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Meeting Date:
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1/13/2021 - 7:00 PM
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Category:
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Policy Posting Consent Agenda*
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Type:
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Action
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Subject:
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Approval of Revised Board Policy 4:20 Fund Balances
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Vision 2022:
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Background
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The revision to this policy is to clarify that the recognition in the audit of the revenue associated with the on-behalf made by the State of Illinois relative to pension contributions is not used in the calculation of fund balance percentage. The change to this policy was reviewed by the Board of Education Finance Committee prior to recommendation for approval. There were no comments received from the public.
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File Attachment:
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Summary:
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Funding:
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Board Policy
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2:20 Powers and Duties of the Board of Education
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Recommendation:
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It is recommended that revised policy 4:20 be approved as presented.
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Approvals:
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Recommended By:
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Signed By:
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Jeff Schuler - Superintendent
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Vote Results:
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| Original Motion | | Member Susan Booton Moved, Member Dave Long seconded to approve the Original motion 'It is recommended that revised policy 4:20 be approved as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | Brad Paulsen | Yes | | Chris Crabtree | Yes | | Rob Hanlon | Yes | | Ginna Ericksen | Yes | | Susan Booton | Yes | | Dave Long | Yes | |
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