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Office of Finance

Finance maintains the fiscal integrity of Chicago Public Schools and provides financial leadership to the Chicago Board of Education according to state and federal legislation, government regulations, Board policies, and sound financial practices.

Office of Finance

773-553-2710

773-553-2711 (Fax)

financedep@cps.edu

42 W. Madison St.
Chicago, IL 60602

We develop and manage CPS’ annual operating and capital budgets and Comprehensive Annual Financial Report, prepare long-term financial projections, secure both short-term and long-term resources to provide adequate liquidity, and provide data, information, analysis, knowledge and methods for our leaders to anticipate and respond effectively to the challenges facing Chicago Public Schools. 

Responsible for:

  • Spearheading CPS’ financial strategy to support effective budget planning
  • Maximizing available funds
  • Ensuring an equitable distribution of resources to support student success based on the district vision
  • Supporting the needs of students, families, staff, and community partners in interactions and communication with internal and external stakeholders
  • Developing and utilizing efficient financial systems
  • Monitoring and analyzing budgetary activity
  • Monitoring and implementing cost-effective operating processes
  • Providing timely and accurate financial reporting

Learn more

Departments

  • Office of the Chief Financial Officer

    Provides administration and oversight of all financial activities within the Office of Finance including the Office of the Controller, the Office of Budget and Grants Management, and the Office of Treasury and Risk Management.

    773-553-2710
    773-553-2711 (Fax)
    financedep@cps.edu
  • Office of the Controller

    (Accounts Payable, Accounts Receivable, Payroll, Internal Accounts, and Corporate Accounting)

    We manage financial operations and provide timely, accurate, and relevant financial reporting.

  • Office of Budget and Grants Management (OBGM)

    We support strategic utilization of all resources, aligning them to district mission and priorities, to increase student achievement.

    773-553-2560
    773-553-2561 (Fax)
    financedep@cps.edu

  • Office of the Treasurer and Risk Management

    Treasury manages debt, investments, and cash flow activities to optimize liquidity, maximize investment earnings, and obtain the most efficient financing for capital projects, given the Board’s available resources and risk tolerance.

    Risk Management manages the property and casualty exposure of the district’s plant and operations through insurance policies, self-insurance claims administration, and risk transfer via vendor contracts.

    773-553-2790 
    773-553-2791 (Fax)
    financedep@cps.edu