Projector: August 21, 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 24, 2025

4. INFORMATION/DISCUSSION: FUND BALANCE REPORT

4.a. Fund Balance Report - JUNE 2025

5. NEW BUSINESS

5.a. INFORMATION/DISCUSSION: 2024-25 Administrator and Teacher Salary and Benefit Report Pursuant to PA 97-256

5.b. INFORMATION/DISCUSSION: 2024-25 IMRF Salary and Benefits Report Pursuant to PA 97-0609

5.c. INFORMATION/DISCUSSION/ACTION: Meal Magic Purchase for the 2025-2026 School Year

5.d. INFORMATION/DISCUSSION/ACTION: MagicSchool AI Purchase for the 2025-2026 School Year

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

6.a. Heartland Business Systems 2025-2026

6.b. Zoom Renewal for 2025-2026

6.c. Scholastic BookFlix Renewal for 2025-2026

6.d. Encyclopedia Britannica Renewal for 2025-2026

6.e. Flocabulary Renewal for 2025-2026

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

7.a. Finance Committee Meeting start time.

7.b. A question was posed during the July Finance Committee meeting relative to the IL Funds and PNC Bank amounts and their interest yields.

7.c. A question was posed during the July Finance Committee meeting relative to the investment policies to which the Niles Township School Treasurer adheres.

7.d. As of August 13, 2025, Cook County had not yet released the Agency Tax Rate Report for Tax Year 2024. SD74 Administration continues to monitor local real estate tax collections closely.

8. OLD BUSINESS

8.a. INFORMATION/DISCUSSION/ACTION: SD74 Budget for Fiscal Year 2026

8.b. INFORMATION/DISCUSSION: Various Bond Scenarios

8.c. INFORMATION/DISCUSSION: DRAFT Referendum Verbiage

9. ADJOURNMENT

Agenda Item

Agenda Item Details Reload Your Meeting
Meeting:	August 21, 2025 at 6:30 PM - Finance Committee Meeting
Subject:	1. CALL TO ORDER/ROLL CALL
Description: FINANCE COMMITTEE MEMBERS Jay Oleniczak (BOE), Chair Mihra Seta (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 & Instruction Courtney L. 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 24, 2025
Description: Motion by member:________________ Seconded by:____________________
Attachments: 7_24_25_Finance_Minutes_FINAL.docx 7_24_25_Finance_Minutes_FINAL.docx 8/6/2025 at 1:42 PM
Subject:	4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
Subject:	4.a. Fund Balance Report - JUNE 2025
Attachments: 0_SD74 JUN 2025 STATEMENT OF POSITION 0_SD74 JUN 2025 STATEMENT OF POSITION 8/13/2025 at 1:36 PM
Subject:	5. NEW BUSINESS
Subject:	5.a. INFORMATION/DISCUSSION: 2024-25 Administrator and Teacher Salary and Benefit Report Pursuant to PA 97-256
Attachments: 5_Salary and Benefit Report PA 97-256 5_Salary and Benefit Report PA 97-256 8/14/2025 at 12:27 PM 5a_2024-2025 Admin_Teacher_Salary 5a_2024-2025 Admin_Teacher_Salary 8/14/2025 at 12:27 PM
Subject:	5.b. INFORMATION/DISCUSSION: 2024-25 IMRF Salary and Benefits Report Pursuant to PA 97-0609
Attachments: 6_IMRF Compensation Over $75K PA 97-0609 FY25 6_IMRF Compensation Over $75K PA 97-0609 FY25 8/14/2025 at 12:27 PM 6a_2024-2025 IMRF Public Act 97-0609 6a_2024-2025 IMRF Public Act 97-0609 8/14/2025 at 12:27 PM
Subject:	5.c. INFORMATION/DISCUSSION/ACTION: Meal Magic Purchase for the 2025-2026 School Year
Attachments: 7_ES_2025_MealMagic 7_ES_2025_MealMagic 8/14/2025 at 12:28 PM 7a_MealMagic MSA 7a_MealMagic MSA 8/14/2025 at 12:28 PM 7b_MealMagic Privacy 7b_MealMagic Privacy 8/14/2025 at 12:28 PM 7c_MealMagic Quote 7c_MealMagic Quote 8/14/2025 at 12:28 PM
Subject:	5.d. INFORMATION/DISCUSSION/ACTION: MagicSchool AI Purchase for the 2025-2026 School Year
Attachments: 8_ES_2025_MagicSchoolAi 8_ES_2025_MagicSchoolAi 8/14/2025 at 12:32 PM 8a_Magic School NDPA2024-05-22_6283_15589_signed_agreement_file 8a_Magic School NDPA2024-05-22_6283_15589_signed_agreement_file 8/14/2025 at 12:32 PM 8b_Magic School Updated Order 8b_Magic School Updated Order 8/14/2025 at 12:32 PM 8c_MagicSchool Privacy Policy 8c_MagicSchool Privacy Policy 8/14/2025 at 12:32 PM 8d_MagicSchool Student Data Policy 8d_MagicSchool Student Data Policy 8/14/2025 at 12:33 PM 8e_MagicSchool Terms of Service 8e_MagicSchool Terms of Service 8/14/2025 at 12:33 PM
Subject:	6. INFORMATION/DISCUSSION: District Purchasing Update(s) - Dr. David L. Russo, Dr. Dominick M. Lupo, Jordan Stephen
Attachments: 9_Finance Updated District Purchasing AUG 2025 9_Finance Updated District Purchasing AUG 2025 8/14/2025 at 12:35 PM
Subject:	6.a. Heartland Business Systems 2025-2026
Subject:	6.b. Zoom Renewal for 2025-2026
Subject:	6.c. Scholastic BookFlix Renewal for 2025-2026
Subject:	6.d. Encyclopedia Britannica Renewal for 2025-2026
Subject:	6.e. Flocabulary Renewal for 2025-2026
Subject:	7. INFORMATION/DISCUSSION: District Finance Update - Courtney Whited, Business Manager/CSBO
Attachments: 10_Finance Update AUG2025 10_Finance Update AUG2025 8/14/2025 at 12:35 PM
Subject:	7.a. Finance Committee Meeting start time.
Subject:	7.b. A question was posed during the July Finance Committee meeting relative to the IL Funds and PNC Bank amounts and their interest yields.
Subject:	7.c. A question was posed during the July Finance Committee meeting relative to the investment policies to which the Niles Township School Treasurer adheres.
Subject:	7.d. As of August 13, 2025, Cook County had not yet released the Agency Tax Rate Report for Tax Year 2024. SD74 Administration continues to monitor local real estate tax collections closely.
Subject:	8. OLD BUSINESS
Subject:	8.a. INFORMATION/DISCUSSION/ACTION: SD74 Budget for Fiscal Year 2026
Attachments: 3_FY26 SD74 Budget_GOOD_CW 3_FY26 SD74 Budget_GOOD_CW 8/14/2025 at 5:45 PM 3a_FY26 Budget AUG2025 FiCM 3a_FY26 Budget AUG2025 FiCM 8/14/2025 at 12:36 PM 3b_FY26 SD74 Budget ISBE 50-36 3b_FY26 SD74 Budget ISBE 50-36 8/14/2025 at 12:36 PM 3c_FY25 Fund Balance w Cash EOY JUN2025 3c_FY25 Fund Balance w Cash EOY JUN2025 8/14/2025 at 12:36 PM
Subject:	8.b. INFORMATION/DISCUSSION: Various Bond Scenarios
Attachments: 1_Additional Financing Scenarios AUG 2025 1_Additional Financing Scenarios AUG 2025 8/14/2025 at 12:37 PM 1a_SD74 Additional Financing Scenarios by PMA 080125 1a_SD74 Additional Financing Scenarios by PMA 080125 8/14/2025 at 12:37 PM
Subject:	8.c. INFORMATION/DISCUSSION: DRAFT Referendum Verbiage
Attachments: 2_Exec Summ_DRAFT Referendum Language UPDATED 2_Exec Summ_DRAFT Referendum Language UPDATED 8/14/2025 at 12:37 PM
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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