4. District Finances
T ROOSEVELT ELEM SCHOOL (4 - 6) CICERO SD 99
Principal Mrs. Jennifer OConnor
District Superintendent Dr. Aldo Calderin
Address 1500 S 50TH AVE CICERO IL 60804 (708) 652-7833
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District Finances:
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This display shows this district’s Adequacy Target (the sum of all education cost factors as individually calculated based on the investments set in EBF), its level of EBF Final Resources and the resulting Percent of Adequacy (%) and EBF Tier assignment. Learn More 

 

Each year districts are assigned a Percentage of Adequacy that is the result of dividing the district’s calculated Resources by the Adequacy Target as defined by 105 ILCS 5/18-8.15.

Resources are defined as the district’s Local Capacity Target (LCT) + Corporate Personal Property Replacement Taxes (CPPRT) + Base Funding Minimum (BFM).

The Adequacy Target is the sum of all Education Cost Factors as calculated for each individual district multiplied by the Regionalization Factor that measures regional variations in salaries.

For more detailed information on determining a district’s Percentage of Adequacy please refer to the Evidence-Based Funding Distribution Technical Guide.