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Fund Balance

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City Colleges of Chicago FY2014 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the City Colleges tentative FY2014 budget totaling $657.0 million for continuing the District’s exemplary work to improve its financial and operational health. The FY2014 proposed budget holds the property tax…

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Civic Federation Supports City Colleges FY2014 Budget

Proposed budget holds property tax levy flat and prepares for State’s uncertain fiscal outlook (CHICAGO) In an analysis released today, the Civic Federation supports the City Colleges of Chicago’s proposed FY2014 budget of $657.0 million…

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City Colleges of Chicago Ends FY2012 With Healthy Level of Budget Reserves

In this blog, the Civic Federation will explore the City Colleges of Chicago’s fund balance levels as reported in its recently released Comprehensive…

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Chicago Public Schools' $328 Million Fund Balance Increase Reflects Early Receipt of Revenues, Not New Or Additional Funds

On January 23, 2013, the Chicago Public Schools (CPS) released its Comprehensive Annual Financial Report (CAFR) for the 2012 fiscal year. The fiscal…