Projector: October 22, 2020 at 6:30 PM - Finance Committee Meeting

Meeting Agenda

1. CALL TO ORDER/ROLL CALL

2. AUDIENCE TO VISITORS

3. APPROVAL OF MINUTES

3.a. Finance Committee Meeting Minutes - AUGUST 20, 2020

4. INFORMATION/DISCUSSION: FUND BALANCE REPORT

4.a. Fund Balance Report - AUGUST 2020

5. OLD BUSINESS

6. NEW BUSINESS

6.a. INFORMATION/DISCUSSION: President Anderson's Appointment of Zade Tagani to the Finance Committee at the October 1, 2020 Lincolnwood School District 74 Board of Education Meeting

6.b. INFORMATION/DISCUSSION/ACTION: Resolution Regarding IDOT Hazardous Transportation Routes

6.c. INFORMATION/DISCUSSION/ACTION: Partnership Financial Credit Union $1,000 Donation to Lincolnwood School District

6.d. INFORMATION/DISCUSSION: FY20 Audit Draft by Lauterbach & Amen, LLP

6.e. INFORMATION/DISCUSSION/ACTION: 2020 Proposed Property Tax Levy

6.f. INFORMATION/DISCUSSION: Debt Discussion with PMA Securities, LLC

7. INFORMATION/DISCUSSION: District Finance Update

8. ADJOURNMENT

Agenda Item

Agenda Item Details Reload Your Meeting
Meeting:	October 22, 2020 at 6:30 PM - Finance Committee Meeting
Subject:	1. CALL TO ORDER/ROLL CALL
Description: FINANCE COMMITTEE MEMBERS Kevin Daly (BOE), Chairman John P. Vranas (BOE) Mike Bartholomew, Community Member Steven Pawlow, Community Member Dr. Bharat K. Shah, Community Member Zade Tagani, Community Member ADMINISTRATORS/STAFF Dr. Kimberly A. Nasshan, Superintendent of Schools Dr. David L. Russo, Assistant Superintendent of Curriculum and Instruction Courtney Whited, Business Manager/CSBO
Subject:	2. AUDIENCE TO VISITORS
Subject:	3. APPROVAL OF MINUTES
Subject:	3.a. Finance Committee Meeting Minutes - AUGUST 20, 2020
Attachments: _08_20_20_Finance_Committee_Meeting_Minutes_Final (3) _08_20_20_Finance_Committee_Meeting_Minutes_Final (3) 10/8/2020 at 3:22 PM
Subject:	4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
Subject:	4.a. Fund Balance Report - AUGUST 2020
Attachments: 1_SD74 AUG 2020 STATEMENT OF POSITION 1_SD74 AUG 2020 STATEMENT OF POSITION 10/15/2020 at 9:36 AM
Subject:	5. OLD BUSINESS
Subject:	6. NEW BUSINESS
Subject:	6.a. INFORMATION/DISCUSSION: President Anderson's Appointment of Zade Tagani to the Finance Committee at the October 1, 2020 Lincolnwood School District 74 Board of Education Meeting
Subject:	6.b. INFORMATION/DISCUSSION/ACTION: Resolution Regarding IDOT Hazardous Transportation Routes
Attachments: 2_ES_Transportation Hazards 2_ES_Transportation Hazards 10/15/2020 at 10:03 AM 2a_2020-21 Resolution Re IDOT Hazardous Routes 2a_2020-21 Resolution Re IDOT Hazardous Routes 10/15/2020 at 10:03 AM
Subject:	6.c. INFORMATION/DISCUSSION/ACTION: Partnership Financial Credit Union $1,000 Donation to Lincolnwood School District
Attachments: 3_ES_PFCU_Donation 3_ES_PFCU_Donation 10/15/2020 at 10:04 AM 3a_PFCU Donation 3a_PFCU Donation 10/15/2020 at 10:05 AM
Subject:	6.d. INFORMATION/DISCUSSION: FY20 Audit Draft by Lauterbach & Amen, LLP
Attachments: 4_ES_FY20 Audit Draft 4_ES_FY20 Audit Draft 10/16/2020 at 11:23 AM 4a_SD74 FY20 Audit - Final DRAFT 4a_SD74 FY20 Audit - Final DRAFT 10/16/2020 at 11:23 AM 4b_Management Letter - 20 Final DRAFT 4b_Management Letter - 20 Final DRAFT 10/16/2020 at 11:24 AM 4c_SAS 114 - 20 - Municipalities 4c_SAS 114 - 20 - Municipalities 10/16/2020 at 11:24 AM 4d_LincolnwoodSD#74_GASB 74_75_Actuary Report_6.30.20-FINAL 4d_LincolnwoodSD#74_GASB 74_75_Actuary Report_6.30.20-FINAL 10/16/2020 at 11:24 AM
Subject:	6.e. INFORMATION/DISCUSSION/ACTION: 2020 Proposed Property Tax Levy
Attachments: 5_ES_Levy 2020 5_ES_Levy 2020 10/15/2020 at 10:08 AM 5a_2020 Levy Proposals 20201022FCM 5a_2020 Levy Proposals 20201022FCM 10/16/2020 at 11:47 AM 5b_Levy Notice - LSD74 - FY2021 (Truth in Taxation not reqd) 5b_Levy Notice - LSD74 - FY2021 (Truth in Taxation not reqd) 10/16/2020 at 11:25 AM 5c_Estimated Tax Levy Resolution - LSD74 - FY2021 5c_Estimated Tax Levy Resolution - LSD74 - FY2021 10/16/2020 at 11:25 AM
Subject:	6.f. INFORMATION/DISCUSSION: Debt Discussion with PMA Securities, LLC
Attachments: 6_ES_Bond Opportunities 6_ES_Bond Opportunities 10/15/2020 at 10:19 AM 6a_PMA Lincolnwood 74 102220 6a_PMA Lincolnwood 74 102220 10/15/2020 at 3:26 PM
Subject:	7. INFORMATION/DISCUSSION: District Finance Update
Attachments: Finance Updates 10_22_2020 Finance Updates 10_22_2020 10/15/2020 at 10:20 AM
Subject:	8. ADJOURNMENT
Description: Motion by Member: ________________________ Seconded by: ___________________________
Dr. Kimberly A. Nasshan, Superintendent of Schools Lincolnwood School District 74 is subject to the requirements of the Americans with Disabilities Act of 1990. Individuals with disabilities who plan to attend this meeting and who require certain accommodations in order to allow them to observe and/or participate in this meeting, or who have questions regarding the accessibility of this meeting or facility, are requested to contact the District Office at 847-675-8234 promptly to allow Lincolnwood School District 74 to make reasonable accommodations for those persons.

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