October School Tax Report
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[January 30, 2015]
Logan-Mason-Menard Regional
Superintendent of Schools Jean Anderson's office has received a payment of Logan County sales tax revenue for school
facilities. The payment covers the sales month of
October 2014, and the amount received
was $172,548.13
|
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 2013.
The funds received will be distributed to the school
districts on or before
February 5, 2015
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 |
Received |
Amount |
October 2013 |
January 2014 |
$153,123.95 |
November 2013 |
February 2014 |
$146,358.16 |
December 2013 |
March 2014 |
$164,574.42 |
January 2014 |
April 2014 |
$137,975.12 |
February 2014 |
May 2014 |
$140,336.25 |
March 2014 |
June 2014 |
$152,038.57 |
April 2014 |
July 2014 |
$167,343.45 |
May 2014 |
August 2014 |
$170,335.55 |
June 2014 |
September 2014 |
$162,485.85 |
July 2014 |
October 2014 |
$161,794.62 |
August 2014 |
November 2014 |
$163545.33 |
September 2014 |
December 2014 |
$153398.91 |
October 2014 |
January 2015 |
$172,548.13 |
|
|
|
See table below for payments to school
districts.
[Text from file received from
Regional Office of Education 38] |
October sales tax revenue
received by Regional Office of Education 38
October 2014 Sales Tax Revenue |
|
PAID TO DISTRICT |
|
|
|
|
|
|
Monthly payment received |
$ 172,548.13 |
|
|
|
Divided by total number of students = |
$ 43.02945885 |
|
|
|
School District |
Students Residing |
|
Payment |
School |
|
in Logan County |
|
Breakdown |
Percentage |
Athens |
0 |
|
$ - |
0.00% |
Chester-East Lincoln |
288 |
|
$
12,392.48 |
7.18% |
Clinton |
0 |
|
$ - |
0.00% |
Delavan |
0 |
|
$ - |
0.00% |
Greenview |
0 |
|
$ - |
0.00% |
Hartsburg-Emden |
224 |
|
$ 9,638.60 |
5.59% |
Illini Central |
50 |
|
$ 2,151.47 |
1.25% |
Lincoln Comm. High School |
861 |
|
$ 37,048.36 |
21.47% |
Lincoln Elementary |
1239 |
|
$ 53,313.50 |
30.90% |
Mt. Pulaski |
541 |
|
$ 23,278.94 |
13.49% |
New Holland-Middletown |
106 |
|
$ 4,561.12 |
2.64% |
Olympia |
415 |
|
$ 17,857.23 |
10.35% |
Warrensburg-Latham |
77 |
|
$ 3,313.27 |
1.92% |
West Lincoln-Broadwell |
209 |
|
$ 8,993.16 |
5.21% |
Williamsville |
|
|
$ - |
0.00% |
TOTALS |
4010 |
|
$ 172,548.13 |
100.00% |
|