Financial Impact

Pennoyer maintains a financial rating of Financial Recognition by the Illinois State Board of Education, which is the highest rating for schools to attain.  

Pennoyer Current Finances and Fund Balances
Education Fund (10) $709,710
Operations & Maintenance (20) $222,347
Debt Services (30) $113,922
Transportation (40) $237,725
Municipal Retirement/ Social Security (50)
*non transferable fund
$160,012
Capital Projects  (60) $0
Working Cash (70) $333,125
Tort (80) $0
Fire Prevention & Safety (90) 
*non transferable fund
$379,217
TOTAL IN RESERVES $2,156,058
   
Pennoyer’s FY18 Budget Projections
 
Revenues $4,894,039
Expenditures $4,666,647
Projected Toward Fund Balance $227,392

Pennoyer’s current finances do not allow for needed capital improvements.

The last referendum for a tax increase to benefit Pennoyer School was passed in 1998 for $.60 cents.