Lincoln-Way District 210 Board of Education members decided Thursday to hold off on approving its new budget, and bring in an interim business manager to help extricate it from financial crisis.
Superintendent Scott Tingley asked that the members allow time for the board to address residents’ concerns and questions stemming from the public hearing held Wednesday, Sept. 9. The budget will be back on the agenda at the Sept. 24 meeting.
The board moved forward with appointing an interim business director, with the appointment of Steven Langert into the role, effective Sept. 14 through June 30, 2016.
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“Langert comes to us with extensive school finance experience,” Tingley said of his pick.
His resume includes more than 12 years as Assistant Superintendent for Business/CSBO at Consolidated High District 230, and 13 years as Director of Business Services at Plainfield Consolidated District 202. He holds a bachelor’s degree in accounting from the University of Illinois at Urbana-Champaign, and a master’s degree in Business Administration with an emphasis in finance and management information systems from Lewis University. Langert
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Board member Chris McFadden suggested to the board that they consider an independent audit of its finances.
“I believe the public has questions about what has happened,” McFadden said. “I do plan on making the recommendation for an independent audit and I hope the board will join me in that.”
The new budget projects estimated overall revenues of $101.4 million, $106.6 million in expenses and a $5.2 million deficit. The district has set conservative projections of receiving $5.1 million in general state aid, and $1.7 million in mandated categorical funding such as special education.
Board members Thursday approved a $4 million “inter-fund” transfer, which will shift money from the building fund into the education fund to help offset a deficit of $3.9 million.
Members also approved the hiring of an interim business manager
Check back later for more from the meeting.
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