Department of Business and Finance
marquardt school district 15
Marquardt School District 15's Department of Business and Finance is responsible for managing the District's budget and investments. The District's budget is used for teacher and employee salaries, services for students, school and facility maintenance, busing, and much more. In addition to the day-to-day financial operations of the district, the Department of Business and Finance uses bond funds for the construction of new schools and support facilities—as well as the renovation and updating of existing schools—to keep up with the District's growth. The Department practices fiscal responsibility and sound financial management in order to provide the financial resources for our students to be successful. The Finance Office has received the Excellence in Financial Reporting award yearly for over 30 years.
The department of Business & finance is responsible for:
Financial planning and budgeting
Fiscal accounting and financial reporting
Cash management and investing
Levying of property tax
State and federal claims
Insurance and risk management
Buildings and grounds
*Marquardt School District 15 has on file a negotiated agreement between the Marquardt School District 15 Board of Education and the Marquardt Education Association. The contract's effective dates are 2013-2019.
School funding and taxes
The school district does not levy tax based on a rate or an increase in a rate. The district levies taxes based on a dollar amount, and that dollar amount is limited to an increase each year of the Consumer Price Index (CPI) or 5%, whichever is less. The DuPage County Clerk’s office divides that dollar amount by the total Equalized Assessed Valuation (EAV) of all properties in the school district.
School District Tax Extension / Total EAV = Tax Rate
When the Total EAV in the District increases, the tax rate decreases to ensure the school district only receives the dollars it is entitled to. Conversely, when the Total EAV decreases, the tax rate increases to ensure the school district receives the dollars it is entitled to. Please visit our list of Business and Finance Frequently Asked Questions to learn more.
District Budget Documents and reports
business and operations/CSBO, ED. D
Business and Operations
(630) 469-7615 ext. 1091
(630) 469-7615 ext. 1175
(630) 469-7615 ext. 1174