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Meeting Agenda
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I. Call to Order
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II. Discussion Items
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II.A. Audit Discussion & Review - Nick Cavaliere, Baker Tilly
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II.B. Resolution to Authorize FY2025 Budget Development & Parameters
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II.C. 2024-25 Student Fee Recommendation - DISCUSSION
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II.D. 2024-25 Extended Day Program Participation Fees - DISCUSSION
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II.E. SSCIP Annual Insurance Coverage Renewal (Property, Liability and Cyber) - ACTION
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II.F. Financial Reporting to the Committee
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III. Adjournment
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Agenda Item Details
Reload Your Meeting
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| Meeting: | January 8, 2024 at 6:00 PM - Finance Committee Meeting | |
| Subject: |
I. Call to Order
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| Subject: |
II. Discussion Items
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| Subject: |
II.A. Audit Discussion & Review - Nick Cavaliere, Baker Tilly
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Description:
Nick will be joining the Finance Committee meeting to update the Committee on the FY23 audit, including the District's transition to a modified accrual basis of accounting.
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| Subject: |
II.B. Resolution to Authorize FY2025 Budget Development & Parameters
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Description:
The Board of Education is required to appoint an individual to prepare the budget in accordance with the legal requirements outlined in the Illinois School Code. Traditionally, the District has appointed the Assistant Superintendent for Finance & Operations to prepare the tentative and final budget for the 2025 fiscal year.
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Attachments:
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| Subject: |
II.C. 2024-25 Student Fee Recommendation - DISCUSSION
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Description:
Administration has prepared a brief overview of the annual student fees and discussed with the Finance Committee. At this time, the administration is not recommending an increase in fees for the 2024-25 school year.
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Attachments:
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| Subject: |
II.D. 2024-25 Extended Day Program Participation Fees - DISCUSSION
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Description:
Administration has prepared a brief overview of the participation fees for the Extended Day Program. At this time, the administration is recommending an increase in fees for the 2024-25 school year based on a survey of our neighboring districts.
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Attachments:
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II.E. SSCIP Annual Insurance Coverage Renewal (Property, Liability and Cyber) - ACTION
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Description:
Annually, the Board is asked to approve the payment of the premiums for property and liability as well as cyber liability insurance offered through the Suburban School Cooperative Insurance Pool (SSCIP).
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Attachments:
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II.F. Financial Reporting to the Committee
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Description:
Amy will provide an update on revenues and expenditures through 12/31/2023.
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Discussion:
Monthly review of Year to Date Revenue and Expenditures
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| Subject: |
III. Adjournment
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