Projector: June 10, 2021 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 - May 20, 2021

4. INFORMATION/DISCUSSION: FUND BALANCE REPORT

4.a. Fund Balance Report - APRIL 2021

5. OLD BUSINESS

5.a. INFORMATION/DISCUSSION/ACTION: Draft of Fiscal Year 2022 Tentative Budget

6. NEW BUSINESS

6.a. INFORMATION/DISCUSSION/ACTION: Amendment to Contract for Transportation Services August 1, 2021 - July 31, 2022

6.b. INFORMATION/DISCUSSION/ACTION: Illinois Public Risk Fund (IPRF) Workers’ Compensation Plan 2021-22

6.c. INFORMATION/DISCUSSION/ACTION: 2021-22 Collective Liability Insurance Cooperative (CLIC) Property/Casualty Insurance Renewal

6.d. INFORMATION/DISCUSSION/ACTION: Forecast5 Renewal

6.e. INFORMATION/DISCUSSION/ACTION: Working Cash Abatement to Capital Projects

7. INFORMATION/DISCUSSION: District Finance Update

8. ADJOURNMENT

Agenda Item

Agenda Item Details Reload Your Meeting
Meeting:	June 10, 2021 at 6:30 PM - Finance Committee Meeting
Subject:	1. CALL TO ORDER/ROLL CALL
Description: FINANCE COMMITTEE MEMBERS Kevin Daly (BOE), Chairman Peter D. Theodore (BOE) John P. Vranas (BOE) Michael Bartholomew, Community Member Reuben George, Community Member Maja Kenjar, Community Member Jason Oleniczak, Community Member Steven Pawlow, 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 - May 20, 2021
Description: Motion by member:________________ Seconded by:____________________
Attachments: 05_20_21 Finance Committee Meeting Minutes_FINAL 05_20_21 Finance Committee Meeting Minutes_FINAL 6/2/2021 at 11:36 AM
Subject:	4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
Subject:	4.a. Fund Balance Report - APRIL 2021
Attachments: 0_SD74 APR 2021 STATEMENT OF POSITION 0_SD74 APR 2021 STATEMENT OF POSITION 6/2/2021 at 11:39 AM
Subject:	5. OLD BUSINESS
Subject:	5.a. INFORMATION/DISCUSSION/ACTION: Draft of Fiscal Year 2022 Tentative Budget
Attachments: 6_Tentative Budget Draft 6_Tentative Budget Draft 6/3/2021 at 11:27 AM 6a_FY22 Tentative Budget FCM 20210610 6a_FY22 Tentative Budget FCM 20210610 6/3/2021 at 9:35 AM
Subject:	6. NEW BUSINESS
Subject:	6.a. INFORMATION/DISCUSSION/ACTION: Amendment to Contract for Transportation Services August 1, 2021 - July 31, 2022
Attachments: 3_Amendment to Transportation Contract FY22 3_Amendment to Transportation Contract FY22 6/2/2021 at 11:44 AM 3a_First Student SD74 FY22 3a_First Student SD74 FY22 6/2/2021 at 11:44 AM
Subject:	6.b. INFORMATION/DISCUSSION/ACTION: Illinois Public Risk Fund (IPRF) Workers’ Compensation Plan 2021-22
Attachments: 1_IPRF Workers_ Compensation 2020-21 1_IPRF Workers_ Compensation 2020-21 6/2/2021 at 11:41 AM 1a_Invoice 71604 1a_Invoice 71604 6/2/2021 at 11:41 AM 1b_Lincolnwood SD74 IPRF Proposal 1b_Lincolnwood SD74 IPRF Proposal 6/2/2021 at 11:41 AM 1c_IPRF 2020-2021 1c_IPRF 2020-2021 6/2/2021 at 11:41 AM
Subject:	6.c. INFORMATION/DISCUSSION/ACTION: 2021-22 Collective Liability Insurance Cooperative (CLIC) Property/Casualty Insurance Renewal
Attachments: 2_CLIC_PropertyCasualtyInsurance 2_CLIC_PropertyCasualtyInsurance 6/2/2021 at 11:42 AM 2a_P_C Pricing Sheet – Lincolnwood S.D #74 2a_P_C Pricing Sheet – Lincolnwood S.D #74 6/2/2021 at 11:42 AM 2b_P_C Loss Ratio Sheet – Lincolnwood S.D #74 2b_P_C Loss Ratio Sheet – Lincolnwood S.D #74 6/2/2021 at 11:42 AM 2c_P_C Loss Summary – Lincolnwood S.D #74 2c_P_C Loss Summary – Lincolnwood S.D #74 6/2/2021 at 11:42 AM 2d_SBLL Loss Ratio Sheet – Lincolnwood S.D #74 2d_SBLL Loss Ratio Sheet – Lincolnwood S.D #74 6/2/2021 at 11:43 AM 2e_Fiduciary Pricing Sheet – Lincolnwood S.D #74 2e_Fiduciary Pricing Sheet – Lincolnwood S.D #74 6/2/2021 at 11:43 AM
Subject:	6.d. INFORMATION/DISCUSSION/ACTION: Forecast5 Renewal
Attachments: 4_Forecast5 Subscription & Support 4_Forecast5 Subscription & Support 6/3/2021 at 8:58 PM 4a_Forecast5 Sales Invoice-INV14490 4a_Forecast5 Sales Invoice-INV14490 6/2/2021 at 11:45 AM
Subject:	6.e. INFORMATION/DISCUSSION/ACTION: Working Cash Abatement to Capital Projects
Attachments: 5_Working Cash Abatement for Molloy Project Payment 5_Working Cash Abatement for Molloy Project Payment 6/2/2021 at 11:46 AM 5a_2021-06-24 - Resolution Abating portion of WC Fund and transfer to CP - 1m NTDSE 5a_2021-06-24 - Resolution Abating portion of WC Fund and transfer to CP - 1m NTDSE 6/2/2021 at 11:46 AM 5b_SD74 Molloy Renovation Fee - Invoice 5b_SD74 Molloy Renovation Fee - Invoice 6/2/2021 at 11:47 AM
Subject:	7. INFORMATION/DISCUSSION: District Finance Update
Attachments: 7_Finance Update 7_Finance Update 6/3/2021 at 10:28 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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