The budget shall specify:
         1. the several organization units, purposes, and
    
objects for which appropriations are made;
        2. the amount appropriated for each organization
    
unit, purpose or object; and
        3. the fund from or to which each amount
    
appropriated is to be paid or charged.
    The budget shall include appropriations for:

Terms Used In Illinois Compiled Statutes 105 ILCS 5/34-45

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

         1. all estimated current expenditures or charges to
    
be made or incurred during such fiscal year, including interest to accrue on anticipation tax warrants and temporary loans;
        2. all final judgments, including accrued interest
    
thereon, entered against the board and unpaid at the beginning of such fiscal year;
        3. any amount for which the board is required to
    
reimburse the working cash fund from the educational purposes fund pursuant to Sections 34-30 through 34-36; and
        4. all other estimated liabilities, including the
    
principal of all tax anticipation warrants and all temporary loans and all accrued interest thereon, incurred during prior years and unpaid at the beginning of such fiscal year.
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