Projector: May 18, 2023 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 - April 20, 2023

4. INFORMATION/DISCUSSION: FUND BALANCE REPORT

4.a. Fund Balance Report - MARCH 2023

5. OLD BUSINESS

5.a. Transportation Contract 2023-24 with First Student, Inc.

6. NEW BUSINESS

6.a. FY24 & FY25 Audit Services

6.b. GASB 74/75 Actuarial Valuation Services from Lauterbach & Amen, LLP

6.c. FY24 Facility Rental Fee Waiver Request from LBSA

6.d. FY24 Preliminary Budget Assumptions

6.e. Discovery Education, Inc. K-8 Streaming License for 2023-2024

6.f. BrainPop/BrainPop Jr. Renewal Contract for 2023-2024 School Year

6.g. 2023-2024 Encyclopedia Britannica Renewal

6.h. Interactive Display Refresh

6.i. 2023-2024 Learning A-Z Product Renewal

6.j. 2023-2028 Finalsite Inc. Website and Hosting Services Contract

6.k. 2022-2023 PebbleGo Renewal

6.l. Annual Renewal of Formative at Rutledge Hall for 2023-2024

6.m. Renewal of Seesaw for Schools for Todd Hall for 2023-2024

6.n. Renaissance Learning Renewal of FastBridge for 2023-2024

7. INFORMATION/DISCUSSION: District Finance Update

7.a. CLIC Cyber Liability Coverage for FY24

8. ADJOURNMENT

Agenda Item

Agenda Item Details Reload Your Meeting
Meeting:	May 18, 2023 at 6:30 PM - Finance Committee Meeting
Subject:	1. CALL TO ORDER/ROLL CALL
Description: FINANCE COMMITTEE MEMBERS Peter D. Theodore (BOE), Chair Jay Oleniczak (BOE), Co-Chair John P. Vranas (BOE) Michael Bartholomew, Community Member Maja Kenjar, Community Member Steven Pawlow, Community Member Paul Stellatos, Community Member ADMINISTRATORS/STAFF Dr. David L. Russo, Superintendent of Schools Dr. Dominick M. Lupo, Assistant Superintendent for 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 - April 20, 2023
Description: Motion by member:________________ Seconded by:____________________
Attachments: 4_20_23_FINANCE Meeting FINAL 4_20_23_FINANCE Meeting FINAL 5/10/2023 at 5:38 PM
Subject:	4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
Subject:	4.a. Fund Balance Report - MARCH 2023
Attachments: 0_D74 MAR 2023 STATEMENT OF POSITION 0_D74 MAR 2023 STATEMENT OF POSITION 5/11/2023 at 3:28 PM
Subject:	5. OLD BUSINESS
Subject:	5.a. Transportation Contract 2023-24 with First Student, Inc.
Attachments: 1_Transportation FY24 1_Transportation FY24 5/11/2023 at 3:30 PM 1a_Lincolnwood SD 74-First Student-2023-2024 1a_Lincolnwood SD 74-First Student-2023-2024 5/11/2023 at 3:30 PM 1b_FY16 Original Transportation Bid 1b_FY16 Original Transportation Bid 5/11/2023 at 3:30 PM
Subject:	6. NEW BUSINESS
Subject:	6.a. FY24 & FY25 Audit Services
Attachments: 2_Auditor Letter of Engagement 2023-2025 2_Auditor Letter of Engagement 2023-2025 5/11/2023 at 1:37 PM 2a_Lincolnwood SD 0623-0625 2a_Lincolnwood SD 0623-0625 5/11/2023 at 1:05 PM
Subject:	6.b. GASB 74/75 Actuarial Valuation Services from Lauterbach & Amen, LLP
Attachments: 3_Actuarial Services FY24 & FY25 Lauterbach Amen 3_Actuarial Services FY24 & FY25 Lauterbach Amen 5/11/2023 at 3:40 PM 3a_Lincolnwood SD#74 _Actuary_2yrs_06-2024_06-2025 (w Certification) Signed 3a_Lincolnwood SD#74 _Actuary_2yrs_06-2024_06-2025 (w Certification) Signed 5/11/2023 at 1:06 PM
Subject:	6.c. FY24 Facility Rental Fee Waiver Request from LBSA
Attachments: 5_FY24 Facility Rental Fees LBSA 5_FY24 Facility Rental Fees LBSA 5/11/2023 at 6:23 PM 5a_2023-04-20 LBSA Request for Waived Fees 5a_2023-04-20 LBSA Request for Waived Fees 5/11/2023 at 1:06 PM
Subject:	6.d. FY24 Preliminary Budget Assumptions
Attachments: 6_FY24 Preliminary Budget Assumptions 6_FY24 Preliminary Budget Assumptions 5/11/2023 at 3:45 PM 6a_FY24 Preliminary Budget Assumptions FCM 20220518 6a_FY24 Preliminary Budget Assumptions FCM 20220518 5/11/2023 at 3:45 PM
Subject:	6.e. Discovery Education, Inc. K-8 Streaming License for 2023-2024
Attachments: 7_ES_Discovery_2023 7_ES_Discovery_2023 5/11/2023 at 3:47 PM
Subject:	6.f. BrainPop/BrainPop Jr. Renewal Contract for 2023-2024 School Year
Attachments: 8_ES_Brainpop_23 8_ES_Brainpop_23 5/11/2023 at 1:14 PM 8a_Lincolnwood IL Quote 2023 8a_Lincolnwood IL Quote 2023 5/11/2023 at 1:14 PM 8b_Privacy Policy - BrainPOP 8b_Privacy Policy - BrainPOP 5/11/2023 at 1:14 PM 8c_Terms of Use - BrainPOP 8c_Terms of Use - BrainPOP 5/11/2023 at 1:14 PM
Subject:	6.g. 2023-2024 Encyclopedia Britannica Renewal
Attachments: 9_ES_Britannica School Subscription_2023 9_ES_Britannica School Subscription_2023 5/11/2023 at 1:14 PM 9a_Britannica Formal Quote 23_24 Signed 9a_Britannica Formal Quote 23_24 Signed 5/11/2023 at 1:14 PM 9b_EXHIBIT C 2022 08 17 Britannica Education Institutional User - Terms of Use 9b_EXHIBIT C 2022 08 17 Britannica Education Institutional User - Terms of Use 5/11/2023 at 1:14 PM 9c_Terms Of Use - Encyclopædia Britannica, Inc. Corporate Site 9c_Terms Of Use - Encyclopædia Britannica, Inc. Corporate Site 5/11/2023 at 1:14 PM
Subject:	6.h. Interactive Display Refresh
Attachments: ES_BenQ_2023 (2) ES_BenQ_2023 (2) 5/12/2023 at 10:41 AM 10a_1206-rm03-datasheet 10a_1206-rm03-datasheet 5/11/2023 at 1:16 PM 10b_quote720251-2 10b_quote720251-2 5/11/2023 at 1:17 PM
Subject:	6.i. 2023-2024 Learning A-Z Product Renewal
Attachments: 11_ES_Learning A-Z_23-24 11_ES_Learning A-Z_23-24 5/11/2023 at 1:19 PM 11a_Lincolnwood School District 74 - RAZ-PLUS,RAZ-ELL,VOCAB - 10143690 (1) 11a_Lincolnwood School District 74 - RAZ-PLUS,RAZ-ELL,VOCAB - 10143690 (1) 5/11/2023 at 1:19 PM 11b_Privacy Policy LAZ 11b_Privacy Policy LAZ 5/11/2023 at 1:19 PM 11c_Terms of Service LAZ 11c_Terms of Service LAZ 5/11/2023 at 1:19 PM
Subject:	6.j. 2023-2028 Finalsite Inc. Website and Hosting Services Contract
Attachments: 12_ES_2022-23 FinalsiteContract .docx 12_ES_2022-23 FinalsiteContract .docx 5/11/2023 at 6:17 PM 12a_Lincolnwood School District 74 - Signed WCM Conversion Finalsite 12a_Lincolnwood School District 74 - Signed WCM Conversion Finalsite 5/11/2023 at 1:26 PM 12b_Finalsite_Master_Terms_and_Conditions_US_Education_Agencies_Sept_2022 12b_Finalsite_Master_Terms_and_Conditions_US_Education_Agencies_Sept_2022 5/11/2023 at 1:26 PM 12c_US_Finalsite_Customer_DPA_-_Sept_2022 (4) - signed 12c_US_Finalsite_Customer_DPA_-_Sept_2022 (4) - signed 5/11/2023 at 1:26 PM
Subject:	6.k. 2022-2023 PebbleGo Renewal
Attachments: 13_ES_2023_PebbleGo 13_ES_2023_PebbleGo 5/11/2023 at 1:27 PM 13a_IL Q-11889 Todd Hall Elementary School 1.11.23 signed 13a_IL Q-11889 Todd Hall Elementary School 1.11.23 signed 5/11/2023 at 1:27 PM 13b_EULA-Capstone_CI_PBG_License_Agreement_LLC 13b_EULA-Capstone_CI_PBG_License_Agreement_LLC 5/11/2023 at 1:27 PM
Subject:	6.l. Annual Renewal of Formative at Rutledge Hall for 2023-2024
Attachments: 14_ES_Formative_2023 14_ES_Formative_2023 5/11/2023 at 1:28 PM 14a_Formative Presigned Quote_Rutledge Hall ES 23-24 14a_Formative Presigned Quote_Rutledge Hall ES 23-24 5/11/2023 at 1:28 PM 14b_Formative_ITandPrivacy 14b_Formative_ITandPrivacy 5/11/2023 at 1:28 PM 14c_Formative TandC_Complete_with_DocuSign_Lincolnwood_SD74_-_Fo 14c_Formative TandC_Complete_with_DocuSign_Lincolnwood_SD74_-_Fo 5/11/2023 at 1:28 PM
Subject:	6.m. Renewal of Seesaw for Schools for Todd Hall for 2023-2024
Attachments: 15_ES_Seesaw_2023 15_ES_Seesaw_2023 5/11/2023 at 1:29 PM 15a_Please_Sign_Your_Seesaw_for_Schools_Document 15a_Please_Sign_Your_Seesaw_for_Schools_Document 5/11/2023 at 1:29 PM 15b_Please_sign_Addendum_-_Seesaw_-_Lincolnwood_ 15b_Please_sign_Addendum_-_Seesaw_-_Lincolnwood_ 5/11/2023 at 1:29 PM
Subject:	6.n. Renaissance Learning Renewal of FastBridge for 2023-2024
Attachments: 16_ES_FastBridge_2023_Finance 16_ES_FastBridge_2023_Finance 5/11/2023 at 1:31 PM 16a_FASTBRIDGE Quote 16a_FASTBRIDGE Quote 5/11/2023 at 1:31 PM 16b_Q2935450 with Amendment 2023 - RL signed 16b_Q2935450 with Amendment 2023 - RL signed 5/11/2023 at 1:31 PM 16c_NEW RLI Terms of Service Jan 2023 - final (2) 16c_NEW RLI Terms of Service Jan 2023 - final (2) 5/11/2023 at 1:31 PM 16d_IL_NDPA_V1a_RLSigned 16d_IL_NDPA_V1a_RLSigned 5/11/2023 at 1:31 PM
Subject:	7. INFORMATION/DISCUSSION: District Finance Update
Attachments: 4_Finance Update (1) 4_Finance Update (1) 5/12/2023 at 9:33 AM
Subject:	7.a. CLIC Cyber Liability Coverage for FY24
Subject:	8. ADJOURNMENT
Description: Motion by member: _______________ Seconded by: ________________
Dr. David L. Russo, 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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