Projector: May 22, 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 - MARCH 20, 2025

3.b. Finance Committee Meeting Minutes - APRIL 17, 2025

4. INFORMATION/DISCUSSION: FUND BALANCE REPORT

4.a. Fund Balance Report - MARCH 2025

5. OLD BUSINESS

6. NEW BUSINESS

6.a. INFORMATION/DISCUSSION/ACTION: Donation from ROSE Foundation

6.b. INFORMATION/DISCUSSION/ACTION: Donation from ROSE Foundation to Rutledge Hall

6.c. INFORMATION/DISCUSSION/ACTION: 2025-26 Collective Liability Insurance Cooperative (CLIC) Property/Casualty and Fiduciary Liability Insurance Renewal

6.d. INFORMATION/DISCUSSION/ACTION: FY26 Workers’ Compensation Insurance Coverage from IPRF

6.e. INFORMATION/DISCUSSION: Fiscal Year 2026 Preliminary Budget Assumptions

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

7.a. BrainPop for 2025-2026

7.b. Finalsite for 2025-2026

7.c. PowerSchool SIS for 2025-2026

7.d. PowerSchool Enrollment for 2025-2026

7.e. Schoology for 2025-2026

7.f. SeeSaw for 2025-2026

7.g. Newsela for 2025-2026

7.h. Alternative Learning Opportunities Program (ALOP)

7.i. PLTW for 2025-2026

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

8.a. IGS, the District’s electricity supplier, prepared estimates for the upcoming capacity rate increase that ComEd will be passing along to its customers, both residential and commercial. SD74 can expect this portion of the monthly bill to increase sevenfold starting next month.

8.b. The Chicago Tribune posted news about the likelihood that August property tax bills will arrive late due to a snag between the Cook County Assessor’s Office and Tyler Technologies. No exact date for the mailing has been announced.
https://www.chicagotribune.com/2025/05/12/cook-county-property-tax-bills-likely-to-be-delayed/

9. RECESS INTO CLOSED SESSION

10. ADJOURNMENT

Agenda Item

Agenda Item Details Reload Your Meeting
Meeting:	May 22, 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 Adam Kriticos, 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 - MARCH 20, 2025
Description: Motion by member:________________ Seconded by:____________________
Attachments: 3_20_25_Finance_Minutes_FINAL.DOCX 3_20_25_Finance_Minutes_FINAL.DOCX 4/10/2025 at 8:35 AM
Subject:	3.b. Finance Committee Meeting Minutes - APRIL 17, 2025
Description: Motion by member:________________ Seconded by:____________________
Attachments: 4_17_25_Finance_Minutes_Final 4_17_25_Finance_Minutes_Final 4/22/2025 at 8:36 AM
Subject:	4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
Subject:	4.a. Fund Balance Report - MARCH 2025
Attachments: 0_D74 MAR 2025 STATEMENT OF POSITION 0_D74 MAR 2025 STATEMENT OF POSITION 5/13/2025 at 10:52 AM
Subject:	5. OLD BUSINESS
Subject:	6. NEW BUSINESS
Subject:	6.a. INFORMATION/DISCUSSION/ACTION: Donation from ROSE Foundation
Attachments: 1_Donation_ROSE Foundation 1_Donation_ROSE Foundation 5/14/2025 at 3:57 PM 1a_ROSE_Foundation_Donation 1a_ROSE_Foundation_Donation 4/23/2025 at 2:39 PM
Subject:	6.b. INFORMATION/DISCUSSION/ACTION: Donation from ROSE Foundation to Rutledge Hall
Attachments: 2_Donation_ROSE Foundation 2_Donation_ROSE Foundation 5/14/2025 at 3:14 PM 2a_ROSE to RH MAY 2025 2a_ROSE to RH MAY 2025 5/14/2025 at 3:14 PM
Subject:	6.c. INFORMATION/DISCUSSION/ACTION: 2025-26 Collective Liability Insurance Cooperative (CLIC) Property/Casualty and Fiduciary Liability Insurance Renewal
Attachments: 5_CLIC_Property Casualty FidLiability Insurance FY26 5_CLIC_Property Casualty FidLiability Insurance FY26 5/16/2025 at 9:25 AM 5a_FY26 CLIC Prop Casualty Fid Liab 5a_FY26 CLIC Prop Casualty Fid Liab 5/16/2025 at 9:25 AM
Subject:	6.d. INFORMATION/DISCUSSION/ACTION: FY26 Workers’ Compensation Insurance Coverage from IPRF
Attachments: 3_IPRF Workers Compensation FY26 3_IPRF Workers Compensation FY26 5/14/2025 at 3:34 PM 3a_FY26 IPRF Invoice 3a_FY26 IPRF Invoice 5/14/2025 at 3:34 PM 3b_Lincolnwood SD 74 2025-26 Proposal Preferred School Group 3b_Lincolnwood SD 74 2025-26 Proposal Preferred School Group 5/14/2025 at 3:34 PM
Subject:	6.e. INFORMATION/DISCUSSION: Fiscal Year 2026 Preliminary Budget Assumptions
Attachments: 4_FY26 Preliminary Budget Assumptions 4_FY26 Preliminary Budget Assumptions 5/14/2025 at 3:33 PM 4a_FY26 Preliminary Budget Assumptions FCM 20250522 4a_FY26 Preliminary Budget Assumptions FCM 20250522 5/14/2025 at 3:33 PM
Subject:	7. INFORMATION/DISCUSSION: District Purchasing Update(s) - Dr. David L. Russo, Dr. Dominick M. Lupo, Jordan Stephen
Attachments: 5_Updated District Purchasing May 25_DOM.docx (1) 5_Updated District Purchasing May 25_DOM.docx (1) 5/14/2025 at 8:14 AM
Subject:	7.a. BrainPop for 2025-2026
Subject:	7.b. Finalsite for 2025-2026
Subject:	7.c. PowerSchool SIS for 2025-2026
Subject:	7.d. PowerSchool Enrollment for 2025-2026
Subject:	7.e. Schoology for 2025-2026
Subject:	7.f. SeeSaw for 2025-2026
Subject:	7.g. Newsela for 2025-2026
Subject:	7.h. Alternative Learning Opportunities Program (ALOP)
Subject:	7.i. PLTW for 2025-2026
Subject:	8. INFORMATION/DISCUSSION: District Finance Update - Courtney Whited, Business Manager/CSBO
Attachments: 6_Finance Update MAY 2025 6_Finance Update MAY 2025 5/14/2025 at 3:11 PM
Subject:	8.a. IGS, the District’s electricity supplier, prepared estimates for the upcoming capacity rate increase that ComEd will be passing along to its customers, both residential and commercial. SD74 can expect this portion of the monthly bill to increase sevenfold starting next month.
Subject:	8.b. The Chicago Tribune posted news about the likelihood that August property tax bills will arrive late due to a snag between the Cook County Assessor’s Office and Tyler Technologies. No exact date for the mailing has been announced. https://www.chicagotribune.com/2025/05/12/cook-county-property-tax-bills-likely-to-be-delayed/
Subject:	9. RECESS INTO CLOSED SESSION
Description: I move that the Lincolnwood School District 74 Finance Committee recess into Closed Session for the purposes of: 5 ILCS 120/2(c)(6) - the setting of a price for sale or lease of property owned by the public body. Motion by member:_________________ Seconded by:________________
Subject:	10. 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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