7th sales tax payment received for Logan County school facilities

[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.

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]

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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%