August 21, 2025 at 6:30 PM - Finance Committee Meeting
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1. CALL TO ORDER/ROLL CALL
Description:
FINANCE COMMITTEE MEMBERS
Jay Oleniczak (BOE), Chair Mihra Seta (BOE), Co-Chair John P. Vranas (BOE) Michael Bartholomew, Community Member Adam Kriticos, Community Member Steven Pawlow, Community Member ADMINISTRATORS/STAFF Dr. David L. Russo, Superintendent of Schools Dr. Dominick M. Lupo, Assistant Superintendent for Curriculum & Instruction Courtney L. Whited, Business Manager/CSBO Jordan Stephen, Director of Technology |
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2. AUDIENCE TO VISITORS
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3. APPROVAL OF MINUTES
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3.a. Finance Committee Meeting Minutes - JULY 24, 2025
Description:
Motion by member:________________ Seconded by:____________________
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4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
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4.a. Fund Balance Report - JUNE 2025
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5. NEW BUSINESS
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5.a. INFORMATION/DISCUSSION: 2024-25 Administrator and Teacher Salary and Benefit Report Pursuant to PA 97-256
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5.b. INFORMATION/DISCUSSION: 2024-25 IMRF Salary and Benefits Report Pursuant to PA 97-0609
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5.c. INFORMATION/DISCUSSION/ACTION: Meal Magic Purchase for the 2025-2026 School Year
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5.d. INFORMATION/DISCUSSION/ACTION: MagicSchool AI Purchase for the 2025-2026 School Year
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6. INFORMATION/DISCUSSION: District Purchasing Update(s) - Dr. David L. Russo, Dr. Dominick M. Lupo, Jordan Stephen
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6.a. Heartland Business Systems 2025-2026
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6.b. Zoom Renewal for 2025-2026
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6.c. Scholastic BookFlix Renewal for 2025-2026
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6.d. Encyclopedia Britannica Renewal for 2025-2026
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6.e. Flocabulary Renewal for 2025-2026
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7. INFORMATION/DISCUSSION: District Finance Update - Courtney Whited, Business Manager/CSBO
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7.a. Finance Committee Meeting start time.
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7.b. A question was posed during the July Finance Committee meeting relative to the IL Funds and PNC Bank amounts and their interest yields.
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7.c. A question was posed during the July Finance Committee meeting relative to the investment policies to which the Niles Township School Treasurer adheres.
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7.d. As of August 13, 2025, Cook County had not yet released the Agency Tax Rate Report for Tax Year 2024. SD74 Administration continues to monitor local real estate tax collections closely.
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8. OLD BUSINESS
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8.a. INFORMATION/DISCUSSION/ACTION: SD74 Budget for Fiscal Year 2026
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8.b. INFORMATION/DISCUSSION: Various Bond Scenarios
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8.c. INFORMATION/DISCUSSION: DRAFT Referendum Verbiage
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9. ADJOURNMENT
Description:
Motion by member: _______________ Seconded by: ________________
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