Friday, October 12, 2012
 
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7th sales tax payment received for Logan County school facilities

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[October 12, 2012]  Logan-Mason-Menard Regional Superintendent of Schools Jean Anderson's office has received the seventh payment of Logan County sales tax revenue for school facilities. The payment received this week covers the sales month of July 2012. The amount received is $137,416.08.

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 outlined in the School Code portion of the Illinois Compiled Statutes. Distributions are based on housing and enrollment numbers that school officials reported to the Illinois State Board of Education in the fall of 2011.

Funds received Oct. 10 will be distributed to the school districts on or before Nov. 4.

State law directs regional education offices to distribute these funds and allows the offices 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.

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

Sales month

Tax 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

June 2012

September 2012

$154,257.05

July 2012

October 2012

$137,416.08

See table below for payments to school districts.

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


July 2012 sales tax revenue paid to districts

Monthly payment received: $137,416.08

Divided by total number of students = $34.14912525


School district

Students residing in Logan County

Payment
breakdown

School percentage

Athens

5

$170.74

0.12%

Chester-East Lincoln

285

$9,732.50

7.08%

Clinton

0

$ -

0.00%

Delavan

2

$68.30

0.05%

Greenview

0

$ -

0.00%

Hartsburg-Emden

220

$7,512.81

5.47%

Illini Central

47

$1,605.01

1.17%

Lincoln Community High School

848

$28,958.46

21.07%

Lincoln Elementary

1,323

$45,179.29

32.88%

Mount Pulaski

501

$17,108.71

12.45%

New Holland-Middletown

92

$3,141.72

2.29%

Olympia

408

$13,932.84

10.14%

Warrensburg-Latham

93

$3,175.87

2.31%

West Lincoln-Broadwell

196

$6,693.23

4.87%

Williamsville

4

$136.60

0.10%

Totals

4,024

$137,416.08

100.00%

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