CHICAGO HEIGHTS | Bloom Township District 206 Superintendent Lennell Navarre has told the School Board the district needs to cut expenses in the 2012-13 school year.
Navarre said Treasurer Rob Grossi him last week that the state may short the district $2.6 million.
“Our financial condition will be impacted by the state shortage,” Navarre told the School Board on Monday. “We will need to take measures to help offset that deficit.”
Navarre is working with the Finance Committee to put together a plan that will cut 1 to 3 percent of the planned expenses during the school year. He also has reached out to the teachers union and informed them of the situation.
“The students are first and foremost,” Navarre said. “We do not want to cut any costs that diminish the quality of the education our students receive. We need to look at creative ways to contain costs without impacting education.”
There will be more meetings to plan available options. Navarre said the process will be ongoing all school year.
“This is not something that will be handled quickly,” he said. “It will require regular work.”
The board unanimously approved a motion to abate the 2012-13 working cash fund and transfer that money to other funds in need.
The working cash fund of $5.2 million was emptied. A total of $4 million was transferred to the education fund, another $500,000 was transferred to the transportation fund and the remainder was divided into smaller portions and distributed to various funds.
Business manager Ann Williams emphasized this was just a transfer of money from one fund to another.
In other district news, Mesirow Financial was approved as the broker of record for life insurance for district employees. Mesirow is already the broker of record for medical, dental and vision insurance. The company agreed to be the broker for life insurance at no additional cost to the district.
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