Financial Information and Reporting
Financial Information
Since the 2015-2016 school year and subsequent deficit reduction plan, the Bethalto School District has made financial progress, while improving wages and benefits for employees and allowing the tax rate to decrease.
Financial Profile Score
This indicator is a measure of a school district's financial risk, as determined by the Illinois State Board of Education. The district's Financial Profile Score has improved from a 2.45 - Financial Watch (highest financial risk) to between a 3.60 and 3.80 - Financial Recognition (highest financial strength).
This indicator is a measure of a school district's financial risk, as determined by the Illinois State Board of Education. The district's Financial Profile Score has improved from a 2.45 - Financial Watch (highest financial risk) to between a 3.60 and 3.80 - Financial Recognition (highest financial strength).
Days Cash on Hand
This indicator provides a projected estimate of the number of days a district could meet operating expenditures provided no additional revenues were received. The district's days cash on hand has improved from 23 days (not enough to cover one month's worth of expenditures) to over 160 days.
This indicator provides a projected estimate of the number of days a district could meet operating expenditures provided no additional revenues were received. The district's days cash on hand has improved from 23 days (not enough to cover one month's worth of expenditures) to over 160 days.
Fund Balance to Revenue Ratio
This indicator reflects the financial strength of the district by dividing the ending fund balances by the revenues for the four operating and negative IMRF/SS funds. This district's fund balance and revenue ratio has improved from a low of 0.080 (8%) to a much more stable financial footing of over 0.400 (40%).
This indicator reflects the financial strength of the district by dividing the ending fund balances by the revenues for the four operating and negative IMRF/SS funds. This district's fund balance and revenue ratio has improved from a low of 0.080 (8%) to a much more stable financial footing of over 0.400 (40%).
Expenditure to Revenue Ratio
This indicator reflects how much is expended for each dollar received by dividing the total expenditures for three of the four operating funds by the revenues for those same funds plus the Working Cash Fund. This district's expenditure to revenue ratio has improved from a high of 1.040 ($1.04 spent for every $1.00 received) to a much more stable ratio below 0.950 (less than $0.95 spent for every $1.00 received).
This indicator reflects how much is expended for each dollar received by dividing the total expenditures for three of the four operating funds by the revenues for those same funds plus the Working Cash Fund. This district's expenditure to revenue ratio has improved from a high of 1.040 ($1.04 spent for every $1.00 received) to a much more stable ratio below 0.950 (less than $0.95 spent for every $1.00 received).
Average Starting Category Hourly Rate
This graph shows the increase in average starting hourly rates across all categories for district hourly employees. Over seven years, the average starting category hourly rate will have increased by $4.64 per hour. As district finances have improved, wages and benefits have improved for district employees.
This graph shows the increase in average starting hourly rates across all categories for district hourly employees. Over seven years, the average starting category hourly rate will have increased by $4.64 per hour. As district finances have improved, wages and benefits have improved for district employees.
Starting Teacher Salary
This graph shows the increase in starting salary for district teachers. Over seven years, the starting teacher salary will have increased by $9,511 per year. As district finances have improved, wages and benefits have improved for district employees.
This graph shows the increase in starting salary for district teachers. Over seven years, the starting teacher salary will have increased by $9,511 per year. As district finances have improved, wages and benefits have improved for district employees.
Operating Tax Rate
This graph shows the operating tax rate of the district. After a necessary increase to address the district's financial situation, the district has allowed the tax rate to decrease each year.
This graph shows the operating tax rate of the district. After a necessary increase to address the district's financial situation, the district has allowed the tax rate to decrease each year.
Current Bid Documents and Prevailing Wage Notification
No Current Bid Documents
Financial Reporting
Contact Information
Barrett Deist, Ed.D.
Chief School Business Official
Bethalto Community Unit School District No. 8
101 School Street
Bethalto, IL 62010
(618) 377-7200 x17203
bdeist@bethalto.org
Heather Pinter
Treasurer/Payroll & Benefits
Bethalto Community Unit School District No. 8
101 School Street
Bethalto, IL 62010
(618) 377-7200 x17208
hpinter@bethalto.org
Jennifer Seals
Accounts Payable
Bethalto Community Unit School District No. 8
101 School Street
Bethalto, IL 62010
(618) 377-7200 x17206
jseals@bethalto.org
Chief School Business Official
Bethalto Community Unit School District No. 8
101 School Street
Bethalto, IL 62010
(618) 377-7200 x17203
bdeist@bethalto.org
Heather Pinter
Treasurer/Payroll & Benefits
Bethalto Community Unit School District No. 8
101 School Street
Bethalto, IL 62010
(618) 377-7200 x17208
hpinter@bethalto.org
Jennifer Seals
Accounts Payable
Bethalto Community Unit School District No. 8
101 School Street
Bethalto, IL 62010
(618) 377-7200 x17206
jseals@bethalto.org