Meeting Agenda
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I. Call to Order
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II. Discussion Items
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II.A. TRS Audit
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II.B. Student Fee Recommendation
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II.C. Update on Lexington Development and Establishment of TIF District
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II.D. Financing Discussion and Strategy for Addressing FY2021 Needs
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II.E. FOIA Request - SmartProcure
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II.F. Financial Reporting to the Board
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III. Old Business
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III.A. Approval of Minutes - Finance Committee Meeting of November 30, 2020
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IV. New Business
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V. Adjournment
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Agenda Item Details
Reload Your Meeting
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Meeting: | January 4, 2021 at 5:30 PM - Finance Committee Meeting | |
Subject: |
I. Call to Order
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Subject: |
II. Discussion Items
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Subject: |
II.A. TRS Audit
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Description:
The Teachers' Retirement System of Illinois selected District 23 to participate in a field audit in early December. The purpose of the audit is to ensure correct earnings information and census data have been provided to TRS. Detailed contract and payroll information was requested for several staff members. The Human Resources Department and Business Office complied with the request within the required timeframe. On December 17th, we received a request from TRS for additional information and are working to provide that information as quickly as possible.
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Subject: |
II.B. Student Fee Recommendation
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Description:
We have prepared a brief overview of the annual student fees. At this time, administration is not recommending an increase in fees for the 2021-22 school year.
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Attachments:
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Subject: |
II.C. Update on Lexington Development and Establishment of TIF District
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Description:
The District has been following the City’s plan for redevelopment of the land adjacent to Muir Park and inclusive of the Jolly Fun House Academy. We have attended City meetings and have been in regular contact with City Administration as their plans have progressed. We have provided the attached update for the Committee's review.
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Attachments:
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Subject: |
II.D. Financing Discussion and Strategy for Addressing FY2021 Needs
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Description:
We have identified a few items that need further discussion and will require prioritization of funding in the areas of Technology, Summer Instruction and Capital Projects. We have attached a document for the Committee's review that addresses each of these areas and a plan for meeting the funding gap.
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Attachments:
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Subject: |
II.E. FOIA Request - SmartProcure
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Description:
One request for information was received in accordance with the Freedom of Information Act from Smart Procure, requesting vendor and purchase order information. All requests were responded to within the appropriate timeframe by the Business Office.
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Subject: |
II.F. Financial Reporting to the Board
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Description:
Monthly review of Year to Date Revenue and Expenditures
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Attachments:
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Subject: |
III. Old Business
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Subject: |
III.A. Approval of Minutes - Finance Committee Meeting of November 30, 2020
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Description:
The Finance Committee recommends approval of the minutes from the November 30, 2020 meeting as written.
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Attachments:
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Subject: |
IV. New Business
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Subject: |
V. Adjournment
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