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10th Logan County sales tax payment received for school facilities
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[January 14, 2013]
Logan-Mason-Menard Regional
Superintendent of Schools Jean Anderson's office has received the
10th payment of Logan County sales tax revenue for school
facilities. The payment received Thursday covers the sales month of
October, and the amount received was $146,304.84.
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 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 2012.
The funds received will be distributed to the school
districts on or before
Feb. 5.
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.
[to top of second column] |
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 |
|
June 2012 |
September 2012 |
$154,257.05 |
|
July 2012 |
October 2012 |
$137,416.08 |
|
August 2012 |
November 2012 |
$159,547.17 |
|
September 2012 |
December 2012 |
$144,808.72 |
|
October 2012 |
January 2013 |
$146,304.84 |
See table below for payments to school
districts.
[Text from file received from
Regional Office of Education 38]
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October 2012 sales tax
revenue
Monthly payment
received: $146,304.84
Divided by total number of students = $36.46680957
|
School
district |
Students residing
in Logan County |
Payment
breakdown |
School
percentage |
|
Athens |
1 |
$36.47 |
0.02% |
|
Chester-East
Lincoln |
260 |
$9,481.37 |
6.48% |
|
Clinton |
0 |
$- |
0.00% |
|
Delavan |
0 |
$- |
0.00% |
|
Greenview |
0 |
$- |
0.00% |
|
Hartsburg-Emden |
251 |
$9,153.17 |
6.26% |
|
Illini Central |
49 |
$1,786.87 |
1.22% |
|
Lincoln
Community High School |
843 |
$30,741.52 |
21.01% |
|
Lincoln
Elementary |
1,269 |
$46,276.38 |
31.63% |
|
Mount Pulaski |
507 |
$18,488.67 |
12.64% |
|
New
Holland-Middletown |
119 |
$4,339.55 |
2.97% |
|
Olympia |
411 |
$14,987.86 |
10.24% |
|
Warrensburg-Latham |
91 |
$3,318.48 |
2.27% |
|
West Lincoln-Broadwell |
205 |
$7,475.70 |
5.11% |
|
Williamsville |
6 |
$218.80 |
0.15% |
|
TOTALS |
4,012 |
$146,304.84 |
100.00% |
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