75 -




ORIGI NAL VARIANCE W ITH 20 1 2 BUDG ET FI NAL BUDGET ACTUAL FI NAL BUDGET ACTUAL

Assessment and testing Salaries $ 52,825 $ 52,825 $ 54,787 $ (1 ,962) $ 50,643 Employee benefits 623 681 593 88 530 Purchased services 55 (55) Suppl ies and materials 37,145 36,849 25,417 11,432 55,178 Non-capitalized equipment 3 289 3 289 3 289

Total 93,882 93 644 84 141 9 503 106,351

Total instructional staff 4,645,625 4.713,018 4,613,298 99 720 4,724,320


Board of education services Salaries 6,578 8,449 8,790 (341) 6,400 Employee benefits 6 30 38 (8) 11 Purchased services 422,720 452,720 396,595 56,125 403,745 Supplies and materials 12,000 12,000 12,177 (177} 13,025 Capital outlay 60,000 60 000 45 083 14 917 50.053

Total 501 304 533 199 462,683 70 516 473,234

Executive administration services Salaries 300,514 312,000 310,476 1,524 294,191 Employee benefits 51,615 52,448 51,549 899 63,454 Purchased services 26,025 26,025 25,926 99 13,914 Supplies and materials 22,603 22,603 21,444 1,159 14,441 Capital outlay 4,900 (4,900) Other objects 51,950 51,950 52,353 (403) 50,418 Non-capital ized equipment 1 495 (1 ,495)

Total 452 707 465,026 468 143 (3,117} 436 418

Special area administration services Salaries 200,966 218,136 217,958 178 203,944 Employee benefits 65,162 60,077 65,636 (5,559) 62,070 Purchased services 2,101 2,101 1,192 909 1,438 Supplies and materials 2 538 2 538 3 700 (1,162)

Total 270 767 282,852 288,486 (5,634) 267,452

Total general administration 1.224,778 1,281,077 1,219,312 61 765 1 177 104

- 76 -

BARRINGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220

EDUCATIONAL ACCOUNTS SCHEDULE OF REVEN UES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET TO ACTUAL


201 3 ORIGI NAL VARIANCE WITH 201 2 BUDGET F I NAL BUDGET ACTUAL FINAL BUDGET ACTUAL


Office of the principal services Salaries $ 3,869,470 $ 3,958,589 $ 4,054,552 $ (95,963) $ 3,849,450 Em ployee benefits 1 , 1 82,842 1 , 1 84,0 1 4 1 , 1 81 ,327 2,687 1 , 1 1 7,244 Purchased services 1 83,889 201 ,389 1 82,479 1 8,91 0 1 41 ,652 Supplies and materials 58,986 58,986 52,202 6,784 53,879 Capital outlay 4,260 4,260 901 3,359 2,009 Other objects 7,01 2 7,01 2 4,831 2, 1 81 1 ,631 Non-capital ized equipment 3 500 3 500 3 473 27 6 950

Total 5,309,959 5,41 7,750 5,479,765 (62,01 5) 5,1 72,81 5

Total school administration 5,309,959 5,41 7,750 5,479,765 (62,01 5) 5,1 72,81 5

Business

Direction of business support services Salaries 1 48,362 1 46,000 1 28,968 1 7,032 1 42,322 Employee benefits 39,633 39, 1 50 39,650 (500) 37,584 Purchased services 3,1 01 3, 1 01 1 , 1 73 1 ,928 2,497 Suppl ies and materials 75 75 1 50 (75) Other objects 2 375 2 375 485 1 890 1 575

Total 1 93 546 1 90 701 1 70 426 20,275 1 83 978

Fiscal services Salaries 429, 1 67 435,892 463,81 6 (27,924) 434,561 Em ployee benefits 1 22,890 1 22, 1 62 1 1 2,265 9,897 1 1 5,390 Purchased services 23,000 34,700 31 ,838 2,862 23,860 Supplies and materials 5,000 5,000 30,805 (25,805) 3,651 Capital outlay 35,000 35,000 385 34,61 5 1 5,792 Other objects 1 00

Total 61 5,057 632 754 639,1 09 (6,355) 593,354

Operation and maintenance of plant services Purchased services 7 500 7 500 4 356 3 1 44 1 71 1

Total 7 500 7 500 4 356 3 1 44 1 71 1

- 77 -


EDUCATIONAL ACCOUNTS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET TO ACTUAL

FOR THE YEAR ENDED JUNE 30, 2013 WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2012

201 3 ORIGI NAL VARIANCE WITH 201 2 BUDGET FI NAL BUDGET ACTUAL FI NAL BU DGET ACTUAL

Food services Salaries $ 5,000 $ 5,000 $ 2,223 $ 2,777 $ Employee benefits 418 609 652 (43) Purchased services 2,435,000 2,300,000 2,335,055 (35,055) 2,455,436 Supplies and materials 39,330 42,830 45,965 (3, 135) 35,787 Capital outlay 12,500 12,500 4 558 7 942 16 570

Total 2,492,248 2,360,939 2,388,453 £27,514) 2,507,793

Internal services Salaries 6,749 (6,749) 5,486 Purchased services 7,100 7,100 (50) 7,150 683 Supplies and materials 21 000 21 000 23,276 £2,276) 15 713

Total 28 100 28,100 29,975 £1 ,875) 21,882

Total business 3,336,451 3,219,994 3,232,319 (12,325) 3,308,718

Central

Planning, research, development and evaluation services Salaries 152,000 140,000 140,000 149,317 Employee benefits 41 059 41 555 43 045 (1,490) 42.724

Total 193,059 181,555 183,045 (1,490) 192,041

Information services Salaries 272,887 347,500 346,972 528 336,118 Employee benefits 93,920 93,791 88,075 5,716 89,052 Purchased services 79,448 79,448 47,139 32,309 49,867 Suppl ies and materials 4,500 4,500 4,050 450 4,409 Other objects 1 550 1 550 460 1 090 560

Total 452,305 526,789 486,696 40 093 480,006

Staff services Salaries 468,174 452,329 464,365 (12,036) 454,700 Employee benefits 155,295 155,632 153,675 1,957 126,182 Purchased services 39,000 39,000 28,242 10,758 28,914 Suppl ies and materials 10,018 10,018 13,144 (3, 126) 12,565 Capital outlay 924 Other objects 30,287 30 287 37 125 (6,838) 29 119

Total 702 774 687,266 696,551 (9,285) 652,404

- 78-

BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220 EDUCATIONAL ACCOUNTS



ORIGI NAL VARIANCE WITH 201 2 BUDGET FI NAL BUDGET ACTUAL FINAL BU DGET ACTUAL

Data processing services Salaries $ 1 , 1 56,567 $ 1 ,207,000 $ 1 ,200,058 $ 6,942 $ 1 J 1 41 J 1 33 Em ployee benefits 268,728 268,706 264,500 4,206 252,929 Purchased services 838,500 838,500 681 ,886 1 56,61 4 640,791 Supplies and materials 1 40,233 1 40,233 1 55,841 ( 1 5,608) 1 09,328 Capital outlay 1 ,081 ,823 1 , 795, 1 23 983, 1 90 81 1 ,933 1 ,785,081 Other objects 3,300 3 ,300 5,481 (2, 1 81 ) 3, 1 05 Non-capitalized equ ipment 40 000 40 000 980,01 8 (940,01 8) 1 ,21 6,475

Total 3,529,1 51 4,292,862 4,270,974 21 888 5,1 48,842

Total central 4,877.289 5,688,472 5,637,266 51,206 6,473,293

Other supporting services Salaries 5,679 4,525 4,525 4,389 Em ployee benefits 337,271 249,021 223,692 25,329 21 9,433 Purchased services 30 000 1 05 990 37 257 68 733 46.662

Total 372,950 359,536 260,949 98.587 270 484

Total support services 27,646,946 28,556,435 28,283,392 273 043 28,925,1 78

Community services

Salaries 1 3,407 22, 1 07 1 4,931 7, 1 76 1 3,088 Employee benefits 59 1 1 ,832 1 ,579 1 0,253 1 70 Purchased services 27,000 7,000 32,991 (25,991 ) 21 ,400 Supplies and materials 6,800 4,867 4,236 631 4,770 Capital outlay 2 028 (2,028)

Total com munity services 47 266 45 806 55 765 (9,959) 39 428

Payments to other districts and governmental units

Payments for regular programs Purchased services 2 751

Total 2 751

- 79 -




ORIGI NAL VARIANCE W ITH 201 2 BUDGET FINAL BU DGET ACTUAL FI NAL BUDGET ACTUAL

Payments for Regular Programs - Tuition Other objects m 75,940 m 76,500 m 81,672 m (5,1 72) m 72,825

Total 75,940 76,500 81 ,672 (5, 1 72) 72,825

Payments for special education programs -tuition Other objects 2,095,321 2.095,321 2,802,020 (706,699) 2,1 68,600

Total 2,095,321 2,095,321 2.802,020 (706,699) 2,1 68,600

Total payments to other districts and governmental units 2,1 71,261 2,1 71,821 2,883,692 (71 1 ,871 ) 2,244,1 76

Total expenditures 1 1 7,967,447 1 1 9,444,830 1 21,482,560 (2,037,730) 1 1 5,71 0,1 53

Excess (deficiency) of revenues over expenditures 1 ,867,704 (1,254,826) (392,937) 861 .889 2,097,766


Permanent transfer from working cash fund -abatement 690,200

Capital lease value 944, 1 93 944, 1 93 1 , 1 52,573 Transfer to debt service

fund to pay principal on capital leases (899,000) (900,000) (1 , 1 26,530) (226,530) (927, 1 03)

Transfer to debt service fund to pay interest on capital leases (30,000) (29,000} (24,1 20) 4 880 (24,632)

Total other financing sources (uses) (929.000) (929,000) (206,457) 722 543 891,038

Net change in fund balance § 9381704 § ,211 83,826) (599,394) m 115841432 2,988,804

Fund balance, beginning of year 32,954,790 29,965,986

Fund balance, end of year § 3213551396 m 321954l90

- 80 -

BARRINGTON COMMUNITY UNIT SCHOOL DISTRICT NO. 220 TORT IMMUNITY AND JUDGMENT ACCOUNTS

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BU DGET TO ACTUAL FOR THE YEAR ENDED JUNE 30, 201 3

WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 301 201 2 20 1 3

ORIGI NAL VARIANCE W ITH 201 2 BUDGET FI NAL BUDGET ACTUAL FI NAL BUDGET ACTUAL

Revenues

Local sources

Tort immunity levy $ 508,452 $ 565,577 $ 573,441 $ 7,864 $ 553,819 Investment income 5 5 80 75 1 5

Total local sources 508 457 565,582 573,521 7 939 553,834

Total revenues 508 457 565,582 573,521 7 939 553 834

Expenditures

Support Services


Workers' compensation or workers' occupational disease act payments Employee benefits 381 ,000 381 ,000 381 ,000 Purchased services 365.961 (365,961 ) 326,975

Total 381 000 381,000 365,961 1 5 039 326,975

Unemployment insurance payments Employee benefits 80,000 80,000 80,000 1 5,31 4 Purchased services 31 . 1 83 (31,1 83) 78 927

Total 80 000 80 000 31 1 83 48 8 1 7 9 4 241

Insurance payments (regular or self-insurance Purchased services 3 300 3 300

Total 3 300 3 300

Risk management and claims services payments Purchased services 3 300 3 2 1 4 (3,21 4) 3 1 22

Total 3 300 3 2 1 4 (3,21 4) 3 1 22

Total general administration 464 300 464 300 400,358 63 942 424,338

Total expenditures 464 300 464 300 400,358 63 942 424 338

Net change in fund balance $ 44,1 57 � 1 011282 1 73, 1 63 � 711881 1 29,496

Fund balance, beginning of year 1 57 278 27 782

Fund balance, end of year � 3301441 � 1 571278

- 81 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 WORKING CASH ACCOUNTS


WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED J UNE 30, 201 2

Revenues

Local sources

Investment income

Total local sources

Total revenues

Expenditures

Total expenditures



Principal on bonds sold Prem ium on bonds sold Permanent transfer from

working cash fund -abatement

Issuance costs on bonds sold





$

$

201 3

ORIGI NAL BUDGET FINAL BUDGET

3.303 $

3 303

3 303

3,303

3.303 $

3 303

3 303

3,303

3.303 -$--===3-..3...,0...,3

ACTUAL VARIANCE W ITH FI NAL BU DGET

20 1 2 ACTUAL

2.881 $

2 881

(422) �$ __ ....,:3::,;.6=2=5

------�'4�2=2) ---�3=6=2=5

2 881 (422) 3 625

2,881 (422)

2,881 =$=-_ ...... (4=2-2)

2.1 1 4.305

3,625

2,240,000 56,277

(2, 1 90,200)

(61 .277)

44 800

48,425

2.065.880

$ 2.1 1 7.1 86 $ 2.1 1 4.305

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AGENCY FUND SCHEDULE OF CHANGES IN ASSETS AND LIABILITIES

FOR THE YEAR ENDED JUNE 30, 201 3

BALANCE, BALANCE,

JUNE 30, 201 2 ADDITIONS DELETIONS JUNE 30, 201 3

Assets

Cash 1 ,269,246 5,31 6, 1 57 5, 1 81 ,256 1 ,404,1 47

Total assets $ 1 ,269,246 $ 5,31 6, 1 57 $ 5, 1 81 ,256 $ 1 ,404, 1 47

Liabilities

Due to agency funds:

Elementary accounts $ 603,934 $ 2,638,850 $ 2,557,81 9 $ 684,965

High school accounts 665,3 1 2 2,677,307 2,623,437 71 9, 1 82

Total l iabilities $ 1 ,269,246 $ 5,316, 1 57 $ 5, 1 81 ,256 $ 1 ,40411 47

- 83 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 BONDS PAYABLE SCHEDULE ISSUE DATED APRIL 1 , 1 998


BUILDING

YEAR TOTAL ENDED BONDS BONDS BONDS INTEREST DEBT

JUNE 30, ISSUED PAID OUTSTANDING PAYABLE SERVICE

1 999 $ $ $ $ $ 2000 2001 2002 1 ,940,000 1 ,940,000 2003 2,81 5,000 2,81 5,000 2004 2,935,000 2,935,000 2005 3,060,000 3,060,000 2006 3 , 1 90,000 3, 1 90,000 2007 3,325,000 3,325,000 2008 3,475,000 3,475,000 2009 3,625,000 3,625,000 201 0 70,000 70,000 201 1 75,000 75,000 201 2 80,000 80,000 201 3 4,435,000 4,435,000 201 4 557,865 557,865 201 5 557,865 557,865 201 6 557,865 557,865 201 7 557,865 557,865 201 8 8,855,000 8,855,000 278,933 9 , 1 33,933

Total $ 37,880,000 $ 29,025,000 $ 8,855,000 $ 2,51 0,393 $ 1 1 ,365,393

Paying Agent: Amalgamated Bank of Chicago

Principal payment date: December 1

I nterest payment dates: December 1 and June 1

Interest rates: 4.05% - 6.30%

Original Amount of Issue: $ 72, 1 1 0,000

Note: During fiscal years 2001 , 2004 and 201 3, the District refunded $420,000, $33,400,000, and $41 0,000 respectively, of the April 1 , 1 998 issue.

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BARRINGTON COMM U N ITY U N IT SCHOOL DISTRICT NO. 220 BONDS PAYABLE SCHEDULE

ISSUE DATED AUGUST 1 , 2002 AS OF JUNE 30, 201 3

GENERAL GOVERNMENT/REFUNDING



2003 $ 275,000 $ 275,000 $ $ $ 2004 40,000 40,000 2005 40,000 40,000 2006 45,000 45,000 2007 45,000 45,000 2008 50,000 50,000 2009 50,000 50,000 201 0 50,000 50,000 201 1 55,000 55,000 201 2 55,000 55,000 201 3 55,000 55,000 201 4 60,000 60,000 1 ,436,1 35 1 ,496, 1 35 201 5 60,000 60,000 1 ,433,61 5 1 ,493,61 5 201 6 65,000 65,000 1 ,430,926 1 ,495,926 201 7 65,000 65,000 1 ,428,082 1 ,493,082 201 8 70,000 70,000 1 ,425,095 1 ,495,095 201 9 9,300,000 9,300,000 1 , 1 79,41 3 1 0,479,41 3 2020 9,795,000 9,795,000 678, 1 69 1 0,473, 1 69 2021 8,020,000 8,020,000 2 10,525 8,230,525

Total $ 28, 1 95,000 $ 760,000 $ 27,435,000 $ 9,221 ,960 $ 36,656,960

Paying Agent: Cole Taylor Bank


I nterest payment dates: December 1 and June 1

Interest rates: 2 .000% - 5.250%

Original Amount of Issue: $ 28, 1 95,000

- 85 -

BARRI N GTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220

YEAR ENDED

JUNE 30,

2004 2005 2006 2007 2008 2009 201 0 201 1 201 2 201 3 201 4 201 5 201 6

Total

Paying Agent:

Principal payment date:

I nterest payment dates:

I nterest rates:

Original Amount of Issue:

$

$

BONDS PAYABLE SCHEDULE ISSUE DATED FEBRUARY 1 , 2004



BONDS BONDS BONDS INTEREST ISSUED PAID OUTSTANDING PAYABLE

$ $ $ 560,000 560,000 1 75,000 1 75,000 1 60,000 1 60,000 1 00,000 1 00,000

1 ,325,000 1 ,325,000 5,095,000 5,095,000 5,250,000 5,250,000 5,520,000 5,520,000 1 ,455,000 1 ,455,000 6, 1 35,000 6 , 1 35,000 293,600 1 ,595,000 1 ,595,000 1 1 9,437 1 ,675,000 1 ,675,000 39,781

29,045,000 $ 1 9,640,000 $ 9,405,000 $ 452,81 8

Amalgamated Bank of Chicago

December 1

December 1 and June 1

1 .500% - 5.000%

$ 29,045,000

- 86 -

TOTAL DEBT

SERVICE

$

6,428,600 1 ,71 4,437 1 ,71 4,781

$ 9,857,81 8

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 BONDS PAYABLE SCHEDULE ISSUE DATED MARCH 1 , 2004



YEAR TOTAL ENDED BONDS BONDS BONDS I NTEREST DEBT


2004 $ $ $ $ $ 2005 290,000 290,000 2006 2007 2008 2009 201 0 201 1 201 2 201 3 201 4 831 ,000 831 ,000 201 5 4,745,000 4,745,000 71 2,375 5,457,375 201 6 4,985,000 4,985,000 469, 1 25 5,454, 1 25 201 7 6,890,000 6,890,000 1 72,250 7,062,250

Total $ 1 6,91 0,000 $ 290,000 $ 1 6,620,000 $ 2 , 1 84,750 $ 1 8,804,750



Interest payment dates: December 1 and June 1

I nterest rates: 1 .000% - 5.000%

Original Amount of Issue: $ 1 6,91 0 ,000

- 87 -

BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220 BONDS PAYABLE SCHEDULE

ISSUE DATED AUGUST 2, 2007 AS OF JUNE 30, 201 3

BUILDING



2008 $ $ $ $ $ 2009 90,000 90,000 201 0 1 60,000 1 60,000 201 1 1 65,000 1 65,000 201 2 1 75,000 1 75,000 201 3 ' 1 85,000 1 85,000 201 4 1 90,000 1 90,000 1 54,31 9 344,31 9 201 5 200,000 200,000 1 45,906 345,906 201 6 21 0,000 21 0,000 1 36,938 346,938 201 7 220,000 220,000 1 27,531 347,531 201 8 230,000 230,000 1 1 7,.688 347,688 201 9 240,000 240,000 1 07,406 347,406 2020 250,000 250,000 96,687 346,687 2021 91 ,21 9 91 ,21 9 2022 530,000 530,000 79,625 609,625 2023 68,031 68,031 2024 68,031 68,031 2025 890,000 890,000 48,563 938,563 2026 29,094 29,094 2027 665,000 665,000 1 4,547 679,547

Total $ 4,400,000 $ 775,000 $ 3,625,000 $ 1 ,285,585 $ 4,91 0,585




Interest rates: 4.1 00% - 4.375%

Original Amount of Issue: $ 4,400,000

- 88 -

BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220 BONDS PAYABLE SCHEDULE ISSUE DATED APRIL 7, 2008





2008 $ $ $ $ $ 2009 1 ,050,000 1 ,050,000 201 0 250,000 250,000 201 1 1 ,000,000 1 ,000,000 201 2 1 ,000,000 1 ,000,000 201 3 1 ,035,000 1 ,035,000 201 4 1 ,075,000 1 ,075,000 1 39,738 1 ,21 4,738 201 5 1 ' 1 1 5,000 1 ' 1 1 5,000 1 01 ,41 2 1 , 2 16,41 2 201 6 1 , 1 50,000 1 , 1 50,000 61 ,775 1 ,21 1 ,775 201 7 1 , 1 90,000 1 , 1 90,000 20,825 1 ,21 0,825

Total $ 8,865,000 $ 4,335,000 $ 4,530,000 $ 323,750 $ 4,853,750




Interest rates: 3.50%


- 89 -

BARRI N GTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 BONDS PAYABLE SCHEDULE

YEAR ENDED

JUNE 30,

2009 201 0 201 1 201 2 201 3 201 4

Total

Paying Agent:

Principal payment date:

Interest payment dates:

I nterest rates :

Original Amount of Issue:

$

$

ISSUE DATED JANUARY 8, 2009 AS OF JUNE 30, 201 3

WORKING CASH

BONDS ISSUED

650,000 1 20,000

1 ,61 5,000 1 ,670,000 1 ,730,000 1 ,600,000

7,3851000

$

$

BONDS PAID

650,000 1 20,000

1 ,61 5,000 1 ,670,000 1 ,730,000

5,785,000

- 90 -

BONDS INTEREST OUTSTANDING PAYABLE

$ $ $

TOTAL DEBT

SERVICE

1 ,600,000 ___ 3.;_;;2;;..:_,0;;_;;0....;_0 1 ,632,000

$ 1 ,600,000 $ �-..;;;32;;;;.:,,0�0;..=..0 $ 1 ,632,000

Cole Taylor Bank

February 1 7, 2009 and December 1

December 1 and June 1

2 .50% - 4.00%

$ 7,385,000

BARRINGTON COM M U N ITY UNIT SCHOOL DISTRICT NO. 220

BONDS PAYABLE SCHEDULE ISSUE DATED MAY 9, 201 2

AS O F JUNE 30, 201 3

WORKING CASH



201 2 $ $ $ $ $ 201 3 265,000 265,000 201 4 1 ,975,000 1 ,975,000 1 7,281 1 ,992,281

Total $ 2,240,000 $ 265,000 $ 1 ,975,000 $ 1 7,281 $ 11992,281


Principal payment date: July 1

I nterest payment dates: January 1 and July 1

Interest rates: 1 .625% - 1 . 750%


- 91 -

BARRINGTON COM M U N ITY U N IT SCHOOL DISTRICT NO. 220 BONDS PAYABLE SCHEDULE

ISSUE DATED DECEMBER 27, 201 2 AS OF JUNE 30, 201 3



J U NE 30, ISSUED PAID OUTSTANDING PAYABLE SERVICE

201 3 $ $ $ $ $ 201 4 1 1 0 ,000 1 1 0,000 1 1 ,247 1 21 ,247 201 5 1 05,000 1 05,000 9,764 1 1 4,764 201 6 1 1 0,000 1 1 0,000 8,280 1 1 8,280 201 7 1 45,000 1 45,000 6,520 1 51 ,520 201 8 5,520 5,520 201 9 1 45,000 1 45,000 4,51 9 1 49,51 9 2020 1 45,000 1 45,000 2,5 1 8 1 47,51 8 2021 1 1 0 ,000 1 1 0,000 759 1 1 0 ,759

Total $ 870,000 $ $ 870,000 $ 49, 1 27 $ 91 9, 1 27




Interest rates: 1 .38%

Original Amount of Issue: $ 870,000

- 92 -

BARRINGTON COM MUNITY UNIT SCHOOL DISTRICT NO. 220 REVENUES BY SOURCE AND EXPENDITURES BY OBJECT - GENERAL AND S PECIAL REVENUE FUNDS

LAST TEN FISCAL YEARS

Local sources Property taxes Replacement taxes Tuition

Interest on investments

Other local revenue

Total local sources

State sources General state aid

Other state aid

Total state sources

Federal sources Restricted grants

Total federal sources

Total revenues

General Fund Salaries and employee benefits Purchased services and supplies Tuition

All other expenditures

Total general fund

Special Revenue Funds Salaries and employee benefits Purchased services and supplies

All other expenditures

Total special revenue funds

Total expenditures

$

2004*

72,071 , 1 1 6 $ 532,333 288,503 205,976

4 , 1 02,043

77,1 99,971

1 ,976,746 6,299,379

8,276, 1 25

2 ,397,636

2,397,636

87,873,732

56,498,521 4,795,640 1 ,274,310

3,206,619

65,775,090

4,532,948 1 0,91 6 , 122

2,042,644

1 7,491 ,71 4

83,266,804

2005*

74,891 ,593 $ 644, 1 54 230,002 451 ,966

3,609,287

79,827.002

1 ,81 6,884 6,614 ,053

8,430,937

3,003,366

3,003,366

91 ,261 ,305

59,056,862 6,625,21 9 1 ,407,700

1 ,271 ,853

68,361 ,634

4,746,243 1 1 ,830,720

2,558,797

1 9, 1 35,760

87,497,394

2006*

79,253,832 $ 816,439 395,990

1 ,279,302 5,075,205

86,820,768

2,250 , 1 92 6,626 , 1 80

8,876,372

2,952,046

2 ,952,046

98,649, 1 86

62, 1 32,722 7,325,921 1 ,585,31 3

1 ,897,477

72,941 ,433

5,725,057 1 2 ,371 ,762

1 ,400,676

1 9,497,495

92,438,928

2007*

84,834,360 $ 890,746 405,649

2 , 182,31 7 5 , 1 38.408

93,451 ,480

1 ,985,668 7,596,1 50

9,581 .81 8

3,008,499

3,008,499

1 06,041 '797

65,352,413 8,1 58,047 1 ,698,041

2 ,596,883

77,805,384

5,507,275 1 3,074,907

4, 1 79,91 0

22,762,092

1 00,567,476

2008*

89,747,71 7 952,538 565,504

1 ,649,645 5,444,467

98,359,871

2,01 3,839 8,752 ,663

1 0,766,502

3,594,796

3,594,796

1 1 2,72 1 , 1 69

71 ,424,364 9,956,825 1 ,535,825

1 ,809,557

84,726,571

5,742,677 1 4, 1 78,362

3,1 33,844

23,054,883

1 07,781 ,454

Excess of revenues over expenditure $ 4,606,928 $ 3,763,91 1 $ 6,21 0 ,258 $ 5,474,321 .;:;..$ _...;.4,�,;:;,9,;:;;39;;,!,,7;,.:1.;;,5

* With the implementation of GASB 34 in 2003, the Working Cash Fund is considered a Special Revenue Fund and with the implementation of GASB 54 in 201 1 the Working Cash Fund is considered a part of the General Fund.

Note: This schedule does not include the state retirement contributions made by the State of I l l inois and included as a revenue and expenditure in the District's basic financial statements.

SOURCE OF I NFORMATION: 2004-201 3 financial statements

- 93 -

2009* 201 0* 201 1 * 201 2* 201 3 ..

$ 93,908,322 $ 97,235,259 $ 1 03,285,7 48 $ 1 04,722 , 1 28 $ 1 05,460,572 833,253 674,096 874,1 79 804,1 83 821 ,672 457,876 539, 1 46 567,533 842,1 1 5 635,51 5 807,909 244,968 88, 1 63 75,201 67,071

5,41 7,055 5,330,066 6,289,1 32 5,044,095 6,21 9,600

1 01 ,424.41 5 1 04,023,535 1 1 1 , 1 04,755 1 1 1 ,487,722 1 1 3,204,430

1 ,598,087 1 ,738,043 2,240,51 1 2 , 1 73,921 2 , 1 02,938 9,832,024 9,287,538 8,004,034 8,603,508 8,685,293

1 1 ,430,1 1 1 1 1 ,025,581 1 0,244,545 1 0,777,429 1 0,788,231

3 ,972 , 165 5 ,574,287 4,363,668 4,926,790 3,757,999

3,972,1 65 5,574,287 4,363,668 4,926,790 3,757,999

1 1 6,826,691 1 20,623.403 1 25,71 2,968 1 27 , 191 ,941 1 27,750,660

77,622,781 80,708,748 83,379,9 1 7 85,314,079 88,31 8,937 9,571 ,727 9,266,427 9,951 ,627 9,603,224 1 0,090,827 1 ,958,527 2 , 1 99,306 2,091 ,966 2 ,241 ,425 2,883,692

1 ,851 .409 2 , 1 31 ,329 2,51 9,901 3,588,883 2,606,255

91 ,004,444 94,305,8 1 0 97,943,41 1 1 00,747,61 1 1 03,899,71 1

6, 1 81 ,501 6,830,676 6,646,430 6,81 1 ,307 7,21 2 ,246 1 4,836,078 1 4,362,71 4 1 4,820,990 1 4,551 ,964 1 3,961 ,034

2 ,640,429 3,754,043 1 ,785,986 1 ,323,554 449,374

23,658,008 24,947,433 23,253,406 22,686,825 2 1 ,622,654

1 1 4,662,452 1 1 9,253,243 1 2 1 , 1 96,8 1 7 1 23,434,436 1 25,522,365

$ 2 , 1 64,239 $ 11370, 1 60 $ 4,51 6 , 15 1 $ 3,757,505 $ 2,228,295

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