4. District Finances
DURKIN PARK ELEM SCHOOL (PK - 8) CITY OF CHICAGO SD 299
Principal Charles Beavers II
Chief Executive Officer Mr. Pedro Martinez
Address 8445 S KOLIN AVE CHICAGO IL 60652 (773) 535-2322
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District Finances:
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This display shows the Real Receipts total for this district and the percentage of the district’s Adequacy Target that the total represents. Learn More 

 

Real Receipts is a component of the calculation that determines a district’s Local Capacity Target. Real Receipts reflect a simulation of local tax revenue when multiplying Equalized Assessed Valuation (EAV) by the adjusted operating tax rate.

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.

When the Real Receipts amount is greater than the Local Capacity Target, the Local Capacity Target is increased by an amount equal to (Real Receipts – Local Capacity Target) X Preliminary Percentage of Adequacy.