5th Logan County sales tax payment received for school facilities

[August 15, 2012]  Logan-Mason-Menard Regional Superintendent of Schools Jean Anderson's office has received the fifth payment of the Logan County sales tax for school facilities. The payment covers the sales month of May and the amount was $160,382.94.

These funds go to all public school districts that have territory in Logan County, based on the number of students who live in that territory. The funds may be used by the districts for school facility purposes that are outlined in the School Code portion of the Illinois Compiled Statutes. Distributions are based on housing and enrollment figures reported by school officials to the Illinois State Board of Education in the fall of 2011.

The funds received in August will be distributed to the districts on or before Sept. 4.

State law directs regional offices to distribute these funds and allows them to hold the funds in their accounts for up to 30 days. School districts maintaining agreements with Regional Office of Education 38 permit the office to keep interest earned on the funds during that time. Interest accrued will be used to provide services to the school districts in the region, including the additional work and inspections resulting from expected construction, renovation and maintenance projects. The school districts receive a report on how much interest money is earned and how it is being spent. When no agreement is present, funds for that particular district are deposited in a non-interest-bearing account until distribution.

So far, the amounts collected and distributed for each month are as follows:

Sales month	Received	Amount
January 2012	April 2012	$121,217.13
February 2012	May 2012	$136,677.04
March 2012	June 2012	$155,850.51
April 2012	July 2012	$151,316.11
May 2012	August 2012	$160,382.94

See table below of payments to school districts.

[Text from files received from Regional Office of Education 38]

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May 2012 sales tax revenue

Monthly payment received: $160,382.94
Divided by total number of students: $39.85659543

School district	Students residing in Logan County	Payment breakdown	School percentage
Athens	5	$199.29	0.12%
Chester-East Lincoln	285	$11,359.13	7.08%
Clinton	0	$ -	0.00%
Delavan	2	$79.71	0.05%
Greenview	0	$ -	0.00%
Hartsburg-Emden	220	$8,768.45	5.47%
Illini Central	47	$1,873.26	1.17%
Lincoln Community High School	848	$33,798.39	21.07%
Lincoln Elementary	1,323	$52,730.28	32.88%
Mount Pulaski	501	$19,968.15	12.45%
New Holland-Middletown	92	$3,666.81	2.29%
Olympia	408	$16,261.49	10.14%
Warrensburg-Latham	93	$3,706.66	2.31%
West Lincoln-Broadwell	196	$7,811.89	4.87%
Williamsville	4	$159.43	0.10%
TOTALS	4,024	$160,382.94	100.00%