Projector: November 20, 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 - OCTOBER 23, 2025

4. INFORMATION/DISCUSSION: FUND BALANCE REPORT

4.a. Fund Balance Report - SEPTEMBER 2025

5. OLD BUSINESS

5.a. INFORMATION/DISCUSSION: FY25 Final Audit and The OPEB GASB 74/75 by Lauterbach & Amen, LLP

5.b. INFORMATION/DISCUSSION/ACTION: 2025 Levy

6. NEW BUSINESS

6.a. INFORMATION/DISCUSSION/ACTION: IGS Electricity Contract Beginning April 2026

6.b. INFORMATON/DISCUSSION/ACTION: IGS Natural Gas Contract Beginning August 2026

6.c. INFORMATION/DISCUSSION: Adding Vanguard to SD74’s SRA Offerings

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

7.a. Writable for 2025-2026

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

8.a. Scope and budget for document archive services.

9. ADJOURNMENT

Agenda Item

Agenda Item Details Reload Your Meeting
Meeting:	November 20, 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 - OCTOBER 23, 2025
Description: Motion by member:________________ Seconded by:____________________
Attachments: 10_23_25_Finance_Minutes_FINAL.docx 10_23_25_Finance_Minutes_FINAL.docx 10/29/2025 at 8:56 AM
Subject:	4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
Subject:	4.a. Fund Balance Report - SEPTEMBER 2025
Attachments: 0_SD74 SEPT 2025 STATEMENT OF POSITION 0_SD74 SEPT 2025 STATEMENT OF POSITION 11/12/2025 at 10:16 AM
Subject:	5. OLD BUSINESS
Subject:	5.a. INFORMATION/DISCUSSION: FY25 Final Audit and The OPEB GASB 74/75 by Lauterbach & Amen, LLP
Attachments: 1_SD74 Audit FY25 1_SD74 Audit FY25 11/12/2025 at 12:28 PM 1b_Lincolnwood School District 74 Audit AFR FY25 1b_Lincolnwood School District 74 Audit AFR FY25 11/12/2025 at 12:29 PM 1c_Lincolnwood School District 74 Audit SAS114 Letter FY25 1c_Lincolnwood School District 74 Audit SAS114 Letter FY25 11/12/2025 at 12:29 PM 1d_Lincolnwood School District 74 Audit Management Letter FY25 1d_Lincolnwood School District 74 Audit Management Letter FY25 11/12/2025 at 12:29 PM 1e_Lincolnwood SD74 Actuary OPEB Report FY25 Final 1e_Lincolnwood SD74 Actuary OPEB Report FY25 Final 11/12/2025 at 12:29 PM
Subject:	5.b. INFORMATION/DISCUSSION/ACTION: 2025 Levy
Attachments: 2_2025 Levy NOV FiCM 2_2025 Levy NOV FiCM 11/12/2025 at 12:29 PM 2a_Levy 2025 NOV FiCM 2a_Levy 2025 NOV FiCM 11/12/2025 at 12:29 PM 2b_SD74 JUN 2025 FB w Cash 2b_SD74 JUN 2025 FB w Cash 11/12/2025 at 12:29 PM 2c_SD74 SEP 2025 FB w Cash 2c_SD74 SEP 2025 FB w Cash 11/12/2025 at 12:29 PM 2d_Legal Notice SD74 Levy 2025 2d_Legal Notice SD74 Levy 2025 11/12/2025 at 12:30 PM 2e_2025 Levy Resolution Agg w Cert 2e_2025 Levy Resolution Agg w Cert 11/12/2025 at 12:30 PM 2f_2025 Levy Truth in Taxation 2f_2025 Levy Truth in Taxation 11/12/2025 at 12:30 PM 2g_2025 Levy LS Resolution 2g_2025 Levy LS Resolution 11/12/2025 at 12:30 PM
Subject:	6. NEW BUSINESS
Subject:	6.a. INFORMATION/DISCUSSION/ACTION: IGS Electricity Contract Beginning April 2026
Attachments: 3_Electricity Contract IGS 3_Electricity Contract IGS 11/12/2025 at 12:30 PM 3a_IGS Electricity Discussion 3a_IGS Electricity Discussion 11/12/2025 at 12:30 PM 3b_Lincolnwood SD74 ELECTRIC COMED Apr 26 T2_Redline 3b_Lincolnwood SD74 ELECTRIC COMED Apr 26 T2_Redline 11/12/2025 at 12:30 PM
Subject:	6.b. INFORMATON/DISCUSSION/ACTION: IGS Natural Gas Contract Beginning August 2026
Attachments: 4_Natural Gas Contract IGS 4_Natural Gas Contract IGS 11/12/2025 at 12:31 PM 4a_IGS Natural Gas Discussion 4a_IGS Natural Gas Discussion 11/12/2025 at 12:31 PM 4b_Lincolnwood Sd74 NATURAL GAS NICOR Aug 26 T2 0017_Redline 4b_Lincolnwood Sd74 NATURAL GAS NICOR Aug 26 T2 0017_Redline 11/12/2025 at 12:31 PM
Subject:	6.c. INFORMATION/DISCUSSION: Adding Vanguard to SD74’s SRA Offerings
Attachments: 5_Vanguard Investment Provider 5_Vanguard Investment Provider 11/12/2025 at 12:31 PM 5a_Vanguard Fee Notice from TSACG 5a_Vanguard Fee Notice from TSACG 11/12/2025 at 12:31 PM
Subject:	7. INFORMATION/DISCUSSION: District Purchasing Update(s) - Dr. David L. Russo, Dr. Dominick M. Lupo, Jordan Stephen
Attachments: 7_District Purchasing November 2025 7_District Purchasing November 2025 11/12/2025 at 12:32 PM
Subject:	7.a. Writable for 2025-2026
Subject:	8. INFORMATION/DISCUSSION: District Finance Update - Courtney Whited, Business Manager/CSBO
Attachments: 6_Finance Update NOV 2025 6_Finance Update NOV 2025 11/12/2025 at 12:33 PM
Subject:	8.a. Scope and budget for document archive services.
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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