Northbrook District 27 Annual Report 2016-2017 | Página 16

KSF 5: HEALTHY FINANCIAL POSITION
The Department of Finance & Operations is committed to long-term strategic planning
for all operations, long-term financial planning and long-term cost containment efforts in
order to maintain financial solvency. We have taken this approach in managing the District’s
financial operations in order to be both fiscally responsible and reasonable.
Financial Management
The long-range financial projection model is updated continually to forecast revenues and expenditures and plan for any
new initiatives which may require additional funding. The projections allow for assessment of any current or future risk
in terms of revenue generation and its impact on expenditures for meeting an annual balanced budget.
Twice a year, the Board of Education reviews the District’s long-range financial projections in order to ensure the
fiscal solvency of the District. This review is conducted to maintain a stable financial position so that we can continue
providing excellence in programming for our students.
Revenue Sources, FY 17
Areas of Expenditures, FY 17
Please visit www.nb27.org and click on “Finance and Operations” under the “Departments” tab to view a copy
of the District’s Comprehensive Annual Financial Report.
14 District 27 • Annual Report • 2016-2017