Agenda Item
Meeting Date: 5/8/2019 - 7:00 PM
Category: Consent Agenda Items
Type: Action
Subject: Approval of Resolution Appointing Treasurer and Approving the Treasurer's Bond
Vision 2022:
Financial & Facilities Management
Continue to ensure a balanced budget that builds and maintains a fund balance that meets Board policy.
Policy: 4.10 - Fiscal and Business Management
Background: Each year the administration presents to the Board of Education a recommendation to appoint the Treasurer and approve the amount of the treasurer's bond coverage.
File Attachment:
Resolution Appointing Treasurer and Approving the Treasurers Bond.pdf
Summary: The attached resolution recommends that Kimberly Funkhouser be appointed as Treasurer for the fiscal year July 1, 2019 through June 30, 2020 and recommends the setting of the amount of bond coverage to be obtained for the treasurer's bond at $27,000,000. Amount of coverage is determined by the Illinois School code. The district is required to carry 25% of the amount of all bonds, notes and moneys held in custody at any one time.
Funding: None.
Recommendation: It is recommended that the Resolution appointing treasurer and approving the treasurer's bond be approved as presented.
Approvals:
Recommended By:
Signed By:
Kimberly Funkhouser - Treasurer
Signed By:
Bill Farley - Assist. Superintendent
Signed By:
Jeff Schuler - Superintendent
Vote Results:

Original Motion
Member Rob Hanlon Moved, Member Ginna Ericksen seconded to approve the Original motion 'It is recommended that the Resolution appointing treasurer and approving the treasurer's bond be approved as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
Brad Paulsen     Yes
Jim Mathieson     Yes
Chris Crabtree     Yes
Rob Hanlon     Yes
Ginna Ericksen     Yes
Susan Booton     Yes
Dave Long     Yes