School District/ Joint Agreement Budget
Form - FY07
New Laws effective July 1, 2006 for School Districts:
P.A. 94 – 0234 requires that, beginning
with the Budget for Fiscal Year 2007, all districts must
submit
their adopted budget to ISBE for posting on its’ web
site. In addition, for purposes of implementation of the
balanced
budget provisions of P.A. 94 – 0234, if the budget
for Fiscal Year 2007 or thereafter adopted for a school
district
reflects a deficit that exceeds an amount equal to one-third
of the applicable fund balances, that district must formally
adopt a deficit reduction plan. The adopted budget and the
deficit reduction plan must be submitted concurrently to
ISBE,
within 30 days of adoption, and in no case later than October
30, 2006.
Pursuant to the provisions of P.A. 94 – 0714,
beginning with the Budget for Fiscal Year 2007, all school
districts are required to file a report regarding ‘vendor
contracts’ as an attachment to their budget. In this
context, the term ‘vendor contracts’ refers to
‘all contracts and agreements that pertain to goods
and services and that were intended to generate additional
revenue and other remunerations for the school district in
excess of $1,000, including without limitation vending machine
contracts, sports and other attire, class rings, and photographic
services. The report is to list information regarding such
contracts for the fiscal year immediately preceding the fiscal
year of the budget.
Although the requirement that all such contracts be approved
by the school board did not become effective until July 1,
2006, all such contracts should be listed on the schedule
attached to the FY 2007 Budget, even though they may not have
been approved by the school board. (Any such contracts executed
on or after July 1, 2006 must be approved by the school board
and should be listed on the schedule attached to the FY 2008
budget)
Cover LETTER for FY 2007
Budget 
INSTRUCTIONS
for FY 2007
School District Budget Form:
FORM
- Open
budget here and choose "Save As" to download.
(When downloading, reply "yes" to enable macros.)
SUBMIT BUDGET via ISBE
ATTACHMENT MANAGER to "School Financial Reports
Group"
Joint Agreement Budget Form:
FORM
- Open
budget here and choose "Save As" to download.
(When downloading, reply "yes" to enable macros.)
School District Budget Historical Archives (2007)
Historical
Archive—Financial Reports
Additional Help Guides
Mechanics of the School
District Budget
Updated IPAM
IPAM Listing
Posting the budget to your school
district web page
Detailed instructions for converting
budget to .pdf
You may be asked for a user name and password for the download.
Check our Troubleshooting
page for alternatives to receiving the Budget.
NOTE: Joint Agreements are NOT required to submit
any portion of their budget to ISBE.
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