Motion to Grant Petition for Emergency Financial Assistance
and the Establishment of a Financial Oversight Panel for
Venice Community Unit School District 3
Whereas, pursuant to Section 1B-4 of the School Code
(105 ILCS 5/1B-4), Venice Community Unit School District
#3, has petitioned the State Board of Education for emergency
financial assistance and the establishment of a Financial
Oversight Panel by affirmative vote of a majority of the
board of Venice Community Unit School District #3 on June
18, 2003; and,
Whereas, Venice Community Unit School District #3 has
presented clear and convincing documentation of its past,
present and future financial condition that warrants the
immediate Certification by the State Board of Education
as being in financial difficulty pursuant to Section 1A-8
of the School Code by Board; and,
Whereas, the State Board has reviewed the current financial
condition of the School District and the Petition for
Emergency Financial Assistance and the Establishment of
a Financial Oversight Panel (Petition); and
Whereas, the State Superintendent has recommended that
the clear and convincing financial documentation of the
Venice Community Unit School District #3 warrants the
immediate Certification by the State Board as a School
District in financial need and that the Petition be granted;
and
Whereas, pursuant to Section 1B-4 of the School Code
(105 ILCS 5/1B-4), the State Board, in arriving at their
decision on whether or not to approve the School District’s
Petition, considered the following relevant factors:
- Whether the petition is in the best educational interests
of the pupils of the School District;
- Whether the petition is in the near and long term
best financial interests of the School District;
- Whether the School District has sufficient pupil
enrollment to provide and maintain recognized schools;
- Whether the petition is in the best interests of
the other schools of the area and the educational welfare
of all the pupils therein;
- Whether the board of education has complied with
the requirements of Section 1A-8 of the School Code
regarding districts certified to be in financial difficulty.
(105 ILCS 5/1A-8).
Therefore, the State Board of Education, having considered
the aforementioned factors in arriving at its decision,
Certifies that Venice Community Unit School District #3
is in financial difficulty and thereby grants the Petition
for Emergency Financial Assistance and the Establishment
of a Financial Oversight Panel for Venice Community Unit
School District #3.
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