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Session 3
The Financial Landscape of Lisle CUSD 202
March 25, 2015
The Lisle Community engaged in the Vision 202 conversation at Session Three to discuss “The Financial Landscape of Lisle CUSD 202
″
with a focus on
“How does the school district manage its financial resources?”
Participants worked in small groups to provide feedback on two tasks:
1) When considering Lisle CUSD 202’s financial health and future: Identify the strengths, weaknesses, opportunities and challenges for the District’s
financial outlook
2) What additional questions do you have about how Lisle CUSD 202 has been managing the community’s financial resources?
Key “Take-Aways” were:
▪
Current Property Tax Rate is low compared to the State averages and neighboring school districts
▪
Participating in cooperatives with other school districts helps to decrease costs for goods and services
▪
The school district partners with other governmental entities to share services
▪
Lisle 202 is proud to have operated on a balanced budget earning the highest financial health designation from the Illinois State Board of Education
for the past 11 years
▪
Lisle 202 maintains healthy fund balances and outstanding debt will be fully paid off in 2019
▪
Future facilities improvements are necessary and may be addressed without increasing property taxes
The Community said…
Vision 202 participants felt
the District has successfully
managed the community’s
financial resources.