Projector: October 24, 2024 at 5:30 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 - JULY 18, 2024

3.b. Finance Committee Meeting Minutes - SEPTEMBER 19, 2024

4. INFORMATION/DISCUSSION: FUND BALANCE REPORT

4.a. Fund Balance Report - AUGUST 2024

5. OLD BUSINESS

6. NEW BUSINESS

6.a. INFORMATION/DISCUSSION/ACTION: 2024 Estimated Levy Draft

6.b. INFORMATION/DISCUSSION/ACTION: WasteNot, Inc. Service Contract

6.c. INFORMATION/DISCUSSION/ACTION: Heartland School Solutions - Mosaic Platform

7. INFORMATION/DISCUSSION: District Purchasing Update(s) - Dr. David L. Russo, Dr. Dominick M. Lupo, Jordan Stephen

7.a. Flocabulary Renewal for 2024-2025

7.b. XtraMath Renewal for 2024-2025

7.c. BreakoutEDU Renewal for 2024-2025

7.d. Signup Genius Platinum Renewal for 2024-2025

7.e. BrainPop ELL Addition 2024-2025

8. INFORMATION/DISCUSSION: District Finance Update - Courtney Whited, Business Manager/CSBO

8.a. On October 10th, District 219 indicated the intent to go out to bid for regular education transportation services for the District cohort including 70, 71, 74, and 219. After the 2015 contract and nine-year series of amendments to extend it, the Districts must issue a Request for Proposals.

8.b. Administration and District legal counsel are working through the process for the full Board's approval relative to the increase in Administrative Costs on the adopted FY2025 Budget.

8.c. In general, the Board of Education needs three meetings to address all necessary legal steps for the sale of working cash bonds.This timeline enables the District to generate working cash bond proceeds by April 15, 2025:

January 9, 2025 – Board adopts resolution of intent & a resolution calling a BINA hearing at regular meeting
February 6, 2025 – Board holds BINA hearing at regular meeting
March 6, 2025 – Board adopts parameters resolution for the bond sale
Late March 2025 – Bonds sold; delegates approve results
April 15, 2025 – Bond issue closes; District receives proceeds

9. ADJOURNMENT

Agenda Item

Agenda Item Details Reload Your Meeting
Meeting:	October 24, 2024 at 5:30 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 Jordan Stephen, Director of Technology
Subject:	2. AUDIENCE TO VISITORS
Subject:	3. APPROVAL OF MINUTES
Subject:	3.a. Finance Committee Meeting Minutes - JULY 18, 2024
Description: Motion by member:_______________ Seconded by:__________________
Attachments: 7_18_24_Finance_Minutes_FINAL 7_18_24_Finance_Minutes_FINAL 9/20/2024 at 11:55 AM
Subject:	3.b. Finance Committee Meeting Minutes - SEPTEMBER 19, 2024
Description: Motion by member:_______________ Seconded by:__________________
Attachments: 9_19_24_Finance_Minutes_FINAL 9_19_24_Finance_Minutes_FINAL 10/16/2024 at 3:16 PM
Subject:	4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
Subject:	4.a. Fund Balance Report - AUGUST 2024
Attachments: 0_SD74 AUG 2024 STATEMENT OF POSITION 0_SD74 AUG 2024 STATEMENT OF POSITION 10/16/2024 at 3:07 PM
Subject:	5. OLD BUSINESS
Subject:	6. NEW BUSINESS
Subject:	6.a. INFORMATION/DISCUSSION/ACTION: 2024 Estimated Levy Draft
Attachments: 1_2024 Levy Draft 1_2024 Levy Draft 10/17/2024 at 11:08 AM 1a_2024 Estimated Levy Draft SD74 FiCM OCT 2024 1a_2024 Estimated Levy Draft SD74 FiCM OCT 2024 10/17/2024 at 11:09 AM 1b_SD74 FY24 Ending FB with Cash Balance 1b_SD74 FY24 Ending FB with Cash Balance 10/17/2024 at 11:09 AM 1c_Estimated 2024 SD74 Tax Levy Resolution and Notice 1c_Estimated 2024 SD74 Tax Levy Resolution and Notice 10/17/2024 at 11:09 AM
Subject:	6.b. INFORMATION/DISCUSSION/ACTION: WasteNot, Inc. Service Contract
Attachments: 2_WasteNot Exec Summ Finance 2_WasteNot Exec Summ Finance 10/16/2024 at 3:09 PM 2a_Lincolnwood Service Contract WasteNot, Inc. 2a_Lincolnwood Service Contract WasteNot, Inc. 10/16/2024 at 3:09 PM 2b_Lincolnwood SD74 - Wastenot - Contract Amendment 2024 Signed 2b_Lincolnwood SD74 - Wastenot - Contract Amendment 2024 Signed 10/16/2024 at 3:09 PM 2c_WasteNot Proposal 2c_WasteNot Proposal 10/16/2024 at 3:09 PM
Subject:	6.c. INFORMATION/DISCUSSION/ACTION: Heartland School Solutions - Mosaic Platform
Attachments: 3_Heartland School Mosaic_ES_2024 3_Heartland School Mosaic_ES_2024 10/16/2024 at 3:10 PM 3a_Lincolnwood School District 74 Executed MealViewer MSA 9-19-24 srl 3a_Lincolnwood School District 74 Executed MealViewer MSA 9-19-24 srl 10/16/2024 at 3:10 PM 3b_Lincolnwood School District 74 Executed Heartland School Solutions MSSA 9-19-24 srl 3b_Lincolnwood School District 74 Executed Heartland School Solutions MSSA 9-19-24 srl 10/16/2024 at 3:10 PM Lincolnwood School District 74 - Mosaic FOH - 3 Sites Lincolnwood School District 74 - Mosaic FOH - 3 Sites 10/17/2024 at 11:35 AM 3d_Heartland Data Security and Privacy Plan 3d_Heartland Data Security and Privacy Plan 10/16/2024 at 3:11 PM
Subject:	7. INFORMATION/DISCUSSION: District Purchasing Update(s) - Dr. David L. Russo, Dr. Dominick M. Lupo, Jordan Stephen
Attachments: Updated District Purchasing October 2024 Updated District Purchasing October 2024 10/17/2024 at 12:52 PM
Subject:	7.a. Flocabulary Renewal for 2024-2025
Subject:	7.b. XtraMath Renewal for 2024-2025
Subject:	7.c. BreakoutEDU Renewal for 2024-2025
Subject:	7.d. Signup Genius Platinum Renewal for 2024-2025
Subject:	7.e. BrainPop ELL Addition 2024-2025
Subject:	8. INFORMATION/DISCUSSION: District Finance Update - Courtney Whited, Business Manager/CSBO
Attachments: 5_Finance Update OCT 24 2204 5_Finance Update OCT 24 2204 10/16/2024 at 3:14 PM
Subject:	8.a. On October 10th, District 219 indicated the intent to go out to bid for regular education transportation services for the District cohort including 70, 71, 74, and 219. After the 2015 contract and nine-year series of amendments to extend it, the Districts must issue a Request for Proposals.
Subject:	8.b. Administration and District legal counsel are working through the process for the full Board's approval relative to the increase in Administrative Costs on the adopted FY2025 Budget.
Subject:	8.c. In general, the Board of Education needs three meetings to address all necessary legal steps for the sale of working cash bonds.This timeline enables the District to generate working cash bond proceeds by April 15, 2025: January 9, 2025 – Board adopts resolution of intent & a resolution calling a BINA hearing at regular meeting February 6, 2025 – Board holds BINA hearing at regular meeting March 6, 2025 – Board adopts parameters resolution for the bond sale Late March 2025 – Bonds sold; delegates approve results April 15, 2025 – Bond issue closes; District receives proceeds
Subject:	9. 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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