Strategic Vision 2010 Draft for Board of Education Consideration Byron CUSD No. 226 May 13, 2010

Strategic Focus Area #3
Finance

Strategic Action #1: Continue conservative financial practices that will include the financing of future district improvements from available revenues while constructing fund balances, the maintenance of a comparatively low tax rate, and the utilization of common, cost-saving measures to reduce expenditures.

1.1   Negotiate multi-year agreements with  Exelon that maximizes the value of Byron Station.

1.2   Build fund balances in each operating fund to maintain stable district finances.

1.3   Maintain Financial Recognition Status from the Illinois State Board of Education.

1.4   Continue to apply for grants to supplement tax dollars.

1.5   Maintain the lowest unit school district tax rate in Ogle County.

1.6   Develop a financial strategy to pay for future district improvements from available revenue without adversely impacting the tax rate.