Frankfort 157-C Board Approves $47 Million Budget for 2025-2026 School Year

Frankfort School District 157-C Meeting | September 2025

Article Summary: The Frankfort School District 157-C Board of Education unanimously approved a balanced budget for the 2025-2026 fiscal year, projecting total revenues of approximately $47.2 million against expenditures of $42.4 million across its main operating funds. The final budget, which saw no changes from the tentative version presented in August, was adopted following a public hearing where no comments were made.

Frankfort School District 157-C Budget Key Points:

• The board approved the final FY 2025-2026 budget with a 7-0 vote.

• Across four main operating funds (Educational, Operations & Maintenance, Transportation, Working Cash), revenues are budgeted at $47.26 million and expenditures at $42.43 million.

• The district projects an estimated ending fund balance of over $47 million for its operating funds by June 30, 2026.

• Director of Business and Operations Dr. LeeAnn Taylor confirmed no changes were made to the budget since it was put on public display in August.

The Frankfort School District 157-C Board of Education on Tuesday, September 16, 2025, unanimously approved a balanced budget for the 2025-2026 school year that anticipates revenues outpacing expenditures in its core operating funds.

Following a brief public hearing where no members of the community offered comment, the board voted 7-0 to adopt the final budget. Director of Business and Operations Dr. LeeAnn Taylor presented the final documents, noting that no changes had been made since the tentative budget was approved and put on public display at the district office in August.

According to the budget filed with the Illinois State Board of Education, the district’s four main operating funds—Educational, Operations & Maintenance, Transportation, and Working Cash—are projected to bring in a combined $47,264,541 in revenue. Total expenditures from these funds are budgeted at $42,434,543, resulting in a projected surplus of nearly $4.83 million for the fiscal year. The estimated ending fund balance for these operating funds is projected to be approximately $47.2 million by the end of the fiscal year on June 30, 2026.

The Educational Fund, which covers most instructional costs, accounts for the largest share of the budget, with nearly $38 million in revenue and $35.7 million in expenditures. The Operations and Maintenance Fund is budgeted with $6.5 million in revenue and $4.5 million in spending.

In her treasurer’s report for August, Dr. Taylor noted that the district is in the period where levy funds are still coming in. The district received approximately $2.3 million in revenue in August, with $1.7 million of that coming from property tax levies. Monthly expenses totaled $2.63 million, and the cash fund balance as of August 31 was $50,020,372.

The board also approved the associated legal documents required for the budget process, including a resolution ratifying the publication of the legal notice and the setting of the budget hearing.