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 the 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: 2022 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 Budget   2006 Budget   2007 Budget   2008 Budget   2009 Budget   2010 Budget   2011 Budget 

2012 Budget   2013 Budget   2014 Budget   2015 Budget    2016 Budget   2017 Budget   2018 Budget

2019 Budget    2020 Budget  2021 Budget


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 (the 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 have continued to submit applications for each year since then and have received the award for every fiscal year through 2019.  We are looking forward to submitting the application for the fiscal year 2020.


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:   2020 Comprehensive Annual Financial Report.


A Certificate of Achievement for Excellence in Financial Reporting (CAFR) 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 Report  2004 Report  2005 Report   2006 Report    2007 Report  2008 Report  2009 Report  2010 Report  

2011 Report  2012 Report  2013 Report   2014 Report   2015 Report   2016 Report  2017 Report  2018 Report 

2019 Report