Projector: November 21, 2024 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 - JULY 18, 2024

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

3.c. Finance Committee Meeting Minutes - OCTOBER 24, 2024

4. INFORMATION/DISCUSSION: FUND BALANCE REPORT

4.a. Fund Balance Report - SEPTEMBER 2024

5. OLD BUSINESS

5.a. INFORMATION/DISCUSSION/ACTION: Heartland School Solutions - Mosaic Platform

5.b. INFORMATION/DISCUSSION/ACTION: Final 2024 Levy

6. NEW BUSINESS

6.a. INFORMATION/DISCUSSION: FY24 Final Audit and The OPEB GASB 74/75 by Lauterbach & Amen, LLP

6.b. INFORMATION/DISCUSSION/ACTION: 2025-26 School Fees Draft

6.c. INFORMATION/DISCUSSION/ACTION: Annual Renewal of Building Automated Systems (BAS) Maintenance and Support

6.d. INFORMATION/DISCUSSION/ACTION: Donation of Floor Hockey Equipment from The Chicago Blackhawks

6.e. INFORMATION/DISCUSSION: Comprehensive District Software Inventory Report

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

7.a. After consultation with Legal Counsel, the Niles Township transportation cohort (70, 71, 74, 219) agreed to negotiate with First Student, Inc. Bus Company for a one-year extension for regular education transportation spanning 08/01/2025 to 07/31/2026.

7.b. The District will hold a public hearing at the December 5, 2024 Board of Education meeting to receive public testimony from educators, parents, and students on a proposal to seek a waiver of a School Code mandate. Following the conclusion of the hearing, the Board of Education may take action to approve the waiver application. Approval of the proposal would seek a one-year waiver of School Code Section 17-1.5, which limits the increase in administrative expenditures for the current school year to not exceed 5% over the prior school year. Waivers may be granted due to circumstances beyond the control of the district where the district has exhausted all available and reasonable remedies to comply with the limitation. The attached notice is scheduled to appear in the 11/21/2024 Lincolnwood Review.

8. ADJOURNMENT

Agenda Item

Agenda Item Details Reload Your Meeting
Meeting:	November 21, 2024 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 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:	3.c. Finance Committee Meeting Minutes - OCTOBER 24, 2024
Description: Motion by member:_______________ Seconded by:__________________
Attachments: 10_24_24_Finance_Minutes_FINAL 10_24_24_Finance_Minutes_FINAL 11/11/2024 at 2:04 PM
Subject:	4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
Subject:	4.a. Fund Balance Report - SEPTEMBER 2024
Attachments: 0_D74 0_SEPT 2024 STATEMENT OF POSITION 0_D74 0_SEPT 2024 STATEMENT OF POSITION 11/14/2024 at 10:54 AM
Subject:	5. OLD BUSINESS
Subject:	5.a. INFORMATION/DISCUSSION/ACTION: Heartland School Solutions - Mosaic Platform
Description:
Attachments: ES_Heartland School Mosaic_2024 ES_Heartland School Mosaic_2024 11/14/2024 at 3:06 PM 4a_Heartland Data Security and Privacy Plan 4a_Heartland Data Security and Privacy Plan 11/14/2024 at 10:55 AM 4b_Lincolnwood School District 74 - Mosaic BOH - 3 sites 4b_Lincolnwood School District 74 - Mosaic BOH - 3 sites 11/14/2024 at 10:55 AM 4c_Lincolnwood School District 74 Executed Heartland School Solutions MSSA 9-19-24 srl 4c_Lincolnwood School District 74 Executed Heartland School Solutions MSSA 9-19-24 srl 11/14/2024 at 10:55 AM 4d_Lincolnwood School District 74 Executed MealViewer MSA 9-19-24 srl 4d_Lincolnwood School District 74 Executed MealViewer MSA 9-19-24 srl 11/14/2024 at 10:55 AM 4e_Lincolnwood SD74 - Executed Heartland Mealview - Contract Amendment 2024 4e_Lincolnwood SD74 - Executed Heartland Mealview - Contract Amendment 2024 11/14/2024 at 10:55 AM
Subject:	5.b. INFORMATION/DISCUSSION/ACTION: Final 2024 Levy
Attachments: 2_SD74 Levy 2024 Final 2_SD74 Levy 2024 Final 11/14/2024 at 10:56 AM 2a_2024 Levy SD74 NOV FiCM 2a_2024 Levy SD74 NOV FiCM 11/14/2024 at 10:56 AM 2b_SD74 FY24 Ending FB with Cash Balance NOV FiCM 2b_SD74 FY24 Ending FB with Cash Balance NOV FiCM 11/14/2024 at 10:56 AM 2c_2024 Levy Res Agg w Cert 2c_2024 Levy Res Agg w Cert 11/14/2024 at 10:56 AM 2d_2024 Levy Truth in Tax 2d_2024 Levy Truth in Tax 11/14/2024 at 10:56 AM 2e_2024 Levy LS Resolution 2e_2024 Levy LS Resolution 11/14/2024 at 10:57 AM
Subject:	6. NEW BUSINESS
Subject:	6.a. INFORMATION/DISCUSSION: FY24 Final Audit and The OPEB GASB 74/75 by Lauterbach & Amen, LLP
Attachments: 1_Audit FY24 SD74 1_Audit FY24 SD74 11/14/2024 at 10:57 AM 1a_Lincolnwood School District 74 AFR 24 1a_Lincolnwood School District 74 AFR 24 11/14/2024 at 10:57 AM 1b_Lincolnwood School District 74 SAS 114 24 1b_Lincolnwood School District 74 SAS 114 24 11/14/2024 at 10:57 AM 1c_Lincolnwood School District 74 Management Letter 24 1c_Lincolnwood School District 74 Management Letter 24 11/14/2024 at 10:57 AM 1d_Lincolnwood (SD74) OPEB Report 6-30-2024 - Final 1d_Lincolnwood (SD74) OPEB Report 6-30-2024 - Final 11/14/2024 at 10:58 AM
Subject:	6.b. INFORMATION/DISCUSSION/ACTION: 2025-26 School Fees Draft
Attachments: 3_2025-26 School Fees Draft 3_2025-26 School Fees Draft 11/15/2024 at 11:08 AM
Subject:	6.c. INFORMATION/DISCUSSION/ACTION: Annual Renewal of Building Automated Systems (BAS) Maintenance and Support
Attachments: 8_BAS Renewal 2025 8_BAS Renewal 2025 11/14/2024 at 4:01 PM 8a_BAS SD74 Everest CY 2025 8a_BAS SD74 Everest CY 2025 11/14/2024 at 4:01 PM
Subject:	6.d. INFORMATION/DISCUSSION/ACTION: Donation of Floor Hockey Equipment from The Chicago Blackhawks
Attachments: 5_Donation Sports Equipment 5_Donation Sports Equipment 11/14/2024 at 10:59 AM 5a_20241031 Donation CB 5a_20241031 Donation CB 11/14/2024 at 10:59 AM
Subject:	6.e. INFORMATION/DISCUSSION: Comprehensive District Software Inventory Report
Attachments: 2024_District Software Update Summary (1) 2024_District Software Update Summary (1) 11/14/2024 at 2:59 PM
Subject:	7. INFORMATION/DISCUSSION: District Finance Update - Courtney Whited, Business Manager/CSBO
Attachments: 6_Finance Update NOV 2024 6_Finance Update NOV 2024 11/14/2024 at 11:01 AM
Subject:	7.a. After consultation with Legal Counsel, the Niles Township transportation cohort (70, 71, 74, 219) agreed to negotiate with First Student, Inc. Bus Company for a one-year extension for regular education transportation spanning 08/01/2025 to 07/31/2026.
Subject:	7.b. The District will hold a public hearing at the December 5, 2024 Board of Education meeting to receive public testimony from educators, parents, and students on a proposal to seek a waiver of a School Code mandate. Following the conclusion of the hearing, the Board of Education may take action to approve the waiver application. Approval of the proposal would seek a one-year waiver of School Code Section 17-1.5, which limits the increase in administrative expenditures for the current school year to not exceed 5% over the prior school year. Waivers may be granted due to circumstances beyond the control of the district where the district has exhausted all available and reasonable remedies to comply with the limitation. The attached notice is scheduled to appear in the 11/21/2024 Lincolnwood Review.
Attachments: 6a_Admin Costs FY25 Budget 6a_Admin Costs FY25 Budget 11/14/2024 at 11:02 AM
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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