Geneva CUSD 304 Finance Committee Meeting - 11-9-2026

The Geneva CUSD 304 Board of Education Finance Committee met on November 9, 2026. The committee reviewed a 10-year financial outlook and five-year projections, including revenue, expenditures, and fund balances. The presentation projected the district’s fund balance could decline from roughly $29 million to as low as $20 million by fiscal year 2032, and cautioned that the current spending plan and capital needs may become unsustainable. Discussion tied projected capital outlays to facility renewal needs, including aging boilers, roofs, and water heaters, and noted that reserves are being used to support investments across district buildings. No specific contracts, vendors, or procurement awards were presented or approved.

The committee also reviewed the tentative property-tax levy process. The unchanged projection requests $111,597,000, including approximately $14.5 million for debt service; the presenter said the eventual amount received would likely be around $110 million, pending final figures. A public hearing and board consideration of the levy are expected next month; no levy approval vote occurred at this meeting. The committee approved the October 26 minutes and approved moving the fiscal year 2026 AFR/ACFR presentation to a future agenda. The meeting adjourned.