Strategic Priority 3

updated June 2018

Click for the June 2017 Strategic Priority 3 Highlights

Community Finance Advisory Committee was established to provide counsel and oversight regarding the district’s finances and budgeting process.
Secured William Blair and Co. to issue bonds for funding the referendum projects while interest rates remain at a historic low.
Developed an annual budget timeline.
Developed a new budget document, enhancing community communication
Developed a 5-year financial projection model
Developed a 5-year program review process
Developed a 5-year Facility plan
Identified a benchmark group of other Illinois School Districts for academic and financial comparison purposes

Indicator of Success:

Establish an annual budget with a five year forecast to prioritize cost containment, and use resources responsibly.

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Key Performance Indicators		Yearly Target At the end of each school year, the district reports on "Yearly Targets" leading up to 2021. The green means we have reached the target, yellow indicates that we are approaching the target, and red means we did not meet the target.		Goal
	Baseline	Status 16/17	17/18	20/21
By 2021, eliminate all deficit spending in the operating funds.	NA	NA	YES	Yes
By 2021, more than 75% of District 41 parent/staff survey respondents state the District uses its money and resources (staff, materials and facilities) well. SEE PARENT SURVEY RESULTS \| SEE STAFF SURVEY RESULTS	65%	NA	YES	Yes
By 2021, more than TBA% of District 41 at-large survey respondents state the District uses its money and resources (staff, materials and facilities) well.	TBD	NA	NA	Yes

Indicator of Success:

Engage the community relative to financial priorities.

Key Performance Indicators		Yearly Target		Goal
	Baseline	Status 16/17	17/18	20/21
To Be Determined once the committee is convened.	TBD	NA	TBD	TBD

Indicator of Success:

Evaluate spending for fidelity, impact, satisfaction and efficiency.

Key Performance Indicators		Yearly Target		Goal
	Baseline	Status 16/17	17/18	20/21
By 2021, 100% of District educational programs are aligned to our academic outcomes and goals to ensure a return on investment for our community	NA	NA	YES	Yes

Click to see updated progress reports:

Strategic Priority 1: Academic Excellence

Strategic Priority 2: Facilities that Enhance Student Learning

Strategic Priority 3: Finances that Support Student Learning

Strategic Priority 4: Dedicated and Talented Staff Committed to Student Learning

Strategic Priority 5: School Community Culture and Climate to Further Enhance Student Learning

Strategic Priority 6: Community Engagement and Communication