Projector: January 23, 2025 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

3.d. Finance Committee Meeting Minutes - NOVEMBER 21, 2024

3.e. Finance Committee Meeting Minutes - DECEMBER 12, 2024

4. INFORMATION/DISCUSSION: FUND BALANCE REPORT

4.a. Fund Balance Report - NOVEMBER 2024

5. OLD BUSINESS

6. NEW BUSINESS

6.a. INFORMATION/DISCUSSION/ACTION: Extended Warranty for the Vulcan Double Oven

6.b. INFORMATION/DISCUSSION/ACTION: Post-Issuance Tax Compliance Reports

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

7.a. Novel Effect Renewal for 2024-2025

7.b. Infinite Connections, Inc. Renewal for 2025-2026

7.c. Starfall Renewal for 2025-2026

7.d. Raptor Renewal for 2025-2026

7.e. AT&T Project Update

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

8.a. The CCDC lease expires on June 30, 2026.

8.b. Northern Illinois Purchasing Cooperative (NIIPC)

8.c. Real Estate Tax Collections: Mid-Point Update

9. ADJOURNMENT

Agenda Item

Agenda Item Details Reload Your Meeting
Meeting:	January 23, 2025 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 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:	3.d. Finance Committee Meeting Minutes - NOVEMBER 21, 2024
Description: Motion by member:________________ Seconded by:____________________
Attachments: 11_21_24_Finance_Minutes_FINAL 11_21_24_Finance_Minutes_FINAL 11/25/2024 at 1:46 PM
Subject:	3.e. Finance Committee Meeting Minutes - DECEMBER 12, 2024
Description: Motion by member:________________ Seconded by:____________________
Attachments: 12_12_24_Finance_Minutes_FINAL.DOCX 12_12_24_Finance_Minutes_FINAL.DOCX 12/17/2024 at 11:13 AM
Subject:	4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
Subject:	4.a. Fund Balance Report - NOVEMBER 2024
Attachments: 0_D74 NOV 2024 STATEMENT OF POSITION 0_D74 NOV 2024 STATEMENT OF POSITION 1/15/2025 at 8:25 AM
Subject:	5. OLD BUSINESS
Subject:	6. NEW BUSINESS
Subject:	6.a. INFORMATION/DISCUSSION/ACTION: Extended Warranty for the Vulcan Double Oven
Attachments: 1_Vulcan Oven Ext Warranty 1_Vulcan Oven Ext Warranty 1/15/2025 at 8:26 AM 1a_20241217_Lincolnwood_School_Ext_Warranty_Vulcan_Oven 1a_20241217_Lincolnwood_School_Ext_Warranty_Vulcan_Oven 1/15/2025 at 8:26 AM 1b_Vulcan Oven Ext Warranty 1b_Vulcan Oven Ext Warranty 1/15/2025 at 8:27 AM
Subject:	6.b. INFORMATION/DISCUSSION/ACTION: Post-Issuance Tax Compliance Reports
Attachments: 2_Post-Issuance Tax Compliance FY25 2_Post-Issuance Tax Compliance FY25 1/15/2025 at 8:28 AM 2a_PITC2015_FY25 2a_PITC2015_FY25 1/15/2025 at 8:28 AM 2b_PITC2016_FY25 2b_PITC2016_FY25 1/15/2025 at 8:28 AM 2c_PITC2018_FY25 2c_PITC2018_FY25 1/15/2025 at 8:28 AM 2d_PITC2021_FY25 2d_PITC2021_FY25 1/15/2025 at 8:28 AM
Subject:	7. INFORMATION/DISCUSSION: District Purchasing Update(s) - Dr. David L. Russo, Dr. Dominick M. Lupo, Jordan Stephen
Attachments: Updated District Purchasing January (2) Updated District Purchasing January (2) 1/15/2025 at 3:06 PM
Subject:	7.a. Novel Effect Renewal for 2024-2025
Subject:	7.b. Infinite Connections, Inc. Renewal for 2025-2026
Subject:	7.c. Starfall Renewal for 2025-2026
Subject:	7.d. Raptor Renewal for 2025-2026
Subject:	7.e. AT&T Project Update
Subject:	8. INFORMATION/DISCUSSION: District Finance Update - Courtney Whited, Business Manager/CSBO
Attachments: 4_Finance Update JAN 2025 4_Finance Update JAN 2025 1/15/2025 at 1:43 PM
Subject:	8.a. The CCDC lease expires on June 30, 2026.
Subject:	8.b. Northern Illinois Purchasing Cooperative (NIIPC)
Subject:	8.c. Real Estate Tax Collections: Mid-Point Update
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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