Budgets And Financial Information

Budgets And Financial Information


Carl Sandburg College Budget


The Annual Budget serves as the financial plan for all funds of the College.  It has been developed utilizing a comprehensive, quality-enhancing approach designed to make the budget easily understood.  We believe the budget information presents the College's future plans and financial impact and includes information that has been suggested by the Board of Trustees, community members and staff.  All interested parties are encouraged to interact with College administration.  Interaction among interested groups consistently leads to operational and educational improvements.  The current budget may be opened in PDF format with this link: Annual Budget, Educational & Financial Plan.


A Meritorious Budget Award is presented by the Association of School Business Officials International (ASBO) for excellence in the preparation and issuance of a school's system budget.  The budget is judged to conform to the principles and standards of the ASBO International Meritorious Budget Awards Program.  Carl Sandburg College District 518 has received this award for the following fiscal years:


  2005     2006     2007     2008     2009     2010    2011    2012   2013


The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to Carl Sandburg College District 518 for the Annual Budget beginning July 1, 2008 (fiscal year 2009), the first time the College submitted an application.  In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device. We hav continued to submit applications for each year since then and have received the award for every fiscal year through 2013.  We are looking forward to submitting the application for fiscal year 2014.


Carl Sandburg College Financial Report


The College's financial reports are prepared in accordance with the Governmental Accounting Standards Board (GASB) principles, which establish standards for external financial reporting for public colleges and universities.  These standards also require that financial statements be presented on a consolidated basis to focus on the College as a whole.  The current Financial Report may be opened in PDF format with this link:   2013 Comprehensive Annual Financial Report


A Certificate of Achievement for Excellence in Financial Reporting (CAEFR) is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports achieve the highest standards in government accounting and financial reporting. Carl Sandburg College District 518 has been a recipient of this award for the following fiscal years:


2003     2004     2005     2006    2007   2008     2009     2010    2011   2012