School Business Services

Now Available for Downloading: FY2011-12 School District/Joint Agreement Budget Forms (50-36/50-39)

FY2011-12 Budget Form

Notice: Budget Summary (2-3) for FY 2011-12
Row 26 and 27 are correct having the account number of “7110”. The reason for this classification change is due to 7110 being the account number for Abolishment and Abatement for Working Cash. Because of the law changes, the Abatement can now be transferred to any fund where Abolishment can only be transferred to the Educational Fund. See School Code (105 ILCS 5/20-8 and 5/20-10).

School District Budget Form

(50-36) (Updated 6/20/11 - Formulas corrected; Updated 7/13/11 - Itemization page unprotected; Updated 7/30/11 Budget Sum Tab (2-3) Formulas corrected in Cells E41 and E42)
Open budget and choose “Save As” to download (When downloading, reply YES to enable macros for this form only)

Joint Agreement Budget Form

(50-39) (Updated 6/20/11 - Formulas corrected; Updated 7/13/11 - Itemization page unprotected)
Open budget and choose “Save As” to download (When downloading, reply YES to enable macros for this form only)

Submit the School District Budget to ISBE

ISBE ATTACHMENT MANAGER to “School Financial Reports” group.

Dates to Remember:

Deadline to adopt the budget -September 30, 2011
Deadline to submit the electronic budget to ISBE – October 30, 2011
Deadline for posting the budget on the districts website – Immediately after adoption
Deadline for amending the budget – June 30, 2012
Deadline for submitting the amended budget – June 30, 2012

School Code Currently in Effect

(Illinois Administrative Code - Part 100 (see Section 100.130 and Table C). School districts/joint agreements are required to follow the rules for accounting, budgeting, financial reporting, and auditing.
The School Code, Section 17-1(105 ILCS 5/17-1) requires all school districts and joint agreements to prepare and adopt an annual budget.
The School Code, Section 17-1 requires all school districts to submit their adopted/amended budget to the Illinois State Board of Education (ISBE) no later than October 30, 2011.
The School Code, Section 17-1.2 requires those school districts who maintain a website to publish the adopted annual budget. The website must be maintained with the most current budget.
The School Code, Section 34-43 requires those school districts who post the budget on their website to notify all parents of its availability and website address.
The School Code, Section 10-20.21 requires districts to complete and submit a “Vendor Contracts 28” report. This report is on tab 28 of the school district budget form.

American Recovery and Reinvestment Act (ARRA)

Because of the ARRA, new emergency accounting rules have been established. All Illinois schools are expected to receive nearly three billion dollars in stimulus money. Most of the funds will arrive in FY 2010 and 2011, and the FY2011-12 budget form will reflect how those funds are used.

All ARRA revenue funds will be recorded as federal money in (4800) accounts. For ARRA account numbers select: 23 Illinois Administrative Code - Part 100 (see Section 100.130 and Table C).

Additional Help Guides

Contact Information:

School Business Services Division:
Phone:	217-785-8779
Fax:	217-782-6096
Email:	finance@isbe.net